First Mercantile Trust Co. boosted its holdings in American Airlines Group Inc (NASDAQ:AAL) by 92.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,275 shares of the airline’s stock after buying an additional 3,016 shares during the period. First Mercantile Trust Co.’s holdings in American Airlines Group were worth $326,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Advisor Partners LLC increased its position in American Airlines Group by 14.3% in the 4th quarter. Advisor Partners LLC now owns 8,564 shares of the airline’s stock worth $497,000 after buying an additional 1,072 shares during the period. Reilly Financial Advisors LLC increased its position in shares of American Airlines Group by 12.5% during the fourth quarter. Reilly Financial Advisors LLC now owns 10,696 shares of the airline’s stock valued at $557,000 after purchasing an additional 1,189 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of American Airlines Group by 5.4% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 24,263 shares of the airline’s stock valued at $1,270,000 after purchasing an additional 1,240 shares during the period. Kwmg LLC increased its position in shares of American Airlines Group by 3.9% during the fourth quarter. Kwmg LLC now owns 43,016 shares of the airline’s stock valued at $2,238,000 after purchasing an additional 1,613 shares during the period. Finally, OppenheimerFunds Inc. increased its position in shares of American Airlines Group by 1.5% during the fourth quarter. OppenheimerFunds Inc. now owns 122,114 shares of the airline’s stock valued at $6,354,000 after purchasing an additional 1,785 shares during the period. 81.13% of the stock is currently owned by institutional investors.
Shares of NASDAQ:AAL opened at $43.38 on Friday. American Airlines Group Inc has a fifty-two week low of $40.65 and a fifty-two week high of $59.08. The firm has a market capitalization of $20.43 billion, a price-to-earnings ratio of 8.66, a P/E/G ratio of 0.69 and a beta of 0.98. The company has a current ratio of 0.57, a quick ratio of 0.48 and a debt-to-equity ratio of -21.56.
American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.01. American Airlines Group had a return on equity of 92.63% and a net margin of 4.35%. The firm had revenue of $10.40 billion for the quarter, compared to analysts’ expectations of $10.41 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. research analysts predict that American Airlines Group Inc will post 5.4 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 22nd. Shareholders of record on Tuesday, May 8th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date is Monday, May 7th. American Airlines Group’s dividend payout ratio (DPR) is 8.20%.
AAL has been the topic of a number of research reports. Stephens restated a “hold” rating and set a $61.00 price objective on shares of American Airlines Group in a research report on Friday, January 26th. JPMorgan Chase upgraded American Airlines Group to a “buy” rating in a research report on Monday, April 30th. Morgan Stanley restated an “equal weight” rating and set a $59.00 price objective (down from $60.00) on shares of American Airlines Group in a research report on Friday, February 23rd. TheStreet cut American Airlines Group from a “b” rating to a “c” rating in a research report on Thursday, April 26th. Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $52.59 to $62.00 in a research report on Wednesday, January 31st. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $61.60.
In other American Airlines Group news, President Robert D. Isom, Jr. sold 5,000 shares of the company’s stock in a transaction on Tuesday, April 24th. The stock was sold at an average price of $46.72, for a total value of $233,600.00. Following the sale, the president now directly owns 675,276 shares in the company, valued at $31,548,894.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.64% of the company’s stock.
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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