DekaBank Deutsche Girozentrale Has $5.60 Million Position in Southwest Airlines Company (LUV)

DekaBank Deutsche Girozentrale decreased its position in Southwest Airlines Company (NYSE:LUV) by 16.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 101,116 shares of the airline’s stock after selling 19,631 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Southwest Airlines were worth $5,599,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC grew its holdings in shares of 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 buying an additional 35 shares during the period. Bank of Hawaii lifted its position 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 acquiring an additional 39 shares in the last quarter. Alps Advisors Inc. lifted its position 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 acquiring an additional 62 shares in the last quarter. Farmers & Merchants Investments Inc. lifted its position in 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 in the last quarter. Finally, Atlantic Trust Group LLC lifted its position 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 acquiring an additional 78 shares in the last quarter. 78.87% of the stock is owned by institutional investors.

In other Southwest Airlines news, Director John T. Montford sold 935 shares of the stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now owns 25,000 shares in the company, valued at approximately $1,348,500. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.21% of the company’s stock.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Vetr cut shares of Southwest Airlines from a “hold” rating to a “sell” rating and set a $54.06 price target on the stock. in a research report on Wednesday, November 29th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Barclays reissued a “hold” rating and set a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Finally, Cowen reaffirmed an “outperform” rating and issued a $64.00 target price (up from $62.00) on shares of Southwest Airlines in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $66.89.

Shares of Southwest Airlines Company (LUV) traded up $2.11 on Monday, reaching $62.03. 9,064,255 shares of the company were exchanged, compared to its average volume of 5,249,384. Southwest Airlines Company has a twelve month low of $47.04 and a twelve month high of $64.39. The firm has a market cap of $36,810.00, a price-to-earnings ratio of 17.27, a P/E/G ratio of 1.99 and a beta of 1.34. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The business’s revenue was up 2.6% compared to the same quarter last year. analysts anticipate that Southwest Airlines Company will post 3.56 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be given a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.81%. Southwest Airlines’s payout ratio is presently 14.33%.

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About Southwest Airlines

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.

Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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