NWQ Investment Management Company LLC lessened its stake in Southwest Airlines Company (NYSE:LUV) by 12.5% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,163,672 shares of the airline’s stock after selling 165,558 shares during the quarter. NWQ Investment Management Company LLC owned about 0.20% of Southwest Airlines worth $65,142,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BB&T Investment Services Inc. boosted its holdings in shares of Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares during the last quarter. BDO Wealth Advisors LLC acquired a new position in shares of Southwest Airlines in the 2nd quarter valued at $102,000. Pittenger & Anderson Inc. boosted its holdings in shares of Southwest Airlines by 13.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after purchasing an additional 250 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Southwest Airlines by 365.0% in the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after purchasing an additional 1,880 shares during the last quarter. Finally, Harfst & Associates Inc. boosted its holdings in shares of Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares during the last quarter. Institutional investors own 78.87% of the company’s stock.
LUV has been the topic of several recent research reports. Vetr lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price on the stock. in a report on Wednesday, October 4th. Wolfe Research upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. Barclays restated a “hold” rating and set a $61.00 target price on shares of Southwest Airlines in a report on Thursday, September 14th. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Finally, Raymond James Financial upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 target price on the stock in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $66.89.
Shares of Southwest Airlines Company (NYSE LUV) traded down $0.31 during mid-day trading on Wednesday, reaching $61.72. 4,508,700 shares of the company’s stock were exchanged, compared to its average volume of 5,246,220. Southwest Airlines Company has a 52-week low of $47.16 and a 52-week high of $64.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. The firm has a market cap of $36,807.83, a price-to-earnings ratio of 17.88, a P/E/G ratio of 2.06 and a beta of 1.34.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same quarter in the previous year, the business posted $0.93 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. research analysts predict that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be issued a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.81%. Southwest Airlines’s dividend payout ratio is currently 14.37%.
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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