Investors sold shares of Southwest Airlines Co (NYSE:LUV) on strength during trading on Tuesday. $41.99 million flowed into the stock on the tick-up and $129.15 million flowed out of the stock on the tick-down, for a money net flow of $87.16 million out of the stock. Of all stocks tracked, Southwest Airlines had the 9th highest net out-flow for the day. Southwest Airlines traded up $0.03 for the day and closed at $52.79

A number of research firms have recently issued reports on LUV. Macquarie raised shares of Southwest Airlines to an “outperform” rating in a research report on Tuesday, September 18th. ValuEngine raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Imperial Capital reissued an “outperform” rating and set a $66.00 price objective (up previously from $60.00) on shares of Southwest Airlines in a research report on Thursday, September 27th. Zacks Investment Research cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Finally, Buckingham Research increased their price objective on shares of Southwest Airlines from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and fifteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $65.65.

The stock has a market cap of $29.62 billion, a price-to-earnings ratio of 15.08, a PEG ratio of 1.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.65 and a current ratio of 0.71.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, October 25th. The airline reported $1.08 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.02. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. The business had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.56 billion. During the same quarter last year, the firm earned $0.88 EPS. Equities analysts predict that Southwest Airlines Co will post 4.13 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Wednesday, December 5th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.64 annualized dividend and a yield of 1.21%. Southwest Airlines’s payout ratio is 18.29%.

In related news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $52.35, for a total value of $50,046.60. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.23% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in LUV. TIAA CREF Investment Management LLC lifted its position in Southwest Airlines by 110.8% in the 3rd quarter. TIAA CREF Investment Management LLC now owns 3,496,061 shares of the airline’s stock valued at $218,329,000 after acquiring an additional 1,837,517 shares in the last quarter. Impala Asset Management LLC increased its stake in Southwest Airlines by 5,662.8% in the 3rd quarter. Impala Asset Management LLC now owns 1,710,796 shares of the airline’s stock valued at $106,839,000 after buying an additional 1,681,109 shares during the last quarter. FMR LLC increased its stake in Southwest Airlines by 11.8% in the 3rd quarter. FMR LLC now owns 12,725,686 shares of the airline’s stock valued at $794,719,000 after buying an additional 1,343,228 shares during the last quarter. Renaissance Technologies LLC purchased a new stake in Southwest Airlines in the 2nd quarter valued at about $55,219,000. Finally, Waddell & Reed Financial Inc. purchased a new stake in Southwest Airlines in the 2nd quarter valued at about $45,543,000. 78.45% of the stock is currently owned by institutional investors and hedge funds.

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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.

See Also: Return on Equity (ROE)

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