KCM Investment Advisors LLC reduced its position in Southwest Airlines Company (NYSE:LUV) by 30.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,935 shares of the airline’s stock after selling 2,588 shares during the period. KCM Investment Advisors LLC’s holdings in Southwest Airlines were worth $369,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. BDO Wealth Advisors LLC purchased a new position in Southwest Airlines in the 2nd quarter valued at about $102,000. Pittenger & Anderson Inc. lifted its position in shares of Southwest Airlines by 13.5% during the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after purchasing an additional 250 shares during the last quarter. National Pension Service bought a new position in shares of Southwest Airlines during the second quarter worth about $141,000. Guardian Life Insurance Co. of America lifted its position in shares of Southwest Airlines by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after purchasing an additional 15 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Southwest Airlines by 6.6% during the first quarter. Van ECK Associates Corp now owns 2,502 shares of the airline’s stock worth $135,000 after purchasing an additional 154 shares during the last quarter. 79.42% of the stock is owned by institutional investors.

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Several brokerages have recently commented on LUV. J P Morgan Chase & Co raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $60.00 to $66.00 in a research report on Friday. Barclays PLC reaffirmed a “hold” rating and set a $61.00 price target on shares of Southwest Airlines in a research report on Thursday. Morgan Stanley reaffirmed an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Citigroup Inc. reaffirmed a “buy” rating and set a $64.00 price target (down previously from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. Finally, Cowen and Company reaffirmed a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $67.77.

In other Southwest Airlines news, Director William H. Dr Cunningham bought 4,500 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were acquired at an average cost of $54.00 per share, for a total transaction of $243,000.00. Following the transaction, the director now owns 66,969 shares in the company, valued at $3,616,326. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.21% of the stock is currently owned by insiders.

Southwest Airlines Company (NYSE:LUV) opened at 54.72 on Friday. Southwest Airlines Company has a one year low of $36.31 and a one year high of $64.39. The firm has a 50-day moving average of $53.74 and a 200-day moving average of $56.91. The company has a market cap of $32.75 billion, a PE ratio of 16.78 and a beta of 1.29.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.04. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The business had revenue of $5.74 billion for the quarter, compared to analyst estimates of $5.73 billion. During the same period in the previous year, the business earned $1.19 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. On average, analysts predict that Southwest Airlines Company will post $3.73 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were given a dividend of $0.125 per share. The ex-dividend date was Tuesday, August 22nd. This represents a $0.50 annualized dividend and a dividend yield of 0.91%. Southwest Airlines’s dividend payout ratio (DPR) is currently 15.34%.

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

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