Southwest Airlines Co (NYSE:LUV) Short Interest Update

Southwest Airlines Co (NYSE:LUV) was the recipient of a significant decrease in short interest in June. As of June 30th, there was short interest totalling 7,413,700 shares, a decrease of 35.0% from the May 30th total of 11,401,600 shares. Approximately 1.4% of the company’s stock are sold short. Based on an average daily trading volume, of 3,470,000 shares, the short-interest ratio is currently 2.1 days.

Southwest Airlines stock traded up $0.67 during midday trading on Friday, reaching $52.51. 2,643,132 shares of the company traded hands, compared to its average volume of 3,132,116. The stock has a market cap of $28.15 billion, a price-to-earnings ratio of 12.38, a price-to-earnings-growth ratio of 1.07 and a beta of 1.48. The company’s 50 day simple moving average is $50.89. Southwest Airlines has a 12 month low of $44.28 and a 12 month high of $64.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.57.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.61 by $0.09. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.79 earnings per share. Sell-side analysts forecast that Southwest Airlines will post 4.58 earnings per share for the current fiscal year.



The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a $0.18 dividend. The ex-dividend date was Tuesday, June 4th. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.16. This represents a $0.72 annualized dividend and a yield of 1.37%. Southwest Airlines’s dividend payout ratio (DPR) is presently 16.98%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC raised its position in Southwest Airlines by 0.7% in the second quarter. Nisa Investment Advisors LLC now owns 244,637 shares of the airline’s stock worth $12,423,000 after acquiring an additional 1,798 shares during the period. Xact Kapitalforvaltning AB increased its stake in shares of Southwest Airlines by 30.7% in the second quarter. Xact Kapitalforvaltning AB now owns 81,628 shares of the airline’s stock worth $4,145,000 after purchasing an additional 19,190 shares in the last quarter. First Command Bank increased its stake in shares of Southwest Airlines by 10.0% in the second quarter. First Command Bank now owns 5,572 shares of the airline’s stock worth $283,000 after purchasing an additional 507 shares in the last quarter. First National Bank of Omaha increased its stake in shares of Southwest Airlines by 1.4% in the second quarter. First National Bank of Omaha now owns 103,227 shares of the airline’s stock worth $5,242,000 after purchasing an additional 1,455 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of Southwest Airlines by 9.9% in the second quarter. Valeo Financial Advisors LLC now owns 13,588 shares of the airline’s stock worth $690,000 after purchasing an additional 1,229 shares in the last quarter. Institutional investors and hedge funds own 83.59% of the company’s stock.

LUV has been the topic of several analyst reports. ValuEngine downgraded shares of Wave Life Sciences from a “buy” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley upped their target price on shares of United Technologies from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Monday, May 20th. Cowen dropped their target price on shares of Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday, March 27th. Goldman Sachs Group upgraded shares of Acuity Brands from a “sell” rating to a “neutral” rating and set a $121.00 target price on the stock in a research note on Wednesday, March 20th. Finally, Macquarie set a $52.00 price objective on shares of Southwest Airlines and gave the company a “hold” rating in a research report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. Southwest Airlines currently has a consensus rating of “Hold” and an average price target of $58.15.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.