Livforsakringsbolaget Skandia Omsesidigt trimmed its position in Southwest Airlines Co (NYSE:LUV) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,806 shares of the airline’s stock after selling 5,500 shares during the period. Livforsakringsbolaget Skandia Omsesidigt’s holdings in Southwest Airlines were worth $5,092,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LUV. Franklin Resources Inc. lifted its position in Southwest Airlines by 792.6% in the second quarter. Franklin Resources Inc. now owns 82,433 shares of the airline’s stock worth $5,123,000 after purchasing an additional 73,198 shares during the period. Profund Advisors LLC increased its holdings in shares of Southwest Airlines by 24.9% in the second quarter. Profund Advisors LLC now owns 22,092 shares of the airline’s stock valued at $1,373,000 after buying an additional 4,402 shares in the last quarter. Quantitative Investment Management LLC bought a new position in shares of Southwest Airlines in the second quarter valued at $11,272,000. UBS Asset Management Americas Inc. increased its holdings in shares of Southwest Airlines by 35.9% in the second quarter. UBS Asset Management Americas Inc. now owns 1,325,746 shares of the airline’s stock valued at $82,382,000 after buying an additional 350,024 shares in the last quarter. Finally, Marietta Wealth Management LLC increased its holdings in shares of Southwest Airlines by 20.5% in the second quarter. Marietta Wealth Management LLC now owns 21,277 shares of the airline’s stock valued at $1,322,000 after buying an additional 3,617 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.
In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total transaction of $107,242.65. Following the sale, the director now directly owns 23,098 shares of the company’s stock, valued at approximately $1,461,410.46. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Montford sold 935 shares of the business’s stock in a transaction 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 sale, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,561 shares of company stock worth $2,277,774. Company insiders own 0.21% of the company’s stock.
Shares of Southwest Airlines Co (LUV) opened at $66.07 on Thursday. 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 Co has a one year low of $48.71 and a one year high of $66.99. The stock has a market cap of $39,210.00, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35.
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, beating the 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 company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period in the previous year, the business earned $0.93 EPS. The company’s revenue was up 2.6% on a year-over-year basis. equities research analysts anticipate that Southwest Airlines Co will post 3.5 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.76%. The ex-dividend date was Wednesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is currently 14.33%.
Several research analysts have issued reports on LUV shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a report on Wednesday, November 1st. 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. Vetr cut Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price target on the stock. in a report on Friday, September 22nd. Cowen reaffirmed a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a report on Tuesday, January 9th. Finally, Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $67.93.
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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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