Thomas Story & Son LLC raised its stake in shares of Southwest Airlines Co (NYSE:LUV) by 0.4% in the 4th quarter, Holdings Channel reports. The firm owned 81,190 shares of the airline’s stock after purchasing an additional 300 shares during the quarter. Southwest Airlines accounts for 2.2% of Thomas Story & Son LLC’s investment portfolio, making the stock its 17th largest holding. Thomas Story & Son LLC’s holdings in Southwest Airlines were worth $4,383,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the stock. Boston Partners grew its holdings in Southwest Airlines by 9.6% during the 3rd quarter. Boston Partners now owns 9,365,183 shares of the airline’s stock worth $505,964,000 after acquiring an additional 818,490 shares during the period. Provident Trust Co. grew its stake in shares of Southwest Airlines by 5.2% in the 3rd quarter. Provident Trust Co. now owns 4,129,025 shares of the airline’s stock valued at $223,009,000 after buying an additional 204,395 shares during the period. Maj Invest Holding A S grew its stake in shares of Southwest Airlines by 0.6% in the 3rd quarter. Maj Invest Holding A S now owns 3,684,299 shares of the airline’s stock valued at $198,992,000 after buying an additional 22,487 shares during the period. Parametric Portfolio Associates LLC grew its stake in shares of Southwest Airlines by 5.0% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,682,917 shares of the airline’s stock valued at $90,894,000 after buying an additional 80,524 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC grew its stake in shares of Southwest Airlines by 6.9% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 1,125,658 shares of the airline’s stock valued at $57,161,000 after buying an additional 72,253 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.
LUV stock traded down $1.10 during mid-day trading on Monday, reaching $55.45. 24,188 shares of the company traded hands, compared to its average volume of 3,933,919. The stock has a market cap of $29.76 billion, a price-to-earnings ratio of 12.98, a P/E/G ratio of 1.41 and a beta of 1.40. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.30. Southwest Airlines Co has a fifty-two week low of $47.40 and a fifty-two week high of $58.77. The firm’s 50 day moving average price is $54.60 and its 200 day moving average price is $54.05.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.11). Southwest Airlines had a net margin of 10.26% and a return on equity of 23.31%. The company had revenue of $5.73 billion for the quarter, compared to analyst estimates of $5.74 billion. During the same quarter last year, the firm posted $1.17 EPS. Southwest Airlines’s revenue for the quarter was up .4% on a year-over-year basis. On average, analysts anticipate that Southwest Airlines Co will post 4.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Wednesday, December 11th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 10th. This represents a $0.72 annualized dividend and a dividend yield of 1.30%. Southwest Airlines’s dividend payout ratio is currently 16.86%.
Several analysts have recently commented on LUV shares. Wolfe Research set a $62.00 target price on Southwest Airlines and gave the company a “buy” rating in a research note on Friday, October 25th. Morgan Stanley raised their target price on Southwest Airlines from $60.00 to $63.00 and gave the company an “overweight” rating in a research note on Thursday, October 10th. Sanford C. Bernstein downgraded Southwest Airlines from an “outperform” rating to a “market perform” rating and raised their target price for the company from $58.00 to $61.00 in a research note on Thursday, October 31st. Vertical Research downgraded Southwest Airlines from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a research note on Thursday, January 9th. Finally, Stifel Nicolaus downgraded Southwest Airlines from a “buy” rating to a “hold” rating and reduced their target price for the company from $75.00 to $60.00 in a research note on Monday, October 21st. Two equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. Southwest Airlines presently has an average rating of “Hold” and a consensus target price of $58.18.
Southwest Airlines 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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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, and Turks and Caicos.
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