Wellington Management Group LLP Has $131.95 Million Stock Position in Ryanair Holdings PLC $RYAAY

Key Points

• Wellington Management Group LLP reduced its stake in Ryanair Holdings PLC by 4.4%, now holding approximately $131.95 million worth, indicating a shift in institutional investments.
• Ryanair reported impressive quarterly earnings of $1.74 EPS, exceeding forecasts and showing a strong return on equity of 27.91% with revenues reaching $5.07 billion.
• The company has increased its dividend to $0.534, demonstrating a commitment to shareholder returns, with a current payout ratio of 23.47%.

Wellington Management Group LLP trimmed its holdings in Ryanair Holdings PLC (NASDAQ:RYAAY - Free Report) by 4.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,114,129 shares of the transportation company's stock after selling 143,045 shares during the quarter. Wellington Management Group LLP owned about 0.59% of Ryanair worth $131,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in RYAAY. Golden State Wealth Management LLC lifted its holdings in Ryanair by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 962 shares of the transportation company's stock valued at $41,000 after purchasing an additional 481 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Ryanair during the first quarter valued at about $48,000. CWM LLC increased its holdings in Ryanair by 39.8% in the 1st quarter. CWM LLC now owns 1,191 shares of the transportation company's stock worth $50,000 after buying an additional 339 shares during the period. Brooklyn Investment Group boosted its position in Ryanair by 260.5% in the 1st quarter. Brooklyn Investment Group now owns 1,424 shares of the transportation company's stock worth $60,000 after purchasing an additional 1,029 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Ryanair by 13.2% during the 1st quarter. GAMMA Investing LLC now owns 2,278 shares of the transportation company's stock valued at $97,000 after buying an additional 265 shares in the last quarter. Hedge funds and other institutional investors own 43.66% of the company's stock.

Ryanair Stock Down 4.8%

Shares of RYAAY traded down $3.20 during trading on Wednesday, reaching $62.75. The company's stock had a trading volume of 901,612 shares, compared to its average volume of 1,529,014. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.02. The company has a market cap of $33.28 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.08 and a beta of 1.36. Ryanair Holdings PLC has a twelve month low of $38.52 and a twelve month high of $67.18. The company has a fifty day moving average of $60.95 and a two-hundred day moving average of $52.80.

Ryanair (NASDAQ:RYAAY - Get Free Report) last issued its quarterly earnings data on Monday, July 21st. The transportation company reported $1.74 EPS for the quarter, topping analysts' consensus estimates of $1.49 by $0.25. Ryanair had a return on equity of 27.91% and a net margin of 14.42%.The firm had revenue of $5.07 billion during the quarter, compared to the consensus estimate of $4.16 billion. On average, sell-side analysts predict that Ryanair Holdings PLC will post 3.09 EPS for the current fiscal year.

Ryanair Increases Dividend

The firm also recently disclosed a -- dividend, which will be paid on Thursday, September 25th. Investors of record on Friday, August 8th will be paid a $0.534 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a yield of 120.0%. This is an increase from Ryanair's previous -- dividend of $0.47. Ryanair's dividend payout ratio (DPR) is currently 14.55%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on RYAAY shares. Raymond James Financial reaffirmed a "strong-buy" rating and issued a $76.00 target price (up from $70.00) on shares of Ryanair in a research note on Wednesday, July 23rd. Oddo Bhf upgraded Ryanair from an "underperform" rating to an "outperform" rating in a research note on Wednesday, July 16th. Wall Street Zen upgraded Ryanair from a "buy" rating to a "strong-buy" rating in a research note on Saturday, July 26th. Citigroup reiterated a "buy" rating on shares of Ryanair in a research note on Wednesday, May 21st. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Ryanair in a research note on Wednesday, May 21st. Two research analysts have rated the stock with a Strong Buy rating and six have given a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $111.50.

About Ryanair

Ryanair Holdings plc, together with its subsidiaries, provides scheduled-passenger airline services in Ireland, the United Kingdom, Italy, Spain, and internationally. It is also involved in the provision of various ancillary services, such as non-flight scheduled and Internet-related services, as well as in-flight sale of beverages, food, duty-free, and merchandise; and markets car hire, travel insurance, and accommodation services through its website and mobile app.