Northwestern Mutual Wealth Management Co. lowered its holdings in American Airlines Group, Inc. (NASDAQ:AAL) by 15.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,799 shares of the airline’s stock after selling 1,938 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American Airlines Group were worth $543,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of AAL. Primecap Management Co. CA raised its stake in American Airlines Group by 3.4% during the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after buying an additional 1,524,040 shares in the last quarter. BlackRock Inc. raised its stake in American Airlines Group by 4,435.0% during the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after buying an additional 27,977,045 shares in the last quarter. FMR LLC raised its stake in American Airlines Group by 56.3% during the first quarter. FMR LLC now owns 26,825,165 shares of the airline’s stock valued at $1,134,705,000 after buying an additional 9,667,389 shares in the last quarter. Geode Capital Management LLC raised its stake in American Airlines Group by 7.6% during the first quarter. Geode Capital Management LLC now owns 5,297,036 shares of the airline’s stock valued at $223,815,000 after buying an additional 375,764 shares in the last quarter. Finally, LSV Asset Management raised its stake in American Airlines Group by 8.7% during the second quarter. LSV Asset Management now owns 3,424,746 shares of the airline’s stock valued at $172,333,000 after buying an additional 274,264 shares in the last quarter. 81.53% of the stock is owned by hedge funds and other institutional investors.

In related news, EVP Maya Leibman sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $47.97, for a total value of $479,700.00. Following the completion of the transaction, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Elise R. Eberwein sold 50,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the completion of the transaction, the executive vice president now owns 312,368 shares of the company’s stock, valued at approximately $15,727,728.80. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) opened at 46.18 on Friday. The company has a 50-day moving average price of $47.03 and a 200-day moving average price of $46.75. The company has a market capitalization of $22.49 billion, a price-to-earnings ratio of 11.46 and a beta of 0.98. American Airlines Group, Inc. has a one year low of $33.90 and a one year high of $54.48.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $11.11 billion during the quarter, compared to analysts’ expectations of $11.08 billion. During the same quarter in the previous year, the company posted $1.77 earnings per share. American Airlines Group’s quarterly revenue was up 7.2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group, Inc. will post $4.86 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 28th. Stockholders of record on Monday, August 14th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend was Thursday, August 10th. American Airlines Group’s dividend payout ratio (DPR) is currently 9.88%.

Several analysts have issued reports on the company. Morgan Stanley restated an “equal weight” rating and set a $54.00 price objective (up previously from $53.00) on shares of American Airlines Group in a research note on Monday, July 17th. Citigroup Inc. upped their price objective on American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a research note on Thursday, July 13th. Sanford C. Bernstein restated a “market perform” rating and set a $52.00 price objective on shares of American Airlines Group in a research note on Thursday, July 13th. BidaskClub upgraded American Airlines Group from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 8th. Finally, Imperial Capital restated an “in-line” rating and set a $49.00 price objective (up previously from $43.00) on shares of American Airlines Group in a research note on Sunday, July 23rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $57.28.

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American Airlines Group 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.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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