Commerce Bank Sells 1,963 Shares of Southwest Airlines (LUV)

Commerce Bank lowered its position in shares of Southwest Airlines (NYSE:LUV) by 9.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,910 shares of the airline’s stock after selling 1,963 shares during the quarter. Commerce Bank’s holdings in Southwest Airlines were worth $1,141,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Summit Global Investments raised its holdings in shares of Southwest Airlines by 83.1% during the first quarter. Summit Global Investments now owns 37,491 shares of the airline’s stock valued at $2,147,000 after acquiring an additional 17,014 shares during the period. BancorpSouth Bank raised its holdings in shares of Southwest Airlines by 67.8% during the first quarter. BancorpSouth Bank now owns 11,148 shares of the airline’s stock valued at $639,000 after acquiring an additional 4,503 shares during the period. Annex Advisory Services LLC raised its holdings in shares of Southwest Airlines by 18.6% during the first quarter. Annex Advisory Services LLC now owns 35,681 shares of the airline’s stock valued at $2,044,000 after acquiring an additional 5,595 shares during the period. Mackay Shields LLC acquired a new stake in shares of Southwest Airlines during the first quarter valued at approximately $9,171,000. Finally, Zeke Capital Advisors LLC raised its holdings in shares of Southwest Airlines by 16.9% during the first quarter. Zeke Capital Advisors LLC now owns 12,407 shares of the airline’s stock valued at $711,000 after acquiring an additional 1,790 shares during the period. Institutional investors and hedge funds own 82.94% of the company’s stock.

LUV stock opened at $52.47 on Friday. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $30.74 billion, a price-to-earnings ratio of 14.56, a price-to-earnings-growth ratio of 0.88 and a beta of 1.16. Southwest Airlines has a 12 month low of $51.61 and a 12 month high of $52.98.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.01. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $5 billion. Southwest Airlines had a net margin of 16.95% and a return on equity of 23.25%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.61 earnings per share. equities research analysts predict that Southwest Airlines will post 4.56 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.22%. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Tuesday, June 5th. Southwest Airlines’s payout ratio is currently 14.29%.

In related news, COO De Ven Michael G. Van sold 31,099 shares of the company’s stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $57.35, for a total transaction of $1,783,527.65. Following the completion of the sale, the chief operating officer now directly owns 172,883 shares of the company’s stock, valued at approximately $9,914,840.05. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Gary C. Kelly sold 38,779 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $57.95, for a total transaction of $2,247,243.05. Following the sale, the chairman now directly owns 581,029 shares of the company’s stock, valued at $33,670,630.55. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,473 shares of company stock valued at $6,296,091. 0.23% of the stock is owned by insiders.

A number of equities research analysts have recently issued reports on the stock. Cowen cut their price target on shares of Southwest Airlines from $67.00 to $65.00 and set an “outperform” rating on the stock in a report on Friday, April 27th. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, April 11th. Stephens reiterated a “buy” rating and issued a $75.00 price objective on shares of Southwest Airlines in a research note on Thursday, March 29th. Vetr lowered shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $63.03 price objective on the stock. in a research note on Tuesday, February 27th. Finally, Buckingham Research dropped their price objective on shares of Southwest Airlines from $70.00 to $68.00 and set a “buy” rating on the stock in a research note on Monday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $68.55.

Southwest Airlines Company Profile

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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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, Turks, and Chaos.

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

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