Bokf Na raised its position in shares of Southwest Airlines Co. (NYSE:LUV) by 5.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,318 shares of the airline’s stock after buying an additional 1,377 shares during the period. Bokf Na’s holdings in Southwest Airlines were worth $985,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Strs Ohio increased its position in shares of Southwest Airlines by 393.0% in the second quarter. Strs Ohio now owns 776,030 shares of the airline’s stock worth $30,428,000 after buying an additional 618,608 shares during the last quarter. Calamos Advisors LLC increased its position in shares of Southwest Airlines by 15.9% in the second quarter. Calamos Advisors LLC now owns 1,242,786 shares of the airline’s stock worth $48,730,000 after buying an additional 170,752 shares during the last quarter. Rhumbline Advisers increased its position in shares of Southwest Airlines by 3.1% in the third quarter. Rhumbline Advisers now owns 999,581 shares of the airline’s stock worth $38,874,000 after buying an additional 29,726 shares during the last quarter. Prudential Financial Inc. increased its position in shares of Southwest Airlines by 7.3% in the third quarter. Prudential Financial Inc. now owns 4,190,289 shares of the airline’s stock worth $162,961,000 after buying an additional 284,963 shares during the last quarter. Finally, Capital Fund Management S.A. increased its position in shares of Southwest Airlines by 472.4% in the second quarter. Capital Fund Management S.A. now owns 1,718,192 shares of the airline’s stock worth $67,370,000 after buying an additional 1,418,012 shares during the last quarter. 75.61% of the stock is owned by hedge funds and other institutional investors.
Southwest Airlines Co. (NYSE:LUV) traded down 0.62% during midday trading on Thursday, hitting $50.07. 4,238,086 shares of the stock traded hands. Southwest Airlines Co. has a one year low of $33.96 and a one year high of $52.20. The stock has a market cap of $30.82 billion, a price-to-earnings ratio of 14.23 and a beta of 0.91. The company has a 50-day moving average price of $49.86 and a 200 day moving average price of $42.16.
Southwest Airlines (NYSE:LUV) last released its earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. The company had revenue of $5.10 billion for the quarter, compared to analyst estimates of $5.17 billion. Southwest Airlines had a net margin of 11.09% and a return on equity of 32.51%. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 EPS. Equities research analysts anticipate that Southwest Airlines Co. will post $3.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, January 5th. Shareholders of record on Thursday, December 8th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, December 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.80%. Southwest Airlines’s dividend payout ratio (DPR) is presently 11.40%.
LUV has been the subject of several analyst reports. Bank of America Corp. set a $50.00 price objective on shares of Southwest Airlines and gave the stock a “buy” rating in a research note on Saturday, October 1st. Citigroup Inc. initiated coverage on shares of Southwest Airlines in a research note on Friday, November 18th. They issued a “buy” rating and a $57.00 price objective for the company. Vetr downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $52.66 price objective for the company. in a research note on Tuesday, December 20th. Zacks Investment Research raised shares of Southwest Airlines from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 22nd. Finally, Imperial Capital raised their price objective on shares of Southwest Airlines from $46.00 to $57.00 and gave the stock an “outperform” rating in a research note on Tuesday, November 22nd. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. Southwest Airlines has an average rating of “Buy” and an average target price of $54.82.
In other Southwest Airlines news, EVP Jeff Lamb sold 14,534 shares of the stock in a transaction that occurred on Friday, December 2nd. The shares were sold at an average price of $48.10, for a total value of $699,085.40. Following the sale, the executive vice president now directly owns 117,188 shares of the company’s stock, valued at approximately $5,636,742.80. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John T. Montford sold 510 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $50.93, for a total transaction of $25,974.30. Following the completion of the sale, the director now directly owns 23,715 shares in the company, valued at $1,207,804.95. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.
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