Hawkins Capital L.P. lowered its holdings in Southwest Airlines Company (NYSE:LUV) by 20.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 80,100 shares of the airline’s stock after selling 21,000 shares during the quarter. Southwest Airlines comprises 1.9% of Hawkins Capital L.P.’s investment portfolio, making the stock its 21st biggest holding. Hawkins Capital L.P.’s holdings in Southwest Airlines were worth $4,483,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new position in shares of Southwest Airlines in the 2nd quarter valued at about $102,000. Pittenger & Anderson Inc. increased its holdings in shares of Southwest Airlines by 13.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after acquiring an additional 250 shares during the last quarter. National Pension Service purchased a new position in shares of Southwest Airlines in the 2nd quarter valued at about $141,000. Harfst & Associates Inc. increased its holdings in shares of Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after acquiring an additional 732 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. increased its holdings in shares of Southwest Airlines by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after acquiring an additional 75 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
In other news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.21% of the stock is owned by company insiders.
Southwest Airlines Company (LUV) traded up $0.64 on Friday, hitting $55.27. The stock had a trading volume of 4,550,300 shares, compared to its average volume of 5,221,306. 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 firm has a market cap of $32,510.00, a PE ratio of 15.74, a P/E/G ratio of 1.81 and a beta of 1.31. Southwest Airlines Company has a 1-year low of $44.70 and a 1-year 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, beating the consensus estimate 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 return on equity of 24.85% and a net margin of 10.12%. The company’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.93 EPS. sell-side analysts expect that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a dividend yield of 0.90%. Southwest Airlines’s dividend payout ratio is currently 14.33%.
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A number of research analysts have recently commented on the company. BidaskClub downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Vetr downgraded Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price target on the stock. in a research note on Wednesday, October 4th. Cowen and Company restated a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research note on Friday, July 28th. Zacks Investment Research downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Morgan Stanley set a $64.00 price target on Southwest Airlines and gave the stock a “buy” rating in a research note on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $67.00.
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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