Shares of Southwest Airlines Company (NYSE:LUV) have been given a consensus recommendation of “Buy” by the twenty research firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $67.23.
A number of analysts recently issued reports on LUV shares. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Vetr cut Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 target price for the company. in a research note on Friday, September 22nd. Morgan Stanley set a $64.00 target price on Southwest Airlines and gave the stock a “buy” rating in a research note on Thursday, August 17th. Deutsche Bank AG reissued a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research note on Friday, October 27th. Finally, BidaskClub cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Sunday, July 30th.
Shares of Southwest Airlines (LUV) traded down $0.35 during trading hours on Friday, hitting $55.09. 3,260,000 shares of the company were exchanged, compared to its average volume of 4,590,000. The firm has a market cap of $32,690.00, a P/E ratio of 15.75, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. Southwest Airlines has a 1-year low of $44.70 and a 1-year high of $64.39.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be paid a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.
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In other news, Director John T. Montford sold 935 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio raised its position in shares of Southwest Airlines by 0.3% during the third quarter. Public Employees Retirement System of Ohio now owns 441,505 shares of the airline’s stock worth $24,715,000 after purchasing an additional 1,455 shares during the period. Moors & Cabot Inc. grew its holdings in Southwest Airlines by 50.1% during the third quarter. Moors & Cabot Inc. now owns 14,410 shares of the airline’s stock worth $807,000 after buying an additional 4,807 shares in the last quarter. Belpointe Asset Management LLC bought a new stake in Southwest Airlines during the third quarter worth $381,000. IFM Investors Pty Ltd bought a new stake in Southwest Airlines during the third quarter worth $286,000. Finally, Neuberger Berman Group LLC grew its holdings in Southwest Airlines by 13.1% during the third quarter. Neuberger Berman Group LLC now owns 113,092 shares of the airline’s stock worth $6,331,000 after buying an additional 13,073 shares in the last quarter. 79.78% of the stock is currently owned by institutional investors.
About Southwest Airlines
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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