Fort Washington Investment Advisors Inc. OH Sells 10,028 Shares of Southwest Airlines Company (LUV)

Fort Washington Investment Advisors Inc. OH trimmed its position in Southwest Airlines Company (NYSE:LUV) by 34.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,803 shares of the airline’s stock after selling 10,028 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Southwest Airlines were worth $1,169,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of LUV. BlackRock Inc. grew its stake in Southwest Airlines by 4,163.3% in the first quarter. BlackRock Inc. now owns 34,983,319 shares of the airline’s stock worth $1,880,703,000 after purchasing an additional 34,162,752 shares during the period. Ameriprise Financial Inc. grew its stake in Southwest Airlines by 80.3% in the first quarter. Ameriprise Financial Inc. now owns 7,809,175 shares of the airline’s stock worth $419,796,000 after purchasing an additional 3,477,912 shares during the period. Egerton Capital UK LLP grew its stake in Southwest Airlines by 39.0% in the first quarter. Egerton Capital UK LLP now owns 9,401,341 shares of the airline’s stock worth $505,416,000 after purchasing an additional 2,638,743 shares during the period. Boston Partners purchased a new stake in Southwest Airlines in the second quarter worth $153,454,000. Finally, Skandinaviska Enskilda Banken AB publ grew its stake in Southwest Airlines by 8,363.9% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,852,840 shares of the airline’s stock worth $99,609,000 after purchasing an additional 1,830,949 shares during the period. 79.42% of the stock is currently owned by institutional investors.

Southwest Airlines Company (NYSE LUV) opened at 54.72 on Friday. The stock’s 50 day moving average price is $53.74 and its 200-day moving average price is $56.91. The company has a market capitalization of $32.75 billion, a P/E ratio of 16.78 and a beta of 1.29. Southwest Airlines Company has a one year low of $36.31 and a one year high of $64.39.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.20 by $0.04. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The business’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.19 EPS. Equities analysts forecast that Southwest Airlines Company will post $3.73 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were given a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.91%. Southwest Airlines’s payout ratio is 15.34%.

Several equities research analysts have commented on the company. Sanford C. Bernstein reissued an “outperform” rating and issued a $70.00 target price on shares of Southwest Airlines in a report on Thursday, July 13th. BidaskClub downgraded Southwest Airlines from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Zacks Investment Research downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Vetr raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $64.21 target price on the stock in a report on Tuesday, June 27th. Finally, ValuEngine raised Southwest Airlines from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $67.77.

In other Southwest Airlines news, Director William H. Dr Cunningham acquired 4,500 shares of the stock in a transaction dated Friday, August 11th. The stock was purchased at an average price of $54.00 per share, with a total value of $243,000.00. Following the transaction, the director now directly owns 66,969 shares of the company’s stock, valued at $3,616,326. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.21% of the stock is owned by company insiders.

WARNING: “Fort Washington Investment Advisors Inc. OH Sells 10,028 Shares of Southwest Airlines Company (LUV)” was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/09/17/fort-washington-investment-advisors-inc-oh-sells-10028-shares-of-southwest-airlines-company-luv.html.

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.

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

Receive News & Ratings for Southwest Airlines Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply