Shares of Southwest Airlines Co. (NYSE:LUV) have earned a consensus rating of “Buy” from the sixteen research firms that are currently covering the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $45.35.
LUV has been the subject of a number of research reports. Credit Suisse Group AG set a $48.00 target price on shares of Southwest Airlines and gave the stock a “buy” rating in a report on Monday, September 12th. Evercore ISI upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and reduced their target price for the stock from $47.00 to $37.36 in a report on Tuesday, July 26th. Vetr upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $38.64 target price for the company in a report on Tuesday, September 6th. Morgan Stanley restated a “hold” rating and set a $43.00 target price on shares of Southwest Airlines in a report on Sunday, August 21st. Finally, JPMorgan Chase & Co. cut shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $52.50 to $34.00 in a report on Wednesday, July 27th.
In related news, COO De Ven Michael G. Van acquired 4,200 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average price of $35.77 per share, for a total transaction of $150,234.00. Following the acquisition, the chief operating officer now owns 183,245 shares in the company, valued at approximately $6,554,673.65. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gary C. Kelly acquired 28,106 shares of the company’s stock in a transaction dated Tuesday, August 2nd. The shares were bought at an average price of $35.58 per share, for a total transaction of $1,000,011.48. Following the acquisition, the insider now owns 505,119 shares in the company, valued at approximately $17,972,134.02. The disclosure for this purchase can be found here. 0.18% of the stock is currently owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of LUV. Rench Wealth Management Inc. increased its position in Southwest Airlines by 0.3% in the second quarter. Rench Wealth Management Inc. now owns 5,305 shares of the airline’s stock valued at $208,000 after buying an additional 14 shares during the last quarter. Shell Asset Management Co. increased its position in Southwest Airlines by 0.4% in the second quarter. Shell Asset Management Co. now owns 7,745 shares of the airline’s stock valued at $304,000 after buying an additional 32 shares during the last quarter. Trust Investment Advisors increased its position in Southwest Airlines by 0.3% in the second quarter. Trust Investment Advisors now owns 16,575 shares of the airline’s stock valued at $650,000 after buying an additional 50 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD increased its position in Southwest Airlines by 0.4% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 16,469 shares of the airline’s stock valued at $645,000 after buying an additional 60 shares during the last quarter. Finally, Apex Capital Management raised its stake in shares of Southwest Airlines by 0.4% in the first quarter. Apex Capital Management now owns 15,978 shares of the airline’s stock valued at $716,000 after buying an additional 65 shares during the period. Institutional investors own 78.34% of the company’s stock.
Shares of Southwest Airlines (NYSE:LUV) opened at 37.24 on Wednesday. The stock’s 50 day moving average price is $37.02 and its 200-day moving average price is $40.91. The firm has a market capitalization of $23.10 billion, a P/E ratio of 9.88 and a beta of 0.84. Southwest Airlines has a 12-month low of $33.96 and a 12-month high of $51.34.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 21st. The airline reported $1.19 EPS for the quarter, missing the Zacks’ consensus estimate of $1.21 by $0.02. Southwest Airlines had a net margin of 11.95% and a return on equity of 34.25%. The company had revenue of $5.38 billion for the quarter, compared to analyst estimates of $5.41 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Southwest Airlines’s revenue was up 5.3% compared to the same quarter last year. On average, equities analysts expect that Southwest Airlines will post $3.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 18th were issued a $0.10 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.40 annualized dividend and a yield of 1.07%. Southwest Airlines’s dividend payout ratio (DPR) is presently 10.61%.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.
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