Caisse DE Depot ET Placement DU Quebec trimmed its stake in American Airlines Group Inc (NASDAQ:AAL) by 13.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 70,587 shares of the airline’s stock after selling 10,780 shares during the period. Caisse DE Depot ET Placement DU Quebec’s holdings in American Airlines Group were worth $3,673,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of AAL. Johnson Financial Group Inc. purchased a new stake in shares of American Airlines Group in the 4th quarter worth $127,000. NuWave Investment Management LLC bought a new position in American Airlines Group in the 4th quarter worth $145,000. Kings Point Capital Management bought a new position in American Airlines Group in the 4th quarter worth $190,000. Delpha Capital Management LLC bought a new position in American Airlines Group in the 4th quarter worth $191,000. Finally, Stephens Inc. AR bought a new position in American Airlines Group in the 4th quarter worth $206,000. Hedge funds and other institutional investors own 80.54% of the company’s stock.
American Airlines Group Inc (NASDAQ:AAL) opened at $56.50 on Tuesday. American Airlines Group Inc has a 1-year low of $39.21 and a 1-year high of $59.08. The company has a market cap of $26,730.00, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.56 and a beta of 0.93. The company has a current ratio of 0.61, a quick ratio of 0.52 and a debt-to-equity ratio of 5.73.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, February 5th. American Airlines Group’s dividend payout ratio (DPR) is presently 7.09%.
In related news, VP Derek J. Kerr sold 39,662 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $52.77, for a total value of $2,092,963.74. Following the completion of the transaction, the vice president now owns 429,046 shares of the company’s stock, valued at approximately $22,640,757.42. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the transaction, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The disclosure for this sale can be found here. Insiders have sold a total of 302,416 shares of company stock valued at $15,826,647 in the last three months. Insiders own 0.69% of the company’s stock.
AAL has been the subject of several recent analyst reports. Buckingham Research upped their target price on shares of American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Citigroup upped their target price on shares of American Airlines Group to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. BidaskClub raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price for the company in a report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, January 31st. One investment analyst has rated the stock with a sell rating, six have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $61.32.
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About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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