Insider Selling: International Consolidated Airlns Grp SA (IAG) Insider Sells 350,000 Shares of Stock

International Consolidated Airlns Grp SA (LON:IAG) insider William Matthew Walsh sold 350,000 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of GBX 503 ($6.57), for a total value of £1,760,500 ($2,300,405.07).

William Matthew Walsh also recently made the following trade(s):

  • On Tuesday, May 14th, William Matthew Walsh sold 50,000 shares of International Consolidated Airlns Grp stock. The shares were sold at an average price of GBX 506 ($6.61), for a total value of £253,000 ($330,589.31).

Shares of IAG stock opened at GBX 508 ($6.64) on Thursday. International Consolidated Airlns Grp SA has a 12 month low of GBX 487 ($6.36) and a 12 month high of GBX 727 ($9.50). The company has a current ratio of 0.91, a quick ratio of 0.78 and a debt-to-equity ratio of 111.74. The firm has a market capitalization of $10.08 billion and a price-to-earnings ratio of 3.17.

The company also recently disclosed a dividend, which will be paid on Monday, July 8th. Shareholders of record on Thursday, July 4th will be issued a €0.52 ($0.60) dividend. The ex-dividend date is Thursday, July 4th. This represents a yield of 7.33%. This is a positive change from International Consolidated Airlns Grp’s previous dividend of $0.15. International Consolidated Airlns Grp’s payout ratio is currently 0.17%.

Several research analysts have weighed in on IAG shares. Berenberg Bank reiterated a “buy” rating and issued a GBX 780 ($10.19) price target on shares of International Consolidated Airlns Grp in a report on Friday, January 25th. Sanford C. Bernstein set a GBX 750 ($9.80) price target on International Consolidated Airlns Grp and gave the company a “buy” rating in a report on Thursday, January 24th. Liberum Capital reiterated a “buy” rating on shares of International Consolidated Airlns Grp in a report on Tuesday, February 12th. Credit Suisse Group set a GBX 780 ($10.19) price target on International Consolidated Airlns Grp and gave the company a “buy” rating in a report on Monday, February 11th. Finally, Barclays set a GBX 700 ($9.15) price target on International Consolidated Airlns Grp and gave the company a “buy” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of GBX 695.36 ($9.09).

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About International Consolidated Airlns Grp

International Consolidated Airlines Group, SA, together with its subsidiaries, engages in the provision of passenger and cargo transportation services in the United Kingdom, Spain, Ireland, the United States, and rest of the world. The company operates under the British Airways, Iberia, Vueling, LEVEL, and Aer Lingus brands.

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