Insider Buying: Southwest Airlines Co (LUV) Director Acquires 3,500 Shares of Stock

Southwest Airlines Co (NYSE:LUV) Director William H. Dr Cunningham purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was acquired at an average price of $56.25 per share, for a total transaction of $196,875.00. Following the completion of the purchase, the director now owns 70,469 shares of the company’s stock, valued at $3,963,881.25. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Shares of Southwest Airlines Co (NYSE LUV) traded down $0.03 during midday trading on Thursday, hitting $58.00. The stock had a trading volume of 1,132,631 shares, compared to its average volume of 5,214,964. Southwest Airlines Co has a 52 week low of $49.76 and a 52 week high of $66.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market capitalization of $34,120.00, a P/E ratio of 16.83, a price-to-earnings-growth ratio of 1.03 and a beta of 1.17.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. sell-side analysts expect that Southwest Airlines Co will post 5 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s payout ratio is 14.49%.

A number of analysts recently weighed in on the company. ValuEngine downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target for the company in a report on Tuesday, December 26th. Cowen reiterated a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 9th. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research note on Tuesday, January 9th. Finally, Atlantic Securities upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their target price for the company from $48.71 to $71.00 in a research note on Thursday, December 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $67.97.

Several hedge funds and other institutional investors have recently modified their holdings of LUV. Xact Kapitalforvaltning AB boosted its holdings in Southwest Airlines by 5.1% in the fourth quarter. Xact Kapitalforvaltning AB now owns 39,219 shares of the airline’s stock valued at $2,567,000 after purchasing an additional 1,908 shares during the last quarter. William Blair Investment Management LLC boosted its holdings in Southwest Airlines by 133.1% in the fourth quarter. William Blair Investment Management LLC now owns 666,708 shares of the airline’s stock valued at $43,636,000 after purchasing an additional 380,673 shares during the last quarter. OLD Mutual Customised Solutions Proprietary Ltd. boosted its holdings in Southwest Airlines by 76.1% in the fourth quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 11,800 shares of the airline’s stock valued at $772,000 after purchasing an additional 5,100 shares during the last quarter. Banco de Sabadell S.A purchased a new position in Southwest Airlines in the fourth quarter valued at about $178,000. Finally, Lake Street Advisors Group LLC purchased a new position in Southwest Airlines in the fourth quarter valued at about $248,000. 78.97% of the stock is owned by institutional investors.

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Southwest Airlines Company Profile

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.

Insider Buying and Selling by Quarter for Southwest Airlines (NYSE:LUV)

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