Economy

Southwest Airlines Company (NYSE:LUV) Experiences Heavy Trading Volume

Southwest Airlines (NYSE:LUV) previously issued its earnings report on Early Thur, Jul 27th. Guardian Life Insurance Co. of America increased its position in shares of Southwest Airlines by 0.6% in the 1st quarter. Bank of Hawaii now owns 12,867 shares of the airline's stock valued at $692,000 after purchasing an additional 35 shares during the period. Ameriprise Financial Inc. raised its position in shares of Southwest Airlines by 80.3% during the 1st quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline's stock worth $128,000 after purchasing an additional 15 shares during the last quarter. Cullen Frost Bankers has invested 0.79% in Southwest Airlines Co (NYSE:LUV). Buckingham Asset Management LLC now owns 5,690 shares of the airline's stock valued at $306,000 after purchasing an additional 16 shares during the period. Columbus Circle Investors boosted its stake in Southwest Airlines by 28.2% during the second quarter.

Merck & Co., Inc. most recently reported earnings per share (EPS) of $1.01 for the June 2017 versus $0.93 in the same quarter a year ago, representing 9% growth. Point72 Asia (Hong Kong) Ltd stated it has 0.23% of its portfolio in Southwest Airlines Co (NYSE:LUV). The third largest holder is Vanguard Group Inc, which now holds $2.08 billion worth of this stock and that ownership represents almost 6.29% of its market capitalization. (NYSE:LUV) expressed a change of 0.68% and closed its trade at $54.72.

Hedge funds have recently made changes to their positions in the stock. Market valuation of the company is $32.37 B, a price to earnings ratio of 16.58 along with a stock beta of 1.29. Southwest Airlines Co. has $8000 highest and $41 lowest target. Southwest Airlines Co has recorded a 50-day average of $53.74 and a two hundred day average of $56.91.

Comparatively, LUV posted earnings of $1.02 per share in the same quarter, a year earlier. The firm had revenue of $5.74 billion during the quarter, compared to analysts' expectations of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. During the same period in the previous year, the firm earned $1.19 EPS.

Analysts await Southwest Airlines Co (NYSE:LUV) to report earnings on October, 25.

Southwest Airlines Company also declared a dividend for shareholders that was paid on Thursday the 14th of September 2017. The ex-dividend date of this dividend was Tuesday, August 22nd.

Relative strength index (RSI-14) for Southwest Airlines Co.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are reading this report on another site, it was stolen and republished in violation of U.S. & global trademark & copyright law. The original version of this report can be accessed at https://baseballnewssource.com/markets/southwest-airlines-company-luv-receives-hold-rating-from-barclays-plc/1646107.html.

Southwest Airlines Co. (LUV) has been given an average price target of $65.81 from analysts, according to data collected by Finviz. Morgan Stanley reaffirmed an "overweight" rating on shares of Southwest Airlines in a report on Tuesday, September 12th. Finally, ValuEngine upgraded shares of Southwest Airlines from a "hold" rating to a "buy" rating in a report on Friday, June 2nd. Consensus earnings estimates are far from ideal, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. The stock of Southwest Airlines Co (NYSE:LUV) has "Outperform" rating given on Friday, July 22 by Cowen & Co. The company now has a consensus rating of "Buy" and an average target price of $67.77.

In other Southwest Airlines news, Director William H. Dr Cunningham purchased 4,500 shares of the firm's stock in a transaction dated Friday, August 11th. 23, 2017, the great number of shares disposed came courtesy the EVP & CFO; Romo Tammy disposed a total of 8,322 shares at an average price of $59.15, amounting to approximately $492,246. Ameriprise Financial has an ownership of 7,809,175 stocks of the airline's shares valued at $419,796,000 after scooping up an extra 3,477,912 stocks in the previous period. investment firms and many large funds has an ownership of 79.42% of the firms stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. As of December 31, 2016, Southwest operated a total of 723 Boeing 737 aircraft and served 101 destinations in 40 states, the District of Columbia, the Commonwealth of Puerto Rico, and eight near-international countries: Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, Belize, and Cuba. The Firm 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.



Like this

Latest


19 September 2017
Did you know Ileana D'Cruz was offered Salman Khan's Wanted?
I've got everything I want and more and you wonder, why are you so depressed? "I was actually going to do it". But now she says "I don't think I handled it well". "For me, it was all about finishing my exams".

19 September 2017
Reel life Haseena Parkar in soup for not doing designer's PR
However, according to the complainant the producer did not fulfil the promise and the actor did not undertake promotional activities for them.

19 September 2017
Saturday Night Live leads with nine wins at 69th Emmy Awards
The victory is third rank in category for series which will conclude with a seventh and final season in 2018. Alexander Skarsgard won statuette for best supporting actor for role, as Jean-Marc Vallée, director.

19 September 2017
EPS for Walgreens Boots Alliance Inc (WBA) Expected At $1.22
The pharmacy operator reported $1.33 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.30 by $0.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link .

19 September 2017
Bliss joins 'Powerpuff Girls' as Fourth Member of the Group
Cartoon Network is available in 29 countries throughout Asia Pacific and is now seen in more than 135 million pay-TV homes. All they needed was one more power, that comes in the form of Bliss .

19 September 2017
NKorea threatens to complete nuclear program amid USA sanctions
South Korea's military says the unidentified missile was launched from Sunan, the site of the North Korean capital's airport. Possible signs of interaction between Ri and other global leaders at the meeting are expected to be closely scrutinized.

19 September 2017
US flies bombers, stealth jets over Korean peninsula
Arizona Senator John McCain has been one of the most vocal critics of the Trump administration's handling of North Korea . Haley said: "You have to understand the president can communicate in any form that he wishes".

19 September 2017
Sells 5072 Shares of MetLife, Inc. (MET)
MetLife makes up approximately 0.9% of Oppenheimer Asset Management Inc.'s portfolio, making the stock its 10th biggest position. Groesbeck Corporation Nj stated it has 101,137 shares. (NYSE:CSV) shares. 628 shares were sold by Olaniyan Adeola, worth $16,918.

19 September 2017
International Business Machines Corporation (IBM) Shares Sold by Neville Rodie & Shaw Inc
Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. AQR Capital Management LLC grew its position in International Business Machines Corporation by 31.9% during the 1st quarter.

19 September 2017
Alphabet Inc (GOOGL) Stake Increased by Sullivan Bruyette Speros & Blaney LLC
SeaBridge Investment Advisors LLC's holdings in Alphabet were worth $5,091,000 as of its most recent filing with the SEC. The information services provider reported $5.01 EPS for the quarter, topping the consensus estimate of $4.43 by $0.58.



Recommended