Sumitomo Mitsui Trust Holdings Inc. Has $585,000 Holdings in Alaska Air Group, Inc. (NYSE:ALK)

Sumitomo Mitsui Trust Holdings Inc. lowered its stake in Alaska Air Group, Inc. (NYSE:ALK) by 10.7% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,421 shares of the transportation company’s stock after selling 1,245 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Alaska Air Group were worth $585,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. boosted its holdings in Alaska Air Group by 1,307.7% during the 1st quarter. Victory Capital Management Inc. now owns 1,947,067 shares of the transportation company’s stock valued at $109,269,000 after acquiring an additional 1,808,754 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in shares of Alaska Air Group by 34.6% during the first quarter. Diamond Hill Capital Management Inc. now owns 2,257,103 shares of the transportation company’s stock valued at $126,669,000 after acquiring an additional 579,823 shares during the last quarter. Norges Bank acquired a new stake in shares of Alaska Air Group in the fourth quarter valued at approximately $31,868,000. Dimensional Fund Advisors LP grew its position in Alaska Air Group by 21.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,883,681 shares of the transportation company’s stock worth $175,468,000 after acquiring an additional 503,977 shares during the period. Finally, United Services Automobile Association grew its position in Alaska Air Group by 245.6% in the fourth quarter. United Services Automobile Association now owns 650,454 shares of the transportation company’s stock worth $39,580,000 after acquiring an additional 462,259 shares during the period. 88.43% of the stock is currently owned by hedge funds and other institutional investors.

In other Alaska Air Group news, EVP Andrew R. Harrison sold 1,600 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $61.53, for a total value of $98,448.00. Following the sale, the executive vice president now directly owns 20,567 shares in the company, valued at approximately $1,265,487.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew R. Harrison sold 4,700 shares of Alaska Air Group stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $62.63, for a total transaction of $294,361.00. Following the transaction, the executive vice president now directly owns 15,867 shares of the company’s stock, valued at $993,750.21. The disclosure for this sale can be found here. Company insiders own 0.43% of the company’s stock.

ALK has been the subject of several analyst reports. ValuEngine upgraded Alaska Air Group from a “sell” rating to a “hold” rating in a research report on Monday, April 1st. Deutsche Bank lowered their price target on Alaska Air Group from $73.00 to $68.00 and set a “buy” rating for the company in a research report on Friday, April 26th. Zacks Investment Research upgraded Alaska Air Group from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research report on Tuesday, March 5th. Buckingham Research cut their price target on Alaska Air Group from $88.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Finally, Citigroup cut their price target on Alaska Air Group from $74.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 6th. Seven equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Alaska Air Group currently has a consensus rating of “Buy” and a consensus target price of $76.43.

Shares of Alaska Air Group stock opened at $60.76 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.59 and a quick ratio of 0.57. Alaska Air Group, Inc. has a twelve month low of $53.39 and a twelve month high of $74.83. The firm has a market cap of $7.50 billion, a P/E ratio of 13.62, a price-to-earnings-growth ratio of 0.62 and a beta of 0.83.

Alaska Air Group (NYSE:ALK) last posted its quarterly earnings data on Thursday, April 25th. The transportation company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.04. Alaska Air Group had a net margin of 5.26% and a return on equity of 14.97%. The company had revenue of $1.88 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, sell-side analysts expect that Alaska Air Group, Inc. will post 5.7 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 6th. Stockholders of record on Tuesday, May 21st were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Monday, May 20th. Alaska Air Group’s dividend payout ratio (DPR) is presently 31.39%.

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Alaska Air Group Company Profile

Alaska Air Group, Inc, through its subsidiaries, provides passenger and cargo air transportation services. The company operates through three segments: Mainline, Regional, and Horizon. It has a network of approximately 1,200 daily flights to 115 destinations across the United States, Mexico, Canada, and Costa Rica.

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Institutional Ownership by Quarter for Alaska Air Group (NYSE:ALK)

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