Insider Selling: Southwest Airlines (NYSE:LUV) Director Sells 10,000 Shares of Stock

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION NOTICE: “Insider Selling: Southwest Airlines (NYSE:LUV) Director Sells 10,000 Shares of Stock” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/08/insider-selling-southwest-airlines-co-luv-director-sells-600500-00-in-stock.html.

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.

Insider Buying and Selling by Quarter for Southwest Airlines (NYSE:LUV)

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply