Cetera Advisor Networks LLC boosted its stake in Southwest Airlines Co (NYSE:LUV) by 10.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,283 shares of the airline’s stock after purchasing an additional 1,386 shares during the quarter. Cetera Advisor Networks LLC’s holdings in Southwest Airlines were worth $937,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. BB&T Investment Services Inc. grew its position in Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after acquiring an additional 1,211 shares during the last quarter. Cerebellum GP LLC bought a new position in Southwest Airlines during the fourth quarter valued at approximately $127,000. SeaCrest Wealth Management LLC bought a new position in Southwest Airlines during the fourth quarter valued at approximately $136,000. Grove Bank & Trust grew its position in Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after acquiring an additional 1,880 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its position in Southwest Airlines by 580.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock valued at $170,000 after acquiring an additional 2,224 shares during the last quarter. 77.97% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have commented on the stock. Bank of America cut shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Tuesday, January 9th. Vetr upgraded shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target on the stock in a research report on Tuesday, December 26th. Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their price target for the company from $48.71 to $71.00 in a research report on Thursday, December 14th. ValuEngine cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. Southwest Airlines presently has an average rating of “Buy” and an average price target of $67.97.
Southwest Airlines Co (NYSE LUV) opened at $58.27 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a fifty-two week low of $49.76 and a fifty-two week high of $66.99. The stock has a market cap of $34,260.00, a P/E ratio of 16.89, a PEG ratio of 1.04 and a beta of 1.17.
Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.76 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The business’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.75 earnings per share. research analysts forecast that Southwest Airlines Co will post 5 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio (DPR) is currently 14.49%.
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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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