Schwab Charles Investment Management Inc. Buys 49,822 Shares of American Airlines Group Inc (AAL)
Schwab Charles Investment Management Inc. boosted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,739,874 shares of the airline’s stock after acquiring an additional 49,822 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.38% of American Airlines Group worth $66,046,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of AAL. Foundry Partners LLC raised its stake in shares of American Airlines Group by 2.6% during the 2nd quarter. Foundry Partners LLC now owns 202,145 shares of the airline’s stock worth $7,673,000 after buying an additional 5,075 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Airlines Group by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 634,326 shares of the airline’s stock worth $32,960,000 after buying an additional 1,648 shares in the last quarter. Ruffer LLP purchased a new position in shares of American Airlines Group during the 2nd quarter worth approximately $379,000. Boston Partners raised its stake in shares of American Airlines Group by 2.6% during the 2nd quarter. Boston Partners now owns 1,687,054 shares of the airline’s stock worth $64,041,000 after buying an additional 42,289 shares in the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in shares of American Airlines Group by 2.9% during the 2nd quarter. Nisa Investment Advisors LLC now owns 133,610 shares of the airline’s stock worth $5,072,000 after buying an additional 3,715 shares in the last quarter. 82.38% of the stock is owned by institutional investors.
AAL has been the subject of a number of analyst reports. ValuEngine downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, April 27th. Imperial Capital dropped their price objective on American Airlines Group from $53.00 to $49.00 and set a “line” rating for the company in a research note on Friday, April 27th. Cowen reaffirmed an “outperform” rating and issued a $55.00 price objective (down from $60.00) on shares of American Airlines Group in a research note on Friday, April 27th. JPMorgan Chase & Co. raised American Airlines Group to a “buy” rating in a research note on Monday, April 30th. Finally, BidaskClub downgraded American Airlines Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, May 1st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have given a buy rating to the company. American Airlines Group presently has an average rating of “Buy” and an average price target of $55.50.
American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 26th. The airline reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.04. American Airlines Group had a return on equity of 151.06% and a net margin of 3.75%. The firm had revenue of $11.64 billion during the quarter, compared to the consensus estimate of $11.67 billion. During the same period last year, the business posted $1.92 EPS. American Airlines Group’s quarterly revenue was up 3.7% on a year-over-year basis. equities research analysts expect that American Airlines Group Inc will post 4.66 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 21st. Shareholders of record on Tuesday, August 7th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, August 6th. American Airlines Group’s dividend payout ratio (DPR) is presently 8.20%.
American Airlines Group Company Profile
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, 2017, the company operated a mainline fleet of 948 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, and Phoenix, as well as in 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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