Southwest Airlines begins Cincinnati/Northern Kentucky International Airport service
- Author: Zachary Reyes Jun 06, 2017,
Jun 06, 2017, 20:02
Sanford C. Bernstein now has a $70.00 price objective on the airline's stock. AlphaOne also assigned media stories about the airline an impact score of 69 out of 100, meaning that recent news coverage is likely to have an effect on the stock's share price in the near term. JP Morgan upgraded the shares of LUV in report on Thursday, July 30 to "Overweight" rating.
In its 46th year of service, Dallas-based Southwest Airlines (NYSE: LUV) operates a network of 101 destinations in the United States and nine additional countries with more than 3,900 departures a day during peak travel season. Point72 Asset Mngmt Limited Partnership reported 0.37% of its portfolio in WEX Inc (NYSE:WEX). Benefitfocus had 16 analyst reports since July 28, 2015 according to SRatingsIntel. Beach Inv Counsel Pa holds 1.37% of its portfolio in Southwest Airlines Co (NYSE:LUV) for 241,081 shares.
Among 17 analysts covering WEX (NYSE:WEX), 5 have Buy rating, 1 Sell and 11 Hold. If the $62.93 price target is reached, the company will be worth $1.11 billion more.
Shares of Southwest Airlines (NYSE LUV) traded up 1.25% during midday trading on Friday, reaching $60.99.
In the market the company is trading up since yesterday's close of $60.98. The company's current price-earnings ratio amounts to 18.16 times earnings, above the average P/E ratio of 4.94 times earnings. Southwest Airlines has a one year low of $35.42 and a one year high of $61.24. Anchor Bolt Capital Lp who had been investing in Southwest Airls Co for a number of months, seems to be less bullish one the $36.82 billion market cap company.
Southwest Airlines Co. (NYSE:LUV), maintained return on investment for the last twelve months at 13.74, higher than what Reuters data shows regarding industry's average. SRB Corp now owns 4,296 shares of the airline's stock worth $167,000 after buying an additional 962 shares in the last quarter. They expect $1.18 earnings per share, down 0.84 % or $0.01 from last year's $1.19 per share. Southwest Airlines's revenue was up 1.2% compared to the same quarter past year. Southwest Airlines Co. had 39 analyst reports since July 30, 2015 according to SRatingsIntel.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 28th. BVSN's SI was 7,900 shares in June as released by FINRA. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date will be Monday June 5th, 2017. After $0.46 actual EPS reported by BP plc (ADR) for the previous quarter, Wall Street now forecasts 117.39% EPS growth. Southwest Airlines's dividend payout ratio (DPR) is now 11.33%. Moreover, Aqr Capital Management Ltd Llc has 0.42% invested in Southwest Airlines Co (NYSE:LUV) for 6.07 million shares. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and global copyright & trademark laws. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline's stock valued at $128,000 after buying an additional 15 shares in the last quarter.
In other Southwest Airlines news, Chairman Gary C. Kelly sold 51,000 shares of the business's stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $57.06, for a total transaction of $2,910,060.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Romo Tammy also sold $492,238 worth of Southwest Airlines Co (NYSE:LUV) on Tuesday, May 23. Its share price has risen 5.96% in three months and is up 0.53% for the last five trades. The disclosure for this sale can be found here. In the last quarter, insiders have sold 118,740 shares of company stock worth $6,923,568. Finally, Baker Ellis Asset Management LLC raised its stake in shares of Southwest Airlines by 14.6% in the third quarter. The insider Shaw Mark R sold 1,211 shares worth $70,553. Skandinaviska Enskilda Banken AB publ increased its stake in shares of Southwest Airlines by 8,363.9% in the first quarter.
In other news, COO De Ven Michael G. Van sold 15,273 shares of the company's stock in a transaction that occurred on Thursday, May 18th. Finally, TrimTabs Asset Management LLC raised its position in Southwest Airlines by 88.9% in the first quarter. Blackrock Incorporated holds 0% or 1,556 shares.
Large investors have recently modified their holdings of the stock. Over the short term, some market observers may have noticed that Southwest Airlines Co. has a 1.96% short float with 15 days to cover.