Traders Sell Shares of Southwest Airlines (LUV) on Strength (LUV)

Investors sold shares of Southwest Airlines Co (NYSE:LUV) on strength during trading on Thursday. $33.41 million flowed into the stock on the tick-up and $72.63 million flowed out of the stock on the tick-down, for a money net flow of $39.22 million out of the stock. Of all stocks tracked, Southwest Airlines had the 29th highest net out-flow for the day. Southwest Airlines traded up $0.62 for the day and closed at $62.71

LUV has been the subject of several analyst reports. Cowen dropped their price target on shares of Southwest Airlines from $65.00 to $63.00 and set an “outperform” rating for the company in a research note on Monday, June 4th. Deutsche Bank dropped their price target on shares of Southwest Airlines from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Monday, June 11th. Edward Jones raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Tuesday, June 12th. Buckingham Research dropped their price target on shares of Southwest Airlines from $68.00 to $66.00 and set a “buy” rating for the company in a research note on Wednesday, June 13th. Finally, Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating and dropped their price target for the company from $66.99 to $49.76 in a research note on Friday, June 15th. Four analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $69.53.

The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $35.33 billion, a price-to-earnings ratio of 18.01, a P/E/G ratio of 1.23 and a beta of 1.10.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 26th. The airline reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.23 by $0.03. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.75 billion. Southwest Airlines had a net margin of 16.90% and a return on equity of 22.16%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company posted $1.24 EPS. analysts predict that Southwest Airlines Co will post 4.19 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 12th. Investors of record on Wednesday, August 22nd were given a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 21st. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.02%. Southwest Airlines’s payout ratio is currently 18.29%.

In related news, SVP Mark R. Shaw sold 4,910 shares of the stock in a transaction that occurred on Monday, July 30th. The shares were sold at an average price of $58.35, for a total transaction of $286,498.50. Following the completion of the transaction, the senior vice president now owns 11,546 shares of the company’s stock, valued at approximately $673,709.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Andrew M. Watterson sold 6,130 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $59.28, for a total transaction of $363,386.40. Following the sale, the executive vice president now owns 16,597 shares in the company, valued at $983,870.16. The disclosure for this sale can be found here. Insiders have sold a total of 11,470 shares of company stock valued at $674,941 in the last ninety days. 0.23% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC lifted its holdings in Southwest Airlines by 19.0% during the 2nd quarter. AE Wealth Management LLC now owns 5,432 shares of the airline’s stock worth $276,000 after buying an additional 869 shares in the last quarter. Lucia Wealth Services LLC lifted its holdings in Southwest Airlines by 22.7% during the 2nd quarter. Lucia Wealth Services LLC now owns 4,854 shares of the airline’s stock worth $247,000 after buying an additional 898 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in Southwest Airlines by 0.4% during the 2nd quarter. CIBC Asset Management Inc now owns 228,478 shares of the airline’s stock worth $11,625,000 after buying an additional 956 shares in the last quarter. Telos Capital Management Inc. lifted its holdings in Southwest Airlines by 2.9% during the 2nd quarter. Telos Capital Management Inc. now owns 34,775 shares of the airline’s stock worth $1,769,000 after buying an additional 972 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust lifted its holdings in Southwest Airlines by 10.0% during the 2nd quarter. New Jersey Better Educational Savings Trust now owns 11,000 shares of the airline’s stock worth $560,000 after buying an additional 1,000 shares in the last quarter. Institutional investors own 77.97% of the company’s stock.

About Southwest Airlines (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.

Read More: Understanding Price to Earnings Ratio (PE)

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