Stratos Wealth Partners LTD. boosted its position in Southwest Airlines Company (NYSE:LUV) by 6.8% during the first quarter, Holdings Channel reports. The firm owned 68,692 shares of the airline’s stock after buying an additional 4,351 shares during the period. Stratos Wealth Partners LTD.’s holdings in Southwest Airlines Company were worth $3,693,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Wellington Management Group LLP increased its stake in Southwest Airlines Company by 73.6% in the first quarter. Wellington Management Group LLP now owns 459,830 shares of the airline’s stock worth $24,720,000 after buying an additional 194,942 shares during the period. Principal Financial Group Inc. increased its stake in Southwest Airlines Company by 52.7% in the first quarter. Principal Financial Group Inc. now owns 1,357,946 shares of the airline’s stock worth $73,004,000 after buying an additional 468,859 shares during the period. CFO4Life Group LLC purchased a new stake in Southwest Airlines Company during the first quarter worth approximately $477,000. Knights of Columbus Asset Advisors LLC purchased a new stake in Southwest Airlines Company during the first quarter worth approximately $1,400,000. Finally, Van ECK Associates Corp increased its stake in Southwest Airlines Company by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,502 shares of the airline’s stock worth $135,000 after buying an additional 154 shares during the period. 80.58% of the stock is owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Southwest Airlines Company (NYSE:LUV)

Southwest Airlines Company (LUV) traded down 0.48% during mid-day trading on Tuesday, hitting $60.63. The stock had a trading volume of 922,976 shares. The firm has a market cap of $36.66 billion, a P/E ratio of 18.19 and a beta of 1.26. The stock has a 50-day moving average price of $59.04 and a 200 day moving average price of $54.70. Southwest Airlines Company has a 12-month low of $35.42 and a 12-month high of $61.24.

Southwest Airlines Company (NYSE:LUV) last released its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.62 by $0.01. The firm had revenue of $4.88 billion during the quarter, compared to analysts’ expectations of $4.91 billion. Southwest Airlines Company had a net margin of 10.16% and a return on equity of 26.75%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 earnings per share. Equities analysts anticipate that Southwest Airlines Company will post $3.84 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th will be issued a dividend of $0.125 per share. This is a boost from Southwest Airlines Company’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, June 5th. This represents a $0.50 annualized dividend and a dividend yield of 0.82%. Southwest Airlines Company’s dividend payout ratio (DPR) is 15.11%.

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A number of equities research analysts recently commented on the company. Atlantic Securities assumed coverage on Southwest Airlines Company in a report on Tuesday. They set a “neutral” rating and a $71.00 target price for the company. Zacks Investment Research raised Southwest Airlines Company from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Tuesday, June 13th. BidaskClub downgraded Southwest Airlines Company from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Vetr raised Southwest Airlines Company from a “hold” rating to a “buy” rating and set a $63.80 target price for the company in a report on Monday, June 5th. Finally, ValuEngine raised Southwest Airlines Company from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Southwest Airlines Company currently has a consensus rating of “Buy” and a consensus price target of $59.87.

In other news, COO De Ven Michael G. Van sold 15,273 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $57.14, for a total transaction of $872,699.22. Following the sale, the chief operating officer now owns 182,302 shares in the company, valued at $10,416,736.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Gary C. Kelly sold 51,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $57.06, for a total value of $2,910,060.00. Following the sale, the chairman now owns 556,808 shares in the company, valued at approximately $31,771,464.48. The disclosure for this sale can be found here. Insiders have sold 118,740 shares of company stock worth $6,923,568 in the last 90 days. Insiders own 0.18% of the company’s stock.

Southwest Airlines Company 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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