Various institutional investors and hedge funds have changed their investments in Southwest Airlines (LUV). The State of Alaska increased its shares by 0.6% to 64,743 shares worth $1.89 million after buying 370 more shares. Brookstone Capital Management raised its stake by 5.0% to 8,055 shares worth $235,000 after acquiring 382 shares. GPS Wealth Strategies boosted its investment by 35.4% to 1,487 shares valued at $43,000 after 389 more shares were purchased. Oregon Public Employees Retirement Fund raised its holdings by 0.8% to 51,395 shares worth $1.47 million after buying 416 shares. Versant Capital Management increased its position by 42.6% to 1,412 shares worth $40,000 after buying 422 shares. Overall, institutional investors own 80.82% of the company.
Analyst Ratings Changes
Recently, analysts have provided updates on Southwest Airlines. Citigroup lowered its price target from $29 to $28.25, giving it a neutral rating. Evercore ISI upgraded the stock from in-line to outperform and raised its target to $35. Sanford C. Bernstein decreased their price target from $26 to $24, maintaining a market perform rating. Jefferies raised their target from $20 to $24, rating it underperform. Barclays increased their target from $26 to $27, giving it an equal weight rating. In total, four analysts recommend selling, nine hold, and four buy, resulting in a consensus Hold rating with a target of $29.
View Our Latest Stock Report on LUV
Insider Activity at Southwest Airlines
Recently, Director Rakesh Gangwal purchased 643,788 shares at an average price of $29.98 each, totaling about $19.3 million. He now owns 3,606,311 shares worth approximately $108.12 million. This transaction was reported to the SEC. Corporate insiders hold 0.33% of the stock.
Southwest Airlines Price Performance
As of Thursday, LUV opened at $29.57, with a market cap of $17.70 billion, a PE ratio of 46.94, and a beta of 1.17. The 52-week range is $21.91 to $35.18. The stock has a quick ratio of 0.85, a current ratio of 0.90, and a debt-to-equity ratio of 0.48. Its 50-day moving average is $27.81, and the 200-day average is $27.89.
Southwest Airlines reported $0.58 EPS in its last quarterly earnings, exceeding estimates of $0.51. Revenue was $7.40 billion, compared to the expected $7.32 billion, with a return on equity of 5.92% and a net margin of 0.41%. Analysts predict an EPS of $0.24 for the current fiscal year.
Southwest Airlines Announces Dividend
The company declared a quarterly dividend of $0.18, paid on September 25, to shareholders recorded on September 4. This yields an annualized dividend of $0.72, giving a yield of 2.43%. The current dividend payout ratio is 114.29%.
Southwest Airlines Company Profile
Southwest Airlines operates scheduled air transport services in the U.S. and nearby international markets, with 817 Boeing 737s serving 121 destinations.
Recommended Stories
- Five stocks we like better than Southwest Airlines
- Comparing and Trading High PE Ratio Stocks
- S&P 500 Hitting Resistance: These 3 Stocks Offer the Best Upside
- Dividend Payout Ratio Calculator
- Nikes Post-Earnings Drop Presents a Buying Opportunity
- Which Wall Street Analysts are the Most Accurate?
- Microsofts Targeted Upside Might Be Too Good to Ignore
Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com for the latest 13F filings and insider trades for Southwest Airlines Co. (NYSE:LUV).
Receive News & Ratings for Southwest Airlines Daily – Enter your email below for a daily summary of the latest news and ratings for Southwest Airlines and related companies with MarketBeat.com’s FREE daily email newsletter.
`
