Southwest Airlines (NYSE:LUV) Director Douglas H. Brooks sold 10,000 shares of Southwest Airlines stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $60.05, for a total transaction of $600,500.00. Following the completion of the sale, the director now directly owns 56,269 shares of the company’s stock, valued at approximately $3,378,953.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NYSE:LUV traded down $1.57 on Friday, hitting $55.29. 5,301,864 shares of the company were exchanged, compared to its average volume of 4,880,594. Southwest Airlines has a one year low of $49.76 and a one year high of $66.99. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.70. The company has a market cap of $32,507.81, a price-to-earnings ratio of 15.80, a PEG ratio of 1.40 and a beta of 1.14.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The business’s revenue was up 3.9% compared to the same quarter last year. equities analysts predict that Southwest Airlines will post 4.91 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, March 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.90%. Southwest Airlines’s payout ratio is currently 14.29%.
Several equities research analysts recently issued reports on the stock. Stephens reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Southwest Airlines in a research note on Thursday, March 29th. Morgan Stanley cut their target price on shares of Southwest Airlines from $74.00 to $72.00 and set an “overweight” rating for the company in a research report on Monday, March 26th. Buckingham Research raised shares of Southwest Airlines from a “neutral” rating to a “buy” rating and set a $106.00 target price for the company in a research report on Thursday, March 22nd. They noted that the move was a valuation call. UBS cut their target price on shares of Southwest Airlines from $75.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, March 22nd. Finally, Zacks Investment Research lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $70.60.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Certified Advisory Corp bought a new stake in Southwest Airlines in the fourth quarter valued at about $2,529,000. Ackerman Capital Advisors LLC acquired a new position in Southwest Airlines in the fourth quarter valued at about $360,000. Xact Kapitalforvaltning AB boosted its position in Southwest Airlines by 5.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 39,219 shares of the airline’s stock valued at $2,567,000 after buying an additional 1,908 shares in the last quarter. William Blair Investment Management LLC boosted its position in Southwest Airlines by 133.1% in the fourth quarter. William Blair Investment Management LLC now owns 666,708 shares of the airline’s stock valued at $43,636,000 after buying an additional 380,673 shares in the last quarter. Finally, OLD Mutual Customised Solutions Proprietary Ltd. boosted its position in Southwest Airlines by 76.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,800 shares of the airline’s stock valued at $772,000 after buying an additional 5,100 shares in the last quarter. 80.09% of the stock is currently owned by institutional investors and hedge funds.
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About Southwest Airlines
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, Turks, and Chaos.
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