Lucia Wealth Services LLC acquired a new stake in shares of Southwest Airlines Co (NYSE:LUV) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,956 shares of the airline’s stock, valued at approximately $227,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in LUV. South Dakota Investment Council raised its holdings in shares of Southwest Airlines by 245.7% in the 1st quarter. South Dakota Investment Council now owns 15,900 shares of the airline’s stock valued at $911,000 after purchasing an additional 11,300 shares in the last quarter. Stratos Wealth Partners LTD. raised its holdings in shares of Southwest Airlines by 3.0% in the 1st quarter. Stratos Wealth Partners LTD. now owns 72,646 shares of the airline’s stock valued at $4,161,000 after purchasing an additional 2,122 shares in the last quarter. Toronto Dominion Bank raised its holdings in shares of Southwest Airlines by 1,282.5% in the 1st quarter. Toronto Dominion Bank now owns 960,479 shares of the airline’s stock valued at $55,012,000 after purchasing an additional 891,006 shares in the last quarter. Matarin Capital Management LLC bought a new stake in shares of Southwest Airlines in the 1st quarter valued at about $3,516,000. Finally, Sfmg LLC raised its holdings in shares of Southwest Airlines by 17.7% in the 1st quarter. Sfmg LLC now owns 7,193 shares of the airline’s stock valued at $412,000 after purchasing an additional 1,084 shares in the last quarter. Institutional investors own 80.23% of the company’s stock.
LUV stock opened at $51.21 on Friday. The firm has a market capitalization of $29.18 billion, a PE ratio of 14.63, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.50. Southwest Airlines Co has a 12 month low of $49.76 and a 12 month high of $66.99.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, beating the consensus estimate of $0.74 by $0.01. The business had revenue of $4.94 billion for 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 business’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 EPS. research analysts expect that Southwest Airlines Co will post 4.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Investors of record on Wednesday, June 6th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, June 5th. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.13. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Southwest Airlines’s dividend payout ratio is 14.29%.
Several research firms have recently commented on LUV. Stephens restated a “buy” rating and issued a $75.00 price target on shares of Southwest Airlines in a report on Thursday, March 29th. Buckingham Research reduced their price objective on shares of Southwest Airlines from $70.00 to $68.00 and set a “buy” rating for the company in a research note on Monday, May 14th. ValuEngine lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, May 7th. Zacks Investment Research lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. Finally, Morgan Stanley reduced their price objective on shares of Southwest Airlines from $72.00 to $69.00 and set an “overweight” rating for the company in a research note on Thursday, April 12th. Three equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and sixteen have given a buy rating to the stock. Southwest Airlines has a consensus rating of “Buy” and a consensus price target of $68.55.
In related news, Director Douglas H. Brooks sold 10,000 shares of the 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 sale, the director now directly owns 56,269 shares of the company’s stock, valued at $3,378,953.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO De Ven Michael G. Van sold 31,099 shares of the stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $57.35, for a total transaction of $1,783,527.65. Following the sale, the chief operating officer now directly owns 172,883 shares in the company, valued at $9,914,840.05. The disclosure for this sale can be found here. Insiders have sold 49,422 shares of company stock worth $2,874,086 over the last three months. 0.23% of the stock is currently owned by insiders.
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.
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