State of Wisconsin Investment Board raised its holdings in Southwest Airlines Co (NYSE:LUV) by 0.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 450,231 shares of the airline’s stock after buying an additional 1,255 shares during the quarter. State of Wisconsin Investment Board’s holdings in Southwest Airlines were worth $29,468,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in LUV. Checchi Capital Advisers LLC raised its stake in shares of Southwest Airlines by 15.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock worth $431,000 after purchasing an additional 878 shares during the last quarter. D.A. Davidson & CO. raised its stake in shares of Southwest Airlines by 13.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock worth $516,000 after purchasing an additional 905 shares during the last quarter. Palouse Capital Management Inc. raised its stake in shares of Southwest Airlines by 2.7% in the third quarter. Palouse Capital Management Inc. now owns 36,838 shares of the airline’s stock worth $2,062,000 after purchasing an additional 984 shares during the last quarter. TrimTabs Asset Management LLC raised its stake in shares of Southwest Airlines by 17.1% in the third quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock worth $379,000 after purchasing an additional 990 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in shares of Southwest Airlines by 2.7% in the third quarter. Daiwa Securities Group Inc. now owns 37,808 shares of the airline’s stock worth $2,116,000 after purchasing an additional 1,008 shares during the last quarter. Institutional investors own 78.97% of the company’s stock.
Shares of Southwest Airlines Co (NYSE:LUV) opened at $58.27 on Monday. The company has a market capitalization of $34,259.91, a PE ratio of 10.01, a P/E/G ratio of 1.04 and a beta of 1.17. Southwest Airlines Co has a 1-year low of $49.76 and a 1-year 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 posted its earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping the consensus estimate of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the company earned $0.75 earnings per share. Southwest Airlines’s revenue for the quarter was up 3.9% compared to the same quarter last year. analysts predict that Southwest Airlines Co will post 5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, March 6th. Southwest Airlines’s payout ratio is currently 8.59%.
In other Southwest Airlines news, Director William H. Dr Cunningham acquired 3,500 shares of the company’s stock in a transaction on Monday, February 12th. The shares were bought at an average cost of $56.25 per share, with a total value of $196,875.00. Following the completion of the acquisition, the director now owns 70,469 shares in the company, valued at $3,963,881.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John T. Montford sold 1,695 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the completion of the sale, the director now directly owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.
Several research analysts have recently issued reports on LUV shares. Deutsche Bank restated a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a research note on Friday, October 27th. Vetr cut Southwest Airlines from a “sell” rating to a “strong sell” rating and set a $54.06 price objective for the company. in a research note on Tuesday, December 5th. JPMorgan Chase & Co. raised their price objective on Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Zacks Investment Research cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $80.00 price objective on shares of Southwest Airlines in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $67.97.
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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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