Southwest Airlines Co (NYSE:LUV) gapped down prior to trading on Friday . The stock had previously closed at $50.49, but opened at $48.99. Southwest Airlines shares last traded at $48.63, with a volume of 212142 shares traded.
A number of research analysts have weighed in on LUV shares. Buckingham Research cut their target price on shares of Southwest Airlines from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Zacks Investment Research lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Morgan Stanley set a $68.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research report on Friday, October 5th. Macquarie set a $67.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research report on Monday, October 8th. Finally, Raymond James cut their price objective on shares of Southwest Airlines from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $61.56.
The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.65 and a current ratio of 0.71. The company has a market capitalization of $27.60 billion, a price-to-earnings ratio of 13.85, a PEG ratio of 0.92 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The firm had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. During the same period in the prior year, the firm earned $0.88 earnings per share. As a group, equities analysts predict that Southwest Airlines Co will post 4.13 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 5th were paid a dividend of $0.16 per share. The ex-dividend date was Tuesday, December 4th. This represents a $0.64 annualized dividend and a dividend yield of 1.32%. Southwest Airlines’s dividend payout ratio (DPR) is currently 18.29%.
In other Southwest Airlines news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $52.35, for a total value of $50,046.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John T. Montford sold 980 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The shares were sold at an average price of $51.27, for a total transaction of $50,244.60. Following the completion of the transaction, the director now directly owns 20,983 shares in the company, valued at $1,075,798.41. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Fulton Bank N.A. raised its holdings in Southwest Airlines by 0.8% in the fourth quarter. Fulton Bank N.A. now owns 29,372 shares of the airline’s stock worth $1,366,000 after purchasing an additional 237 shares during the period. Cornerstone Advisors Inc. raised its holdings in Southwest Airlines by 6.8% in the third quarter. Cornerstone Advisors Inc. now owns 4,572 shares of the airline’s stock worth $286,000 after purchasing an additional 292 shares during the period. Moody National Bank Trust Division raised its holdings in shares of Southwest Airlines by 4.1% during the fourth quarter. Moody National Bank Trust Division now owns 8,331 shares of the airline’s stock worth $387,000 after acquiring an additional 331 shares during the period. Norman Fields Gottscho Capital Management LLC raised its holdings in shares of Southwest Airlines by 1.9% during the third quarter. Norman Fields Gottscho Capital Management LLC now owns 45,180 shares of the airline’s stock worth $2,821,000 after acquiring an additional 855 shares during the period. Finally, State of Alaska Department of Revenue raised its holdings in shares of Southwest Airlines by 1.0% during the fourth quarter. State of Alaska Department of Revenue now owns 85,983 shares of the airline’s stock worth $3,994,000 after acquiring an additional 864 shares during the period. 79.43% of the stock is currently owned by hedge funds and other institutional investors.
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Southwest Airlines Company Profile (NYSE:LUV)
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, and Turks and Caicos.
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