Dimensional Fund Advisors LP decreased its position in shares of Southwest Airlines Company (NYSE:LUV) by 10.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,545,170 shares of the airline’s stock after selling 527,485 shares during the period. Dimensional Fund Advisors LP owned about 0.77% of Southwest Airlines worth $254,442,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LUV. Stonebridge Capital Advisors LLC lifted its stake in Southwest Airlines by 0.6% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after purchasing an additional 35 shares during the last quarter. Bank of Hawaii lifted its stake in Southwest Airlines by 0.3% in the 2nd quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock valued at $802,000 after purchasing an additional 39 shares during the last quarter. Alps Advisors Inc. lifted its stake in Southwest Airlines by 0.6% in the 2nd quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock valued at $624,000 after purchasing an additional 62 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in Southwest Airlines by 0.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 30,079 shares of the airline’s stock valued at $1,870,000 after purchasing an additional 78 shares during the last quarter. Finally, Peapack Gladstone Financial Corp lifted its stake in Southwest Airlines by 2.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 4,277 shares of the airline’s stock valued at $266,000 after purchasing an additional 104 shares during the last quarter. Institutional investors and hedge funds own 78.87% of the company’s stock.
Several equities analysts have recently issued reports on the stock. Vetr downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price target for the company. in a research note on Wednesday, October 4th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, August 18th. Barclays reaffirmed a “hold” rating and set a $61.00 price target on shares of Southwest Airlines in a research note on Thursday, September 14th. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, Raymond James Financial raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $66.89.
In other news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.
Shares of Southwest Airlines Company (NYSE:LUV) opened at $63.33 on Friday. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market cap of $37,579.26, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 2.10 and a beta of 1.34. Southwest Airlines Company has a twelve month low of $48.71 and a twelve month high of $64.39.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share. equities analysts predict that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Wednesday, December 6th. Southwest Airlines’s dividend payout ratio is currently 14.37%.
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Southwest Airlines 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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