Commonwealth Equity Services Inc grew its position in shares of Southwest Airlines Company (NYSE:LUV) by 11.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 103,582 shares of the airline’s stock after purchasing an additional 10,894 shares during the period. Commonwealth Equity Services Inc’s holdings in Southwest Airlines were worth $5,798,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of LUV. Boston Partners increased its stake in shares of Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock worth $278,822,000 after buying an additional 2,511,258 shares during the last quarter. Thrivent Financial For Lutherans increased its stake in Southwest Airlines by 35.6% during the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock valued at $257,901,000 after purchasing an additional 1,090,189 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Southwest Airlines by 13.1% during the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock valued at $549,016,000 after purchasing an additional 1,026,892 shares during the last quarter. Wells Fargo & Company MN increased its stake in Southwest Airlines by 65.4% during the second quarter. Wells Fargo & Company MN now owns 2,555,887 shares of the airline’s stock valued at $158,823,000 after purchasing an additional 1,010,966 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Southwest Airlines by 104.3% during the third quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock valued at $98,219,000 after purchasing an additional 895,770 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.
Southwest Airlines Company (LUV) traded down $0.56 on Friday, hitting $54.71. The stock had a trading volume of 3,102,518 shares, compared to its average volume of 4,936,785. Southwest Airlines Company has a 12 month low of $44.70 and a 12 month high of $64.39. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $32,464.26, a PE ratio of 15.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the prior year, the business earned $0.93 earnings per share. Southwest Airlines’s revenue for the quarter was up 2.6% compared to the same quarter last year. equities research analysts anticipate that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be given a $0.125 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.91%. Southwest Airlines’s dividend payout ratio is 14.37%.
In related news, Director John T. Montford sold 935 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.
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LUV has been the subject of several analyst reports. Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 price target on the stock in a research report on Monday, November 13th. Wolfe Research upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Barclays PLC reiterated a “hold” rating and issued a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a research report on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have given a buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and an average price target of $67.00.
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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