Traders Sell Southwest Airlines (LUV) on Strength (LUV)
Traders sold shares of Southwest Airlines Co (NYSE:LUV) on strength during trading on Thursday. $52.70 million flowed into the stock on the tick-up and $141.28 million flowed out of the stock on the tick-down, for a money net flow of $88.58 million out of the stock. Of all companies tracked, Southwest Airlines had the 0th highest net out-flow for the day. Southwest Airlines traded up $0.80 for the day and closed at $53.60
Several analysts have issued reports on the company. Goldman Sachs Group assumed coverage on Southwest Airlines in a research note on Monday, November 12th. They set a “neutral” rating and a $61.00 price objective on the stock. Imperial Capital cut their price objective on Southwest Airlines from $66.00 to $56.00 and set an “in-line” rating on the stock in a research note on Friday, October 26th. Morgan Stanley restated a “buy” rating on shares of Southwest Airlines in a research note on Tuesday, August 14th. Wolfe Research upgraded Southwest Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday. Finally, Buckingham Research upped their price objective on Southwest Airlines from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, September 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and sixteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $65.38.
The firm has a market cap of $30.14 billion, a P/E ratio of 14.67, a P/E/G ratio of 1.16 and a beta of 1.23. The company has a quick ratio of 0.65, a current ratio of 0.71 and a debt-to-equity ratio of 0.47.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 5th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Tuesday, December 4th. Southwest Airlines’s dividend payout ratio (DPR) is presently 18.29%.
In other news, Director John T. Montford sold 956 shares of the company’s stock in a transaction that occurred on Monday, November 19th. The stock was sold at an average price of $52.35, for a total transaction of $50,046.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.23% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently modified their holdings of the stock. Norman Fields Gottscho Capital Management LLC grew its holdings in Southwest Airlines by 1.9% in the 3rd quarter. Norman Fields Gottscho Capital Management LLC now owns 45,180 shares of the airline’s stock worth $2,821,000 after buying an additional 855 shares in the last quarter. AE Wealth Management LLC lifted its position in Southwest Airlines by 19.0% in the second quarter. AE Wealth Management LLC now owns 5,432 shares of the airline’s stock worth $276,000 after purchasing an additional 869 shares during the period. IFM Investors Pty Ltd lifted its position in Southwest Airlines by 11.4% in the third quarter. IFM Investors Pty Ltd now owns 8,674 shares of the airline’s stock worth $542,000 after purchasing an additional 888 shares during the period. Lucia Wealth Services LLC lifted its position in Southwest Airlines by 22.7% in the second quarter. Lucia Wealth Services LLC now owns 4,854 shares of the airline’s stock worth $247,000 after purchasing an additional 898 shares during the period. Finally, CIBC Asset Management Inc lifted its position in Southwest Airlines by 0.4% in the second quarter. CIBC Asset Management Inc now owns 228,478 shares of the airline’s stock worth $11,625,000 after purchasing an additional 956 shares during the period. 79.44% of the stock is owned by institutional investors and hedge funds.
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.
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