Southwest Airlines Co. (LUV) Shares Bought by Brown Advisory Inc.
Brown Advisory Inc. boosted its position in shares of Southwest Airlines Co. (NYSE:LUV) by 4.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,256 shares of the airline’s stock after buying an additional 2,993 shares during the period. Brown Advisory Inc.’s holdings in Southwest Airlines were worth $2,519,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of LUV. Norges Bank purchased a new position in Southwest Airlines during the fourth quarter worth about $105,780,000. Glenmede Trust Co. NA boosted its position in Southwest Airlines by 135.2% in the first quarter. Glenmede Trust Co. NA now owns 1,270,537 shares of the airline’s stock worth $56,919,000 after buying an additional 730,317 shares during the period. Sii Investments Inc. WI boosted its position in Southwest Airlines by 15.9% in the first quarter. Sii Investments Inc. WI now owns 36,082 shares of the airline’s stock worth $1,617,000 after buying an additional 4,945 shares during the period. Apex Capital Management boosted its position in Southwest Airlines by 0.4% in the first quarter. Apex Capital Management now owns 15,978 shares of the airline’s stock worth $716,000 after buying an additional 65 shares during the period. Finally, Telemus Capital LLC purchased a new position in Southwest Airlines during the first quarter worth about $261,000. Institutional investors own 78.34% of the company’s stock.
Southwest Airlines Co. (NYSE:LUV) traded down 0.86% during midday trading on Friday, reaching $37.01. 1,086,461 shares of the company traded hands. The stock has a market capitalization of $22.95 billion, a P/E ratio of 9.82 and a beta of 0.84. Southwest Airlines Co. has a 12-month low of $33.96 and a 12-month high of $51.34. The company has a 50 day moving average of $36.99 and a 200-day moving average of $40.94.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 21st. The airline reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.02. The company earned $5.38 billion during the quarter, compared to the consensus estimate of $5.41 billion. Southwest Airlines had a net margin of 11.95% and a return on equity of 34.25%. Southwest Airlines’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 EPS. Equities analysts anticipate that Southwest Airlines Co. will post $3.78 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 18th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.07%. The ex-dividend date was Tuesday, August 16th. Southwest Airlines’s payout ratio is 10.61%.
A number of research analysts have recently issued reports on LUV shares. Vetr cut shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $48.33 target price for the company. in a research note on Wednesday, June 8th. Cowen and Company cut their target price on shares of Southwest Airlines from $51.00 to $49.00 and set an “outperform” rating for the company in a research note on Friday, June 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $57.00 target price on shares of Southwest Airlines in a research note on Saturday, June 25th. Credit Suisse Group AG reissued an “outperform” rating on shares of Southwest Airlines in a report on Wednesday, July 6th. Finally, Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday, July 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $47.85.
In other Southwest Airlines news, insider Gary C. Kelly purchased 28,106 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was purchased at an average cost of $35.58 per share, for a total transaction of $1,000,011.48. Following the transaction, the insider now owns 505,119 shares in the company, valued at approximately $17,972,134.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO De Ven Michael G. Van purchased 4,200 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average price of $35.77 per share, with a total value of $150,234.00. Following the completion of the transaction, the chief operating officer now owns 183,245 shares in the company, valued at approximately $6,554,673.65. The disclosure for this purchase can be found here. 0.18% of the stock is currently 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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