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Alaska Air Group (NYSE:ALK) VP Shane R. Tackett unloaded 2,500 shares of the stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $46.74, for a total transaction of $116,850.00. Following the transaction, the vice president now directly owns 3,645 shares in the company, valued at approximately $170,367. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

ALK has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Alaska Air Group from an “outperform” rating to a “neutral” rating in a research note on Friday, August 1st. They now have a $46.20 price target on the stock. Separately, analysts at JPMorgan Chase & Co. downgraded shares of Alaska Air Group from an “overweight” rating to a “neutral” rating in a research note on Wednesday, July 30th. They now have a $53.50 price target on the stock, down previously from $56.50. Finally, analysts at Imperial Capital raised their price target on shares of Alaska Air Group from $56.00 to $60.00 in a research note on Tuesday, July 29th. They now have an “outperform” rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $51.39.

Shares of Alaska Air Group (NYSE:ALK) traded up 0.73% during mid-day trading on Wednesday, hitting $47.14. 1,042,199 shares of the company’s stock traded hands. Alaska Air Group has a 52 week low of $28.035 and a 52 week high of $50.49. The stock has a 50-day moving average of $46.47 and a 200-day moving average of $45.94. The company has a market cap of $6.358 billion and a price-to-earnings ratio of 10.48.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 4th. Shareholders of record on Tuesday, August 19th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, August 15th.

Alaska Air Group, Inc is a holding company of Alaska Airlines, Inc (NYSE:ALK) and Horizon Air Industries, Inc (Horizon), which together with its partner regional airlines, serve 95 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico.

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