A number of other equities analysts have also recently commented on the company. Macquarie set a $53.00 target price on American Airlines Group and gave the stock a buy rating in a report on Tuesday, January 29th. Deutsche Bank cut American Airlines Group from a buy rating to a hold rating and raised their price target for the company from $28.81 to $35.63 in a research note on Friday, March 1st. ValuEngine cut American Airlines Group from a sell rating to a strong sell rating in a research report on Friday, January 11th. Citigroup lowered their price objective on American Airlines Group from $59.00 to $56.00 and set a buy rating on the stock in a report on Friday, March 8th. Finally, Imperial Capital restated an outperform rating and set a $43.00 price objective (down from $46.00) on shares of American Airlines Group in a research report on Friday, March 15th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Airlines Group presently has an average rating of Hold and an average target price of $43.31.
Shares of American Airlines Group stock traded down $0.24 during midday trading on Tuesday, reaching $28.17. 4,484,170 shares of the company’s stock traded hands, compared to its average volume of 7,266,792. The company has a market cap of $12.64 billion, a PE ratio of 6.19 and a beta of 1.54. American Airlines Group has a 12 month low of $27.92 and a 12 month high of $45.15.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 22nd. Shareholders of record on Wednesday, May 8th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, May 7th. This represents a $0.40 dividend on an annualized basis and a yield of 1.42%. American Airlines Group’s payout ratio is 8.79%.
A number of hedge funds and other institutional investors have recently modified their holdings of AAL. Thrivent Financial for Lutherans raised its stake in American Airlines Group by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after acquiring an additional 321 shares during the period. Nomura Asset Management Co. Ltd. raised its holdings in American Airlines Group by 1.1% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock worth $945,000 after purchasing an additional 329 shares in the last quarter. IHT Wealth Management LLC raised its holdings in American Airlines Group by 5.6% in the first quarter. IHT Wealth Management LLC now owns 6,645 shares of the airline’s stock worth $211,000 after purchasing an additional 353 shares in the last quarter. First Dallas Securities Inc. raised its holdings in American Airlines Group by 0.6% in the first quarter. First Dallas Securities Inc. now owns 63,330 shares of the airline’s stock worth $2,011,000 after purchasing an additional 367 shares in the last quarter. Finally, Accurate Investment Solutions Inc. raised its holdings in American Airlines Group by 100.0% in the first quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock worth $25,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 79.42% of the company’s stock.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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