Private Advisor Group LLC reduced its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 29.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 17,365 shares of the airline’s stock after selling 7,124 shares during the quarter. Private Advisor Group LLC’s holdings in Southwest Airlines were worth $1,122,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of LUV. BB&T Investment Services Inc. boosted its stake in shares of Southwest Airlines by 325.5% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after acquiring an additional 1,211 shares during the period. Cerebellum GP LLC bought a new position in shares of Southwest Airlines during the 4th quarter worth approximately $127,000. Grove Bank & Trust boosted its stake in shares of Southwest Airlines by 365.0% during the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after acquiring an additional 1,880 shares during the period. SeaCrest Wealth Management LLC bought a new position in shares of Southwest Airlines during the 4th quarter worth approximately $136,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in shares of Southwest Airlines by 580.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock worth $170,000 after acquiring an additional 2,224 shares during the period. Institutional investors own 78.97% of the company’s stock.
In other Southwest Airlines news, EVP Robert E. Jordan sold 32,931 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the completion of the transaction, the executive vice president now owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William H. Dr Cunningham bought 3,500 shares of the stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $56.25 per share, with a total value of $196,875.00. Following the acquisition, the director now owns 70,469 shares in the company, valued at $3,963,881.25. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by insiders.
Southwest Airlines Co (NYSE LUV) opened at $58.27 on Monday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a fifty-two week low of $49.76 and a fifty-two week high of $66.99. The company has a market capitalization of $34,259.91, a price-to-earnings ratio of 16.65, a PEG ratio of 1.04 and a beta of 1.17.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.25 billion. During the same quarter in the previous year, the firm earned $0.75 EPS. Southwest Airlines’s revenue was up 3.9% on a year-over-year basis. research analysts expect that Southwest Airlines Co will post 5 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.86%. Southwest Airlines’s dividend payout ratio (DPR) is currently 8.59%.
LUV has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Southwest Airlines in a research note on Wednesday, November 1st. Deutsche Bank reiterated a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research note on Friday, October 27th. Vetr upgraded Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 target price for the company in a research note on Monday, November 13th. Cowen restated a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $67.97.
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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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