Southwest Airlines Co (NYSE:LUV) Director William H. Dr Cunningham purchased 3,500 shares of the stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $56.25 per share, for a total transaction of $196,875.00. Following the completion of the purchase, the director now directly owns 70,469 shares in the company, valued at approximately $3,963,881.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Southwest Airlines Co (LUV) traded up $0.35 during trading on Tuesday, hitting $57.16. 3,943,299 shares of the stock traded hands, compared to its average volume of 5,540,000. The firm has a market cap of $33,920.00, a price-to-earnings ratio of 9.82, a PEG ratio of 0.99 and a beta of 1.17. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, topping the consensus estimate of $0.76 by $0.01. The company had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. Southwest Airlines’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. sell-side analysts anticipate that Southwest Airlines Co will post 5 earnings per share for the current fiscal year.
Several equities research analysts have issued reports on the stock. Stifel Nicolaus reiterated a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. ValuEngine lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Bank of America lowered shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research note on Tuesday, January 9th. Vetr upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $65.42 price target on the stock in a research note on Thursday, January 25th. Finally, Cowen reiterated a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $67.97.
Institutional investors have recently added to or reduced their stakes in the company. BT Investment Management Ltd boosted its holdings in shares of Southwest Airlines by 43.1% during the 3rd quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after buying an additional 122,892 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of Southwest Airlines by 162.0% during the 4th quarter. State of Alaska Department of Revenue now owns 83,494 shares of the airline’s stock worth $5,462,000 after buying an additional 51,620 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Southwest Airlines by 14.6% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,727 shares of the airline’s stock worth $5,023,000 after buying an additional 11,398 shares during the period. Kalos Management Inc. bought a new stake in shares of Southwest Airlines during the 3rd quarter worth about $2,328,000. Finally, Rational Advisors LLC boosted its holdings in shares of Southwest Airlines by 27.1% during the 3rd quarter. Rational Advisors LLC now owns 17,800 shares of the airline’s stock worth $997,000 after buying an additional 3,800 shares during the period. Institutional investors own 77.97% of the company’s stock.
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Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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