According to Finviz reported data, the stock now has Earnings per Share (EPS) (ttm) of $-2.14. For LUV, the company now has $1.68 Billion of cash on the books, which is offset by $566 Million current liabilities. The stock grabbed 88 new institutional investments totaling 14,858,845 shares while 68 institutional investors sold out their entire positions totaling 5,836,340 shares. Southwest Airlines Company's dividend payout ratio (DPR) is presently 11.40%. Airlines have benefited tremendously from the lower oil prices during the last three years. Sumitomo Mitsui Asset Management Company LTD now owns 16,469 shares of the airline's stock valued at $645,000 after buying an additional 60 shares during the last quarter.
Amid this news, the stocks of the airline stocks jumped with large trading volumes.
Alcoa Inc. (NYSE:AA) belongs to Industrial Products sector closed its last session with a gain of 0.47 percent and closed its previous trading session at $38.48. For the next 5 years, Southwest Airlines Co.is expecting Growth of 10.49% per annum, whereas in the past 5 years the growth was 65.77% per annum. Following the transaction, the chief financial officer now owns 77,937 shares of the company's stock, valued at $4,036,357.23. (NYSE:LUV). The company has a four bull technical rating which indicates some strength. Following the completion of the transaction, the executive vice president now directly owns 117,188 shares in the company, valued at $5,636,742.80. Finally, Shelton Capital Management increased its position in shares of Southwest Airlines Company by 25.7% in the second quarter. (NYSE:LUV), with 8 analysts believing it is a strong buy. The company reported the earnings of $0.75/Share in the last quarter where the estimated EPS by analysts was $0.7/share.
Southwest Airlines Co. (NYSE:LUV) is over 9% above analysts' consensus price target of US$62.07. The Return on Equity (ROE) value stands at 28.2%. The business's quarterly revenue was down 3.4% on a year-over-year basis.
Several analysts have released their opinion on Southwest Airlines Co. Shareholders of record on Thursday, March 9th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.70%. The ex-dividend date was Tuesday, December 6th. Southwest Airlines Company's dividend payout ratio is now 11.33%. (NASDAQ:AAL) witnessed a decline in the market cap on Tuesday as its shares dropped 1.77% or 0.84 points. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of US and global copyright laws. The original version of this article can be viewed at https://www.com-unik.info/2017/02/16/southwest-airlines-company-luv-downgraded-by-vetr-inc-to-hold.html. The number of analysts agreeing with this consensus is 11. The stock has blown through analysts' low price target of US$45, but is still below the high US$65 target. Imperial Capital raised their price target on shares of Southwest Airlines Company from $59.00 to $63.00 and gave the company an "outperform" rating in a report on Friday, January 27th. Finally, Morgan Stanley restated an "equal weight" rating on shares of Southwest Airlines Company in a research report on Friday, December 16th. These analysts and investment firms use various valuation methods to decide a price target for a stock. (NYSE:MET) as "STRONG BUY", 6 rated as "BUY" and 7 issued a "HOLD" rating. The stock lost -0.75% in total of its share price. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The disclosure for this sale can be found here. (NYSE:LUV) is 1.82. The Average Volume (3 months) is 5.45 Million.
Multiple company employees have indulged in significant insider trading. American Airlines Group Inc was Upgraded by Bernstein to Mkt Perform on Feb 6, 2017.
From its first flights on June 18, 1971, Southwest Airlines launched an era of unprecedented affordability in air travel described by the U.S. Department of Transportation as "The Southwest Effect", a lowering of fares and increase in passenger traffic whenever the carrier enters new markets.