Global Financial Private Capital LLC raised its position in Southwest Airlines Co (NYSE:LUV) by 19.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,084 shares of the airline’s stock after acquiring an additional 1,161 shares during the period. Global Financial Private Capital LLC’s holdings in Southwest Airlines were worth $464,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. BB&T Investment Services Inc. raised its holdings in Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after acquiring an additional 1,211 shares in the last quarter. Cerebellum GP LLC acquired a new position in Southwest Airlines in the 4th quarter valued at approximately $127,000. Grove Bank & Trust raised its holdings in Southwest Airlines by 365.0% in the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after acquiring an additional 1,880 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in Southwest Airlines in the 4th quarter valued at approximately $136,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Southwest Airlines by 580.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock valued at $170,000 after acquiring an additional 2,224 shares in the last quarter. 78.97% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have commented on LUV shares. Cowen reaffirmed an “outperform” rating and issued a $64.00 price target (up previously from $62.00) on shares of Southwest Airlines in a report on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price target on shares of Southwest Airlines in a report on Friday, October 27th. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Southwest Airlines in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. upped their price objective on Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $67.97.
Shares of Southwest Airlines Co (NYSE:LUV) opened at $58.27 on Tuesday. The company has a market capitalization of $34,259.91, a P/E ratio of 10.01, a P/E/G ratio of 1.04 and a beta of 1.17. Southwest Airlines Co has a 12-month low of $49.76 and a 12-month high of $66.99. 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 (NYSE:LUV) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. Southwest Airlines’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.75 EPS. analysts anticipate that Southwest Airlines Co will post 5 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be given 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 yield of 0.86%. Southwest Airlines’s dividend payout ratio (DPR) is presently 8.59%.
In other Southwest Airlines news, Director William H. Dr Cunningham purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average cost of $56.25 per share, for a total transaction of $196,875.00. Following the transaction, the director now directly owns 70,469 shares in the company, valued at $3,963,881.25. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Robert E. Jordan sold 32,931 shares of the stock in a transaction that occurred on 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 sale, the executive vice president now owns 76,993 shares in the company, valued at $4,956,809.34. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.
Southwest Airlines 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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