Southwest Airlines Co (NYSE:LUV) EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the transaction, the executive vice president now owns 76,993 shares in the company, valued at $4,956,809.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Southwest Airlines Co (NYSE LUV) traded up $1.88 during mid-day trading on Thursday, hitting $64.84. The company had a trading volume of 5,356,293 shares, compared to its average volume of 5,020,000. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The firm has a market cap of $38,480.00, a price-to-earnings ratio of 18.58, a P/E/G ratio of 1.66 and a beta of 1.35. Southwest Airlines Co has a twelve month low of $48.71 and a twelve month high of $66.99.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 EPS. equities research analysts forecast that Southwest Airlines Co will post 3.57 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were paid a dividend of $0.125 per share. The ex-dividend date was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.77%. Southwest Airlines’s payout ratio is currently 14.33%.
A number of institutional investors and hedge funds have recently modified their holdings of LUV. Jaffetilchin Investment Partners LLC bought a new position in shares of Southwest Airlines in the fourth quarter worth $467,000. DnB Asset Management AS grew its stake in shares of Southwest Airlines by 22.6% in the fourth quarter. DnB Asset Management AS now owns 15,167 shares of the airline’s stock worth $993,000 after purchasing an additional 2,800 shares in the last quarter. Atlantic Trust Group LLC grew its stake in shares of Southwest Airlines by 4.3% in the third quarter. Atlantic Trust Group LLC now owns 31,373 shares of the airline’s stock worth $1,757,000 after purchasing an additional 1,294 shares in the last quarter. Parametric Portfolio Associates LLC grew its stake in shares of Southwest Airlines by 4.4% in the third quarter. Parametric Portfolio Associates LLC now owns 1,585,066 shares of the airline’s stock worth $88,732,000 after purchasing an additional 66,544 shares in the last quarter. Finally, TrimTabs Asset Management LLC grew its stake in shares of Southwest Airlines by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock worth $379,000 after purchasing an additional 990 shares in the last quarter. Hedge funds and other institutional investors own 78.55% of the company’s stock.
A number of research firms have commented on LUV. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 target price (up previously from $80.00) on shares of Southwest Airlines in a report on Wednesday. Vetr raised Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target for the company in a research note on Monday, January 1st. ValuEngine downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Barclays reaffirmed a “hold” rating and set a $61.00 price target on shares of Southwest Airlines in a research note on Thursday, September 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $67.93.
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About Southwest Airlines
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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