BlackRock Inc. lifted its position in Southwest Airlines Co (NYSE:LUV) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,879,666 shares of the airline’s stock after purchasing an additional 585,430 shares during the quarter. BlackRock Inc. owned about 0.05% of Southwest Airlines worth $1,955,625,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. BB&T Investment Services Inc. grew its holdings in Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after acquiring an additional 1,211 shares during the period. Cerebellum GP LLC acquired a new stake in Southwest Airlines during the fourth quarter worth about $127,000. SeaCrest Wealth Management LLC acquired a new stake in Southwest Airlines during the fourth quarter worth about $136,000. Grove Bank & Trust grew its holdings in Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after acquiring an additional 1,880 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Southwest Airlines by 580.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock worth $170,000 after acquiring an additional 2,224 shares during the period. Hedge funds and other institutional investors own 77.97% of the company’s stock.
Shares of Southwest Airlines Co (NYSE LUV) opened at $58.27 on Monday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. Southwest Airlines Co has a 1-year low of $49.76 and a 1-year high of $66.99. The company has a market capitalization of $34,260.00, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $5.25 billion. During the same period last year, the company earned $0.75 earnings per share. Southwest Airlines’s quarterly revenue was up 3.9% compared to the same quarter last year. equities research analysts anticipate that Southwest Airlines Co will post 5 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.86%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s payout ratio is currently 14.49%.
Several research firms recently commented on LUV. ValuEngine lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 target price on the stock in a report on Tuesday, December 26th. Cowen reaffirmed a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a report on Tuesday, January 9th. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a report on Tuesday, January 9th. Finally, Atlantic Securities raised Southwest Airlines from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $48.71 to $71.00 in a report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. Southwest Airlines has an average rating of “Buy” and an average target price of $67.97.
In other news, Director William H. Dr Cunningham purchased 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were purchased at an average cost 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 of the company’s stock, valued at approximately $3,963,881.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total value of $107,242.65. Following the completion of the sale, the director now directly owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by company insiders.
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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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