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Southwest Airlines (NYSE:LUV) was downgraded by stock analysts at Edward Jones from a “buy” rating to a “hold” rating in a report issued on Thursday.

Shares of Southwest Airlines (NYSE:LUV) traded down 0.56% during mid-day trading on Thursday, hitting $32.05. The stock had a trading volume of 3,656,665 shares. Southwest Airlines has a 52-week low of $12.64 and a 52-week high of $32.43. The stock’s 50-day moving average is $29.0 and its 200-day moving average is $25.66. The company has a market cap of $21.959 billion and a P/E ratio of 20.83.

Southwest Airlines (NYSE:LUV) last released its earnings data on Thursday, July 24th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.10. The company had revenue of $5.01 billion for the quarter, compared to the consensus estimate of $4.92 billion. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, analysts predict that Southwest Airlines will post $1.78 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Friday, September 12th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Tuesday, August 19th.

In other Southwest Airlines news, Director Daniel D. Villanueva unloaded 10,000 shares of the company’s stock on the open market in a transaction dated Friday, August 22nd. The shares were sold at an average price of $31.73, for a total value of $317,300.00. The transaction was disclosed in a filing with the SEC, which is available at this link.

A number of other analysts have also recently weighed in on LUV. Analysts at Evercore Partners raised their price target on shares of Southwest Airlines from $32.00 to $35.00 in a research note on Monday. Separately, analysts at Zacks reiterated an “outperform” rating on shares of Southwest Airlines in a research note on Friday, August 8th. They now have a $34.00 price target on the stock. Finally, analysts at Argus raised their price target on shares of Southwest Airlines from $28.00 to $34.00 in a research note on Thursday, July 31st. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Southwest Airlines has an average rating of “Buy” and an average target price of $31.96.

Southwest Airlines Co operates Southwest Airlines and AirTran Airways, passenger airlines that provide scheduled air transportation in the United States and near-international markets.

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