Sciencast Management LP bought a new position in shares of Southwest Airlines Co (NYSE:LUV) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 17,571 shares of the airline’s stock, valued at approximately $1,138,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in LUV. Victory Capital Management Inc. raised its stake in shares of Southwest Airlines by 194.6% during the 3rd quarter. Victory Capital Management Inc. now owns 332,861 shares of the airline’s stock worth $18,634,000 after buying an additional 219,883 shares in the last quarter. Private Wealth Partners LLC grew its holdings in shares of Southwest Airlines by 2,098.3% in the 3rd quarter. Private Wealth Partners LLC now owns 113,365 shares of the airline’s stock worth $6,346,000 after acquiring an additional 108,208 shares during the period. CIBC Asset Management Inc grew its holdings in Southwest Airlines by 274.3% during the 3rd quarter. CIBC Asset Management Inc now owns 231,597 shares of the airline’s stock valued at $12,965,000 after buying an additional 169,724 shares during the last quarter. New York State Common Retirement Fund grew its holdings in Southwest Airlines by 0.9% during the 3rd quarter. New York State Common Retirement Fund now owns 1,664,477 shares of the airline’s stock valued at $93,177,000 after buying an additional 14,219 shares during the last quarter. Finally, Court Place Advisors LLC grew its holdings in Southwest Airlines by 100.2% during the 3rd quarter. Court Place Advisors LLC now owns 47,105 shares of the airline’s stock valued at $2,637,000 after buying an additional 23,580 shares during the last quarter. 80.03% of the stock is owned by hedge funds and other institutional investors.
Shares of Southwest Airlines Co (NYSE:LUV) traded up $0.09 during trading on Tuesday, reaching $60.69. 73,930 shares of the company’s stock traded hands, compared to its average volume of 4,962,289. Southwest Airlines Co has a 1 year low of $49.76 and a 1 year high of $66.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. The company has a market capitalization of $35,806.21, a PE ratio of 10.41, a price-to-earnings-growth ratio of 1.53 and a beta of 1.20.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same period last year, the business posted $0.75 earnings per share. equities analysts expect that Southwest Airlines Co will post 4.96 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 8.59%.
In other Southwest Airlines news, Director William H. Dr Cunningham bought 3,500 shares of Southwest Airlines stock in a transaction on 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 acquisition, the director now directly owns 70,469 shares of the company’s stock, valued at approximately $3,963,881.25. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas H. Brooks sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $60.05, for a total transaction of $600,500.00. Following the completion of the sale, the director now directly owns 56,269 shares in the company, valued at $3,378,953.45. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 108,473 shares of company stock valued at $6,296,091. 0.21% of the stock is currently owned by corporate insiders.
Several research analysts recently weighed in on LUV shares. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Vetr upgraded Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target for the company in a research note on Monday, January 1st. JPMorgan Chase & Co. downgraded Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research note on Tuesday, January 30th. Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Tuesday, January 30th. Finally, Cowen reaffirmed a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Southwest Airlines presently has a consensus rating of “Buy” and an average target price of $67.83.
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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