Two Sigma Advisers LP purchased a new position in Southwest Airlines (NYSE:LUV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 36,389 shares of the airline’s stock, valued at approximately $2,382,000.
Other hedge funds have also modified their holdings of the company. Maverick Capital Ltd. increased its stake in Southwest Airlines by 134.1% in the 4th quarter. Maverick Capital Ltd. now owns 99,420 shares of the airline’s stock worth $6,507,000 after buying an additional 56,960 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Southwest Airlines by 39.6% during the 4th quarter. Caisse DE Depot ET Placement DU Quebec now owns 123,418 shares of the airline’s stock valued at $8,078,000 after purchasing an additional 35,000 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of Southwest Airlines by 162.0% during the 4th quarter. State of Alaska Department of Revenue now owns 83,494 shares of the airline’s stock valued at $5,462,000 after purchasing an additional 51,620 shares during the last quarter. Advanced Asset Management Advisors Inc bought a new position in shares of Southwest Airlines during the 4th quarter valued at about $995,000. Finally, American International Group Inc. boosted its holdings in shares of Southwest Airlines by 2.5% during the 4th quarter. American International Group Inc. now owns 204,506 shares of the airline’s stock valued at $13,385,000 after purchasing an additional 4,961 shares during the last quarter. Institutional investors and hedge funds own 80.09% of the company’s stock.
Shares of NYSE:LUV opened at $55.29 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Southwest Airlines has a 12 month low of $49.76 and a 12 month high of $66.99. The stock has a market capitalization of $33,136.92, a P/E ratio of 15.80, a price-to-earnings-growth ratio of 1.43 and a beta of 1.14.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, beating the Zacks’ 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 during the quarter, compared to the consensus estimate of $5.25 billion. During the same quarter last year, the firm earned $0.75 EPS. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. sell-side analysts forecast that Southwest Airlines will post 4.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Tuesday, March 6th. Southwest Airlines’s payout ratio is 14.29%.
Several research firms have commented on LUV. Stephens reissued a “buy” rating and set a $75.00 price objective on shares of Southwest Airlines in a report on Thursday, March 29th. Morgan Stanley dropped their price objective on shares of Southwest Airlines from $74.00 to $72.00 and set an “overweight” rating for the company in a report on Monday, March 26th. Buckingham Research raised shares of Southwest Airlines from a “neutral” rating to a “buy” rating and set a $106.00 price objective for the company in a report on Thursday, March 22nd. They noted that the move was a valuation call. UBS dropped their price objective on shares of Southwest Airlines from $75.00 to $70.00 and set a “buy” rating for the company in a report on Thursday, March 22nd. Finally, Zacks Investment Research downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, March 13th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and an average price target of $70.60.
In other news, Director William H. Dr Cunningham acquired 3,500 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $56.25 per share, with a total value of $196,875.00. Following the completion of the purchase, the director now directly owns 70,469 shares in the company, valued at $3,963,881.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Gary C. Kelly sold 38,779 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $57.95, for a total transaction of $2,247,243.05. Following the completion of the sale, the chairman now directly owns 581,029 shares of the company’s stock, valued at approximately $33,670,630.55. The disclosure for this sale can be found here. In the last three months, insiders sold 108,473 shares of company stock valued at $6,296,091. 0.21% of the stock is owned by insiders.
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Southwest Airlines Company Profile
Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, Turks, and Chaos.
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