Todays Report: Today, 14,354 Shares of American Airlines Group Inc. (AAL) are sold by Exxonmobil Investment Management Inc. TX

Today, 14,354 Shares of American Airlines Group Inc. (AAL) are sold by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 9.6% during the third quarter, Holdings Channel reports. The firm owned 135,306 shares of the airline’s stock after selling 14,354 shares during the period. Exxonmobil Investment Management Inc. TX’s holdings in American Airlines Group were worth $4,954,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of AAL. Cribstone Capital Management LLC acquired a new stake in shares of American Airlines Group during the second quarter valued at about $108,000. Westbourne Investment Advisors Inc. purchased a new stake in American Airlines Group during the second quarter worth $115,000. Checchi Capital Advisers LLC increased its stake in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the period. Evercore Wealth Management LLC increased its stake in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares during the period. Finally, RS Investment Management Co. LLC increased its stake in American Airlines Group by 111.1% in the second quarter. RS Investment Management Co. LLC now owns 5,974 shares of the airline’s stock worth $169,000 after buying an additional 3,144 shares during the period. Institutional investors own 75.78% of the company’s stock.

American Airlines Group Inc. (NASDAQ:AAL) traded up 1.04% during mid-day trading on Friday, reaching $46.82. 2,426,632 shares of the company’s stock were exchanged. American Airlines Group Inc. has a 12 month low of $24.85 and a 12 month high of $46.95. The firm has a market cap of $24.26 billion, a price-to-earnings ratio of 4.85 and a beta of 0.88. The stock has a 50-day moving average of $41.37 and a 200-day moving average of $35.75.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 20th. The airline reported $2.80 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $1.23. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $5.43 billion. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter last year, the business posted $2.77 EPS. Analysts anticipate that American Airlines Group Inc. will post $5.47 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 7th were given a dividend of $0.10 per share. The ex-dividend date was Thursday, November 3rd. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. American Airlines Group’s dividend payout ratio is 4.30%.

A number of equities research analysts recently weighed in on the company. Vetr downgraded American Airlines Group from a “buy” rating to a “hold” rating and set a $42.62 target price on the stock. in a research report on Monday, November 7th. Wolfe Research set a $46.00 target price on American Airlines Group and gave the stock a “buy” rating in a research report on Friday, October 21st. Credit Suisse Group AG reissued a “sell” rating and set a $34.00 target price on shares of American Airlines Group in a research report on Tuesday, September 13th. Finally, TheStreet raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Monday, October 31st. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $44.09.

In related news, EVP Maya Leibman sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total value of $363,400.00. Following the completion of the transaction, the executive vice president now owns 196,907 shares of the company’s stock, valued at approximately $7,155,600.38. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Andrew P. Nocella sold 171,383 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $40.65, for a total transaction of $6,966,718.95. Following the completion of the transaction, the chief marketing officer now directly owns 307,719 shares of the company’s stock, valued at approximately $12,508,777.35. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

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