Southwest Airlines Co. (NYSE:LUV – Get Free Report) Director C. David Cush bought 5,000 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $30.03 per share, with a total value of $150,150.00. Following the acquisition, the director now owns 19,011 shares of the company’s stock, valued at $570,900.33. The trade was a 35.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Southwest Airlines Stock Performance
NYSE:LUV opened at $31.74 on Monday. The company’s 50-day moving average price is $31.12 and its 200-day moving average price is $31.24. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The company has a market cap of $18.81 billion, a P/E ratio of 44.08, a P/E/G ratio of 0.97 and a beta of 1.10. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12.
Southwest Airlines (NYSE:LUV – Get Free Report) last posted its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. On average, sell-side analysts forecast that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.
Southwest Airlines Dividend Announcement
Analyst Ratings Changes
Several analysts recently commented on the stock. Sanford C. Bernstein raised their price target on shares of Southwest Airlines from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. TD Cowen raised their price target on shares of Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Morgan Stanley restated an “overweight” rating and set a $42.00 price target on shares of Southwest Airlines in a research report on Wednesday, December 11th. Argus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $35.00 price target on the stock in a research report on Tuesday, February 11th. Finally, Raymond James raised their price target on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Seven research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.72.
Check Out Our Latest Research Report on LUV
Hedge Funds Weigh In On Southwest Airlines
A number of institutional investors have recently bought and sold shares of LUV. Principal Financial Group Inc. raised its stake in Southwest Airlines by 3.3% during the third quarter. Principal Financial Group Inc. now owns 689,199 shares of the airline’s stock worth $20,421,000 after purchasing an additional 21,805 shares during the period. Atria Investments Inc raised its stake in Southwest Airlines by 30.4% during the third quarter. Atria Investments Inc now owns 23,351 shares of the airline’s stock worth $692,000 after purchasing an additional 5,450 shares during the period. Ashton Thomas Securities LLC purchased a new position in Southwest Airlines during the third quarter worth about $33,000. OVERSEA CHINESE BANKING Corp Ltd raised its stake in Southwest Airlines by 6.6% during the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 11,463 shares of the airline’s stock worth $340,000 after purchasing an additional 714 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Southwest Airlines by 3.3% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 348,389 shares of the airline’s stock valued at $10,323,000 after acquiring an additional 10,987 shares during the period. 80.82% of the stock is owned by hedge funds and other institutional investors.
Southwest Airlines Company Profile
Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten 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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