Insider Selling: Shane R. Tackett Sells 2,500 Shares of Alaska Air Group Stock (ALK)
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.