Economy

Southwest Airlines (LUV) Receiving Somewhat Positive Media Coverage, Report Finds

The fund owned 46,647 shares of the airline's stock after acquiring an additional 4,848 shares during the quarter. Teachers Advisors boosted its holdings in stocks of Southwest Airlines by 1.7% in the 2nd period.

Many other investment firms and many large funds also purchased or disposed their positions in the share. Scout Invs Inc reported 1.12% in Southwest Airlines Co (NYSE:LUV). Pittenger & Anderson Inc. raised its stake in shares of Southwest Airlines by 13.5% during the second quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline's stock worth $876,000 after buying an additional 43 shares in the last quarter. The portion of a company's profit allocated to each outstanding share of common stock was $2.74 a share in the trailing twelve months. Parametric Associates Lc invested in 0.1% or 1.44M shares. The percentage of shares being held by the company management was 0.1% while institutional stake was 70.3%. 592,790 shares of the company's stock were exchanged. The stock has a market capitalization of $32.27 billion, a PE ratio of 16.5310 and a beta of 1.29. LUV's 50-day average is $53.62 and its two hundred day average is $56.82.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 27th. The company's quarterly EPS surprised Wall Street by as much as 3% to the upside in its last earnings announcement, so investors should note this tendency when assessing consensus estimates. More interesting news about Southwest Airlines Co (NYSE:LUV) were released by: Bloomberg.com and their article: "Southwest Airlines Begins Its Houston Return" published on September 01, 2017 as well as Prnewswire.com's news article titled: "Southwest Airlines Reports August Traffic" with publication date: September 08, 2017. The company posted earnings of $5.74 B for the period end, compared to the average forecast of $5.73 B. For the same quarter a year ago, company earned $1.19 Earnings Per Share. During the same quarter in the prior year, the company posted $1.19 EPS. Southwest Airlines's quarterly revenue was up 6.7% compared to the same quarter a year ago. On average, analysts anticipate that Southwest Airlines will post $3.71 earnings per share for the current fiscal year.

Looking forward, the company's quarterly earnings are expected to come at $0.75 in the three months through September 2017 and $0.65 in the quarter ending December 2017, reflecting -2.6% and 3.17% growth, respectively. Stockholders of record on Thursday, August 24th were given a $0.125 dividend. A reading between 0 and -20 would indicate an overbought situation.

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Quite a few brokerage firm analysts have quite recently weighed in on LUV Stocks. Lastly, crowd sourced stock rating company Vetr lowered Southwest Airlines from a "buy" recommendation to a "hold" recommendation and fixed a $63.80 price objective on the shares.in a note on Thurs, Jun 22nd. Cowen and Company reiterated a "buy" recommendation and given a $67.00 target price on stock of Southwest Airlines in a note on Fri, Jul 28th. Stifel Nicolaus maintained the shares of LUV in report on Monday, May 29 with "Buy" rating. A reading between -80 to -100 may be typically viewed as strong oversold territory. The consensus analyst target price is $65.81. 1,744,258 shares of the company's stock traded hands. The stock was acquired at an average price of $54.00 per share, with a total value of $243,000.00. Bridgewater Associates has an ownership of 167,833 stocks of the airline's shares valued $10,429,000 after scooping up an extra 114,419 shares through out the quarter. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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



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