Active Stock within Traders Observation: Southwest Airlines Co. (LUV)

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30 July, 2017

12,374 Southwest Airlines Co (NYSE:LUV) shares with value of $713,499 were sold by KELLY GARY C. $1.21 million worth of Southwest Airlines Co (NYSE:LUV) was sold by Lamb Jeff on Thursday, May 25. Gateway Investment Advisers LLC's holdings in Southwest Airlines were worth $2,393,000 as of its most recent SEC filing. It fall, as 71 investors sold LUV shares while 296 reduced holdings.

"Our Consumers' passion for Southwest keeps us going strong in Indianapolis, and our addition of nonstop service to Cancun is another example of providing the service Consumers are asking for", stated Katherine Findlay, a Southwest Airlines Vice President and executive sponsor of Indianapolis, during a news conference at Indianapolis International Airport.

Southwest Airlines Co. (LUV) failed to surprise the stock market in its last reported earnings when it earned $0.61 a piece versus the consensus-estimated $0.63. BlackRock upped its stake in Southwest Airlines by 4,163.3% in the Q1. Macquarie Group Ltd. now owns 313,743 shares of the airline's stock valued at $15,637,000 after buying an additional 108,212 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Southwest Airlines by 37.2% in the fourth quarter. Vanguard Group Inc. now owns 38,498,787 shares of the airline's stock worth $2,069,695,000 after buying an additional 286,456 shares during the period. Finally, Teachers Advisors LLC increased its stake in Southwest Airlines by 1.6% in the fourth quarter. Ameriprise Financial Inc. now owns 7,809,175 shares of the airline's stock valued at $419,796,000 after buying an additional 3,477,912 shares during the period. Investors acquired 26,298 call options on the stock.

Shares of Southwest Airlines Company (LUV) traded down 0.02% on Friday, reaching $56.56. The firm has a market capitalization of $34.21 billion, a price-to-earnings ratio of 16.97 and a beta of 1.29. The firm has a 50 day moving average of $60.95 and a 200 day moving average of $56.90. The stock of Southwest Airlines Co (NYSE:LUV) earned "Outperform" rating by Credit Suisse on Tuesday, April 12.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 27th. The stock declined 1.43% or $0.81 reaching $55.76 per share. The company had revenue of $5.74 billion for the quarter, compared to analysts' expectations of $5.73 billion. Southwest Airlines had a ROE of 26.75% and a net profit margin of 10.16%. the business reported sales of $5.74 B for the period, compared to analysts' anticipations of $5.73 B. for the same period in the previous fiscal year, company reported $1.19 EPS.

Quarterly Revenue growth year over year is 1.2 Percent. During the same period in the prior year, the firm posted $1.19 earnings per share. Equities research analysts expect that Southwest Airlines Company will post $3.89 earnings per share for the current year.

Southwest Airlines declared that its board has approved a stock repurchase plan on Wednesday, May 17th that permits the company to repurchase $2.00 billion in shares. This repurchase authorization allows the airline to repurchase up to 5.8% of its stock through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued. Investors of record on Wednesday, June 7th were issued a $0.125 dividend. Hartline Inv has invested 0.33% in Southwest Airlines Co (NYSE:LUV). Now it is offering a dividend yield of 0.84% and a 5 year dividend growth rate of 83.55%.

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LUV has been the topic of a number of research analyst reports. Vetr upgraded Southwest Airlines from a "buy" rating to a "strong-buy" rating and set a $64.53 target price on the stock in a report on Thursday. Buckingham Research downgraded the shares of LUV in report on Friday, July 22 to "Neutral" rating.

Southwest Airlines Co. (LUV) reported it will start global service for Indianapolis travelers with new weekly service to Cancun, Mexico as the carrier extends its schedule through April 6, 2018. Stifel Nicolaus restated a "buy" recommendation and fixed a $80.00 price objective on the stock of Southwest Airlines in a study note published on Fri, May 26th.

Among 33 analysts covering Square Inc (NYSE:SQ), 18 have Buy rating, 0 Sell and 15 Hold. The stock presently has an average rating of "Buy" and an average target price of $65.78. The stock was sold at an average price of $59.15, for a total value of $492,246.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark R. Shaw sold 3,823 shares of the company's stock in a transaction dated Tuesday, May 23rd. Chief Operating Officer De Ven Michael G. Van sold 15,273 shares at an average price of $57.16 on Thursday the 18th. Following the completion of the transaction, the chief financial officer now owns 87,387 shares in the company, valued at $5,168,941.05. A total volume of 14.3 million shares were traded versus to average volume of 4.62 million shares. Dimensional Fund Advisors LP has invested 0.15% in Southwest Airlines Co (NYSE:LUV).

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. Southwest provides point-to-point service. The Firm 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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