Weil Company Inc. acquired a new position in shares of Southwest Airlines Co (NYSE:LUV) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,362 shares of the airline’s stock, valued at approximately $416,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of LUV. Victory Capital Management Inc. grew its stake in shares of Southwest Airlines by 194.6% during the third quarter. Victory Capital Management Inc. now owns 332,861 shares of the airline’s stock valued at $18,634,000 after buying an additional 219,883 shares during the last quarter. Andra AP fonden grew its stake in shares of Southwest Airlines by 20.5% during the third quarter. Andra AP fonden now owns 58,300 shares of the airline’s stock valued at $3,264,000 after buying an additional 9,900 shares during the last quarter. State of Wisconsin Investment Board grew its stake in shares of Southwest Airlines by 13.2% during the third quarter. State of Wisconsin Investment Board now owns 448,976 shares of the airline’s stock valued at $25,134,000 after buying an additional 52,505 shares during the last quarter. Smith Moore & CO. bought a new position in shares of Southwest Airlines during the third quarter valued at approximately $206,000. Finally, Daiwa Securities Group Inc. grew its stake in shares of Southwest Airlines by 2.7% during the third quarter. Daiwa Securities Group Inc. now owns 37,808 shares of the airline’s stock valued at $2,116,000 after buying an additional 1,008 shares during the last quarter. 80.05% of the stock is currently owned by institutional investors.
Southwest Airlines Co (LUV) traded up $0.32 during trading on Thursday, reaching $59.94. The company’s stock had a trading volume of 3,831,556 shares, compared to its average volume of 5,058,630. 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 capitalization of $35,240.00, a price-to-earnings ratio of 17.37, a P/E/G ratio of 1.52 and a beta of 1.20. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99.
Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. Southwest Airlines’s revenue was up 3.9% on a year-over-year basis. research analysts anticipate that Southwest Airlines Co will post 4.96 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be issued a dividend of $0.125 per share. The ex-dividend date is Tuesday, March 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.83%. Southwest Airlines’s dividend payout ratio is presently 14.49%.
In other Southwest Airlines news, Director William H. Dr Cunningham acquired 3,500 shares of the firm’s stock in a transaction dated Monday, February 12th. The stock was purchased at an average price of $56.25 per share, for a total transaction of $196,875.00. Following the acquisition, the director now owns 70,469 shares in the company, valued at approximately $3,963,881.25. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Tammy Romo sold 20,272 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total value of $1,174,762.40. Following the sale, the chief financial officer now owns 114,962 shares of the company’s stock, valued at approximately $6,662,047.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 108,473 shares of company stock valued at $6,296,091. Company insiders own 0.21% of the company’s stock.
A number of research analysts have recently commented on LUV shares. Cowen reaffirmed a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 9th. Bank of America cut Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research note on Tuesday, January 9th. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price objective on the stock in a research note on Tuesday, December 26th. Atlantic Securities raised Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $48.71 to $71.00 in a research note on Thursday, December 14th. Finally, Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Tuesday, January 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $67.83.
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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.
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