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.

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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.

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