Alaska Air Group, Inc. (NYSE:ALK) is expected to pay $0.28 on Dec 1, 2016. The indicated annual dividend is $1.10. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Alaska Air Group, Inc.’s current price of $72.71, the dividend is 0.38%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.19% or $0.14 during the last trading session, hitting $72.71. Alaska Air Group, Inc. (NYSE:ALK) has declined 7.12% since April 7, 2016 and is downtrending. It has underperformed by 11.90% the S&P500.
Alaska Air Group, Inc. is the holding firm of Alaska Airlines and Horizon Air (Horizon). The company has a market cap of $9.26 billion. The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. It has a 10.19 P/E ratio. The Company’s Alaska Mainline segment operates the Boeing 737 part of Alaska’s business.
Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.09, from 0.93 in 2016Q1. The ratio is positive, as 67 funds sold all Alaska Air Group, Inc. shares owned while 157 reduced positions. 88 funds bought stakes while 141 increased positions. They now own 106.92 million shares or 7.17% less from 115.17 million shares in 2016Q1.
Crystal Rock Capital Mgmt has invested 1.26% of its portfolio in Alaska Air Group, Inc. (NYSE:ALK). Aviva Pcl owns 18,609 shares or 0.01% of their US portfolio. Srb, a Massachusetts-based fund reported 2,122 shares. Ibm Retirement Fund reported 12,096 shares or 0.03% of all its holdings. Euclid Advsrs Llc owns 3,760 shares or 0.01% of their US portfolio. Amp Cap Ltd reported 42,989 shares or 0.02% of all its holdings. The New York-based One Association has invested 0.14% in Alaska Air Group, Inc. (NYSE:ALK). First Quadrant Lp Ca holds 402,809 shares or 0.52% of its portfolio. Boston Private Wealth Ltd Co last reported 3,622 shares in the company. Profund Advsrs Ltd Llc last reported 3,818 shares in the company. Old Mutual Glob (Uk) Limited has 0.47% invested in the company for 425,985 shares. Quantres Asset holds 47,300 shares or 1.71% of its portfolio. Palisade Mngmt Nj holds 0.06% or 29,600 shares in its portfolio. Moreover, Tanaka Capital has 3.15% invested in Alaska Air Group, Inc. (NYSE:ALK) for 21,035 shares. Louisiana State Employees Retirement System has 0.02% invested in the company for 8,100 shares.
Insider Transactions: Since May 17, 2016, the stock had 0 insider purchases, and 13 sales for $3.31 million net activity. 2,000 shares were sold by TILDEN BRADLEY D, worth $133,436. YOUNG TAMARA S also sold $134,736 worth of Alaska Air Group, Inc. (NYSE:ALK) on Thursday, September 1. $90,528 worth of Alaska Air Group, Inc. (NYSE:ALK) shares were sold by MADSEN DENNIS F. 2,090 shares with value of $155,580 were sold by PEDERSEN BRANDON on Thursday, October 20. On Friday, July 15 ELIASEN MARK G sold $187,460 worth of the stock or 2,884 shares. Another trade for 6,666 shares valued at $499,950 was made by SPRAGUE JOSEPH A on Thursday, October 20.
Alaska Air Group, Inc. (NYSE:ALK) Ratings Coverage
Out of 11 analysts covering Alaska Air Group (NYSE:ALK), 5 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 45% are positive. Alaska Air Group has been the topic of 29 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The rating was maintained by Deutsche Bank with “Hold” on Friday, July 24. On Tuesday, April 5 the stock rating was upgraded by Bank of America to “Neutral”. Deutsche Bank upgraded the shares of ALK in a report on Friday, January 22 to “Buy” rating. The rating was downgraded by Raymond James to “Outperform” on Tuesday, June 14. Cowen & Co maintained it with “Outperform” rating and $97 target price in Friday, December 4 report. The stock has “Underweight” rating given by JP Morgan on Thursday, February 4. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, December 22 report. The company was maintained on Tuesday, August 18 by Cowen & Co. The rating was reinitiated by Cowen & Co on Monday, May 16 with “Outperform”. The stock has “Buy” rating given by Stifel Nicolaus on Friday, October 23.
More notable recent Alaska Air Group, Inc. (NYSE:ALK) news were published by: Wsj.com which released: “Judge Overseeing Lawsuit Over Alaska Air, Virgin America Merger to Move Ahead …” on October 21, 2016, also Reuters.com with their article: “Justice Department in talks with Alaska Air on Virgin deal: sources” published on October 18, 2016, Prnewswire.com published: “Alaska Air Group to Announce Financial Results” on October 13, 2016. More interesting news about Alaska Air Group, Inc. (NYSE:ALK) were released by: Bloomberg.com and their article: “Alaska Air Fends Off JetBlue Plea to U.S. for Prized Cuba Route” published on October 24, 2016 as well as Finance.Yahoo.com‘s news article titled: “Alaska Air Group, Inc. Ejects Passenger Who Catcalled Employee (ALK)” with publication date: October 13, 2016.
ALK Company Profile
Alaska Air Group, Inc., incorporated on March 15, 1985, is the holding firm of Alaska Airlines (Alaska) and Horizon Air (Horizon). The Firm operates through three divisions: Alaska Mainline, Alaska Regional and Horizon. Alaska operates a fleet of passenger jets (mainline) and contracts with Horizon, SkyWest Airlines, Inc. (SkyWest) and Peninsula Airways, Inc. (PenAir) for regional capacity. The Firm serves approximately 100 cities through a network in Alaska, the Lower 48, Hawaii, Canada, Mexico and Costa Rica. The Alaska Airlines Mileage Plan program provides a suite of frequent flier benefits.
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