It is trading at $30.50 marginally over the 50 day moving average which is $29.02 and which is just over the 200 day moving average of $27.00. The 50 day moving average went up by +5.09% and the 200 day average was up $3.50. Trading was light with 12K shares changing hands in the last trading session. Trading volume was down 67.67% under the stocks average daily volume.
The following firms have also recently changed their position in CEA. As of quarter end Bank Of Montreal /can/ had acquired 14,422 shares growing its position 282.8%. The value of the investment in China Eastern Airlines Corporat went from $146,000 to $597,000 increasing 308.9% quarter to quarter. As of the end of the quarter Morgan Stanley had sold a total of 945 shares trimming its stake by 92.9%. The value of the investment in (CEA) decreased from $23,000 to $2,000 a change of 91.3% quarter over quarter.
Bank Of America Corp /de/ expanded its investment by buying 17,299 shares an increase of 13.3% in the quarter. Bank Of America Corp /de/ currently owns 147,075 shares valued at $4,206,000. The total value of its holdings increased 45.0%. As of quarter end Barclays PLC had bought 5,350 shares growing its holdings by 10,700.0%. The value of the investment in CEA increased from $1,000 to $154,000 a change of $153,000 since the last quarter.
Equity analyst Goldman Sachs began coverage of the stock with a rating of “Buy”.
The company is now up since yesterday’s close of $29.72. Additionally the company recently announced a dividend for shareholders payable on Monday August 21st, 2017. The dividend will be $0.178 per share for the quarter or $0.71 on an annualized basis. This dividend amount will represent a yeild of $2.35. The ex-dividend date will be Thursday June 29th, 2017.
China Eastern Airlines Corporat currently has a P/E ratio of 12.45 and market capitalization is 8.83B.
China Eastern Airlines Corporation Limited, launched on April 14, 1995, is an air carrier. The Company and its subsidiaries are engaged in the operation of civil aviation, including the provision of passenger, cargo, mail delivery, tour operations and other extended transportation services. The Company operates through the airline transportation operations segment. The Business’s other services cargo handling, air catering and other miscellaneous services. The Company operates a fleet of over 550 aircraft, including 530 passenger aircraft, most with a seating capacity of over 100 seats, nine freighters and 20 business aircraft held under trust..