Jaffetilchin Investment Partners LLC purchased a new stake in shares of Southwest Airlines Co (NYSE:LUV) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,136 shares of the airline’s stock, valued at approximately $467,000.
Other hedge funds have also recently added to or reduced their stakes in the company. BT Investment Management Ltd grew its stake in shares of Southwest Airlines by 43.1% during the third quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after purchasing an additional 122,892 shares in the last quarter. Macquarie Group Ltd. boosted its stake in Southwest Airlines by 7.7% in the second quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock valued at $13,472,000 after acquiring an additional 15,575 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in Southwest Airlines by 14.6% in the third quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,727 shares of the airline’s stock valued at $5,023,000 after acquiring an additional 11,398 shares in the last quarter. Kalos Management Inc. acquired a new position in Southwest Airlines in the third quarter valued at $2,328,000. Finally, Rational Advisors LLC raised its holdings in shares of Southwest Airlines by 27.1% in the third quarter. Rational Advisors LLC now owns 17,800 shares of the airline’s stock valued at $997,000 after buying an additional 3,800 shares during the last quarter. 78.47% of the stock is currently owned by hedge funds and other institutional investors.
In other Southwest Airlines news, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the transaction, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Montford sold 935 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The disclosure for this sale can be found here. Insiders have sold a total of 35,561 shares of company stock worth $2,277,774 in the last ninety days. 0.21% of the stock is currently owned by insiders.
Shares of Southwest Airlines Co (NYSE LUV) traded down $1.60 during mid-day trading on Friday, hitting $58.71. 4,092,663 shares of the stock were exchanged, compared to its average volume of 4,840,000. 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 debt-to-equity ratio of 0.45, a quick ratio of 0.64 and a current ratio of 0.70. The stock has a market cap of $34,840.00, a P/E ratio of 10.09, a PEG ratio of 1.09 and a beta of 1.17.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The firm had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter in the previous year, the firm posted $0.75 EPS. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. equities analysts forecast that Southwest Airlines Co will post 4.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.85%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio (DPR) is 8.59%.
Several research analysts recently issued reports on LUV shares. Stifel Nicolaus reissued a “buy” rating and set 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 target price on shares of Southwest Airlines in a report on Friday, October 27th. Vetr raised shares of Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 target price for the company in a report on Monday, November 13th. Cowen reiterated a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus 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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