Diversify Wealth Management LLC Sells 31,138 Shares of Ryanair Holdings PLC $RYAAY

Diversify Wealth Management LLC decreased its holdings in shares of Ryanair Holdings PLC (NASDAQ:RYAAY) by 88.9% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 3,905 shares of the transportation company’s stock after selling 31,138 shares during the period. Diversify Wealth Management LLC’s holdings in Ryanair were worth $253,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Ryanair by 645,657.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 2,789,672 shares of the transportation company’s stock valued at $201,386,000 after buying an additional 2,789,240 shares during the last quarter. Capital International Investors increased its position in shares of Ryanair by 6.6% during the fourth quarter. Capital International Investors now owns 39,929,929 shares of the transportation company’s stock worth $2,884,834,000 after acquiring an additional 2,464,742 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Ryanair by 58.0% in the 4th quarter. Wellington Management Group LLP now owns 3,895,021 shares of the transportation company’s stock worth $281,182,000 after acquiring an additional 1,429,666 shares during the last quarter. Norges Bank bought a new position in Ryanair in the 4th quarter valued at about $91,970,000. Finally, Price T Rowe Associates Inc. MD lifted its position in Ryanair by 15.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 7,304,889 shares of the transportation company’s stock valued at $527,341,000 after acquiring an additional 985,939 shares in the last quarter. 43.66% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the company. Weiss Ratings raised Ryanair from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, July 21st. Sanford C. Bernstein restated an “outperform” rating on shares of Ryanair in a report on Tuesday, July 21st. Zacks Research raised Ryanair from a “strong sell” rating to a “hold” rating in a research report on Friday, July 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Ryanair in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada restated an “outperform” rating on shares of Ryanair in a research note on Tuesday, May 19th. Six investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $79.50.

Ryanair Stock Performance

Shares of RYAAY stock opened at $59.17 on Friday. The company has a market capitalization of $30.74 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.86 and a beta of 1.16. Ryanair Holdings PLC has a 52-week low of $53.14 and a 52-week high of $74.24. The company has a 50-day simple moving average of $61.38 and a two-hundred day simple moving average of $61.51.

Ryanair (NASDAQ:RYAAY) last posted its earnings results on Friday, July 17th. The transportation company reported $1.19 EPS for the quarter, missing the consensus estimate of $1.37 by ($0.18). Ryanair had a return on equity of 21.23% and a net margin of 12.14%.The firm had revenue of $5 billion for the quarter, compared to the consensus estimate of $5.06 billion. On average, sell-side analysts forecast that Ryanair Holdings PLC will post 3.97 EPS for the current fiscal year.

Ryanair Dividend Announcement

The firm also recently declared a special dividend, which will be paid on Monday, September 28th. Investors of record on Friday, August 7th will be given a dividend of $0.4434 per share. The ex-dividend date of this dividend is Friday, August 7th. Ryanair’s dividend payout ratio (DPR) is presently 24.52%.

Insider Activity at Ryanair

In related news, insider Jason Paul Mcguinness sold 9,999 shares of Ryanair stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $27.56, for a total transaction of $275,572.44. Following the sale, the insider directly owned 14,305 shares in the company, valued at approximately $394,245.80. This trade represents a 41.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Dara Brady sold 8,973 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $26.01, for a total value of $233,387.73. Following the completion of the transaction, the chief marketing officer directly owned 17,550 shares in the company, valued at approximately $456,475.50. This represents a 33.83% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 126,607 shares of company stock valued at $3,386,997 in the last ninety days.

Ryanair Profile

Ryanair Holdings plc is an Irish low-cost airline group headquartered in Dublin, Ireland. Founded in 1984, the company grew into one of Europe’s largest budget carriers by offering point-to-point scheduled passenger services with an emphasis on low fares, high aircraft utilization and rapid turnaround times. Ryanair serves a broad network across Europe and nearby regions, focusing on both intra-European leisure travel and short-haul business routes.

The group primarily operates a single-type fleet based on the Boeing 737 family, supplemented by a mix of in-house and subsidiary airlines that help serve different markets and regulatory environments.