Southwest Airlines Co (NYSE:LUV) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 9,591,905 shares, a growth of 38.1% from the November 15th total of 6,944,132 shares. Based on an average daily volume of 5,327,765 shares, the days-to-cover ratio is currently 1.8 days. Currently, 1.6% of the company’s stock are sold short.
In other Southwest Airlines 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 completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The disclosure for this sale can be found here. Insiders have sold a total of 35,593 shares of company stock valued at $2,279,660 over the last three months. 0.21% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. BT Investment Management Ltd grew its stake in Southwest Airlines by 43.1% in the third quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after purchasing an additional 122,892 shares in the last quarter. Macquarie Group Ltd. grew its stake in Southwest Airlines by 7.7% in the second quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock worth $13,472,000 after purchasing an additional 15,575 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Southwest Airlines by 2.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,121 shares of the airline’s stock worth $28,965,000 after purchasing an additional 10,851 shares in the last quarter. Columbus Circle Investors grew its stake in Southwest Airlines by 28.2% in the second quarter. Columbus Circle Investors now owns 220,903 shares of the airline’s stock worth $13,727,000 after purchasing an additional 48,632 shares in the last quarter. Finally, Marshall Wace North America L.P. grew its stake in Southwest Airlines by 912.7% in the second quarter. Marshall Wace North America L.P. now owns 49,855 shares of the airline’s stock worth $3,091,000 after purchasing an additional 44,932 shares in the last quarter. 78.55% of the stock is currently owned by institutional investors.
LUV has been the subject of a number of analyst reports. Vetr downgraded 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. Deutsche Bank reissued a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research note on Friday, October 27th. Stifel Nicolaus restated a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a report on Wednesday, November 1st. Cowen restated a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a report on Tuesday. Finally, Zacks Investment Research upgraded Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $67.93.
Shares of Southwest Airlines (LUV) traded up $0.52 on Friday, hitting $65.36. The company had a trading volume of 3,809,141 shares, compared to its average volume of 4,980,000. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a market cap of $38,780.00, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.37 and a beta of 1.35. Southwest Airlines has a twelve month low of $48.71 and a twelve month high of $66.99.
Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period last year, the company posted $0.93 EPS. The business’s quarterly revenue was up 2.6% on a year-over-year basis. equities research analysts forecast that Southwest Airlines will post 3.52 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th were given a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.
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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.
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