Sumitomo Mitsui Trust Holdings Inc. Reduces Position in Southwest Airlines Co (NYSE:LUV)

Sumitomo Mitsui Trust Holdings Inc. lessened its stake in shares of Southwest Airlines Co (NYSE:LUV) by 8.4% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 560,329 shares of the airline’s stock after selling 51,182 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Southwest Airlines were worth $28,454,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Curbstone Financial Management Corp lifted its stake in Southwest Airlines by 4.4% in the second quarter. Curbstone Financial Management Corp now owns 16,350 shares of the airline’s stock worth $830,000 after acquiring an additional 690 shares during the period. Enterprise Financial Services Corp lifted its stake in Southwest Airlines by 1,620.1% in the first quarter. Enterprise Financial Services Corp now owns 6,846 shares of the airline’s stock worth $355,000 after acquiring an additional 6,448 shares during the period. Strs Ohio lifted its stake in Southwest Airlines by 1.2% in the first quarter. Strs Ohio now owns 331,693 shares of the airline’s stock worth $17,218,000 after acquiring an additional 4,019 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Southwest Airlines by 5.3% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 29,080 shares of the airline’s stock worth $1,510,000 after acquiring an additional 1,472 shares during the period. Finally, Stanley Laman Group Ltd. lifted its stake in Southwest Airlines by 6.4% in the first quarter. Stanley Laman Group Ltd. now owns 20,137 shares of the airline’s stock worth $1,045,000 after acquiring an additional 1,208 shares during the period. 84.25% of the stock is owned by hedge funds and other institutional investors.

Shares of Southwest Airlines stock opened at $49.34 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.64 and a quick ratio of 0.59. The stock has a market capitalization of $27.12 billion, a price-to-earnings ratio of 11.64, a P/E/G ratio of 1.09 and a beta of 1.50. The firm’s fifty day moving average price is $51.75. Southwest Airlines Co has a 12 month low of $44.28 and a 12 month high of $64.02.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 EPS for the quarter, beating the consensus estimate of $1.35 by $0.02. The business had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.94 billion. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. As a group, equities analysts expect that Southwest Airlines Co will post 4.35 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.46%. The ex-dividend date is Tuesday, August 20th. Southwest Airlines’s dividend payout ratio is currently 16.98%.

A number of analysts recently commented on the company. Cowen reaffirmed a “market perform” rating and issued a $57.00 price target (up previously from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Argus lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Imperial Capital reaffirmed an “in-line” rating and issued a $55.00 price target (up previously from $52.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Finally, Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $57.52.

About Southwest Airlines

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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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, and Turks and Caicos.

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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