American Airlines Group, Inc. (NASDAQ:AAL) announced a quarterly dividend on Friday, July 28th, RTT News reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.10 per share by the airline on Monday, August 28th. This represents a $0.40 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, August 10th.

Shares of American Airlines Group (AAL) opened at 50.80 on Friday. The company has a market capitalization of $24.74 billion, a PE ratio of 12.61 and a beta of 0.96. The stock has a 50 day moving average price of $50.82 and a 200 day moving average price of $46.72. American Airlines Group has a one year low of $33.00 and a one year high of $54.48.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion during the quarter, compared to the consensus estimate of $11.08 billion. During the same quarter in the prior year, the firm earned $1.77 EPS. The company’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that American Airlines Group will post $5.14 earnings per share for the current year.

In other news, EVP Maya Leibman sold 23,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total transaction of $1,127,004.68. Following the completion of the sale, the executive vice president now owns 182,178 shares in the company, valued at approximately $8,606,088.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Derek J. Kerr sold 104,223 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now owns 591,195 shares of the company’s stock, valued at approximately $29,559,750. The disclosure for this sale can be found here. Insiders have sold a total of 211,480 shares of company stock valued at $10,516,971 in the last 90 days. Insiders own 0.64% of the company’s stock.

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Several research analysts recently weighed in on the stock. Bank of America Corporation upped their price target on shares of American Airlines Group to $61.00 and gave the stock a “neutral” rating in a research report on Tuesday. J P Morgan Chase & Co upgraded shares of American Airlines Group from a “neutral” rating to an “overweight” rating and upped their price target for the stock from $52.00 to $61.00 in a research report on Tuesday. Buckingham Research restated a “buy” rating and set a $70.00 price target (up previously from $68.00) on shares of American Airlines Group in a research report on Monday, July 31st. Cowen and Company upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $55.00 to $57.00 in a research report on Monday, July 31st. Finally, BidaskClub downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $53.57.

American Airlines Group Company Profile

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.

Dividend History for American Airlines Group (NASDAQ:AAL)

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