Somewhat Positive Press Coverage Unlikely to Impact Southwest Airlines Company (LUV) Share Price

Headlines about Southwest Airlines Company (NYSE:LUV) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Southwest Airlines Company earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the airline an impact score of 35 out of 100, indicating that recent media coverage is unlikely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have effected Accern’s scoring:

Insider Buying and Selling by Quarter for Southwest Airlines Company (NYSE:LUV)

LUV has been the subject of a number of research analyst reports. Sanford C. Bernstein restated an “outperform” rating and issued a $50.00 price target on shares of Southwest Airlines Company in a research note on Friday, March 3rd. Cowen and Company restated an “outperform” rating and issued a $57.00 price target on shares of Southwest Airlines Company in a research note on Saturday, March 11th. Vetr upgraded shares of Southwest Airlines Company from a “hold” rating to a “buy” rating and set a $57.21 price target for the company in a research note on Monday, March 13th. Imperial Capital restated an “outperform” rating and issued a $63.00 price target on shares of Southwest Airlines Company in a research note on Tuesday, March 14th. Finally, Morgan Stanley restated an “overweight” rating on shares of Southwest Airlines Company in a research note on Friday, April 7th. Six investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Southwest Airlines Company has an average rating of “Buy” and an average price target of $61.76.

Southwest Airlines Company (NYSE LUV) traded up 0.65% during trading on Friday, hitting $61.92. 5,079,217 shares of the stock traded hands. The stock has a market cap of $37.44 billion, a PE ratio of 18.57 and a beta of 1.26. The company has a 50-day moving average price of $59.15 and a 200 day moving average price of $54.80. Southwest Airlines Company has a one year low of $35.42 and a one year high of $62.19.

Southwest Airlines Company (NYSE:LUV) last released its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by $0.01. Southwest Airlines Company had a return on equity of 26.75% and a net margin of 10.16%. The company had revenue of $4.88 billion for the quarter, compared to analyst estimates of $4.91 billion. During the same quarter in the prior year, the company earned $0.88 earnings per share. The business’s revenue was up 1.2% compared to the same quarter last year. Analysts expect that Southwest Airlines Company will post $3.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th will be paid a dividend of $0.125 per share. This is a positive change from Southwest Airlines Company’s previous quarterly dividend of $0.10. This represents a $0.50 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Monday, June 5th. Southwest Airlines Company’s dividend payout ratio is currently 15.11%.

In other Southwest Airlines Company news, Chairman Gary C. Kelly sold 51,000 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $57.06, for a total transaction of $2,910,060.00. Following the completion of the transaction, the chairman now directly owns 556,808 shares in the company, valued at $31,771,464.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Mark R. Shaw sold 3,823 shares of the stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $59.13, for a total value of $226,053.99. Following the transaction, the senior vice president now owns 7,784 shares of the company’s stock, valued at $460,267.92. The disclosure for this sale can be found here. Insiders have sold 118,740 shares of company stock valued at $6,923,568 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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Southwest Airlines Company Company Profile

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