King Luther Capital Management Corp Sells 296 Shares of Southwest Airlines Company (LUV)
King Luther Capital Management Corp cut its holdings in Southwest Airlines Company (NYSE:LUV) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,386 shares of the airline’s stock after selling 296 shares during the period. King Luther Capital Management Corp’s holdings in Southwest Airlines were worth $1,018,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of LUV. American Century Companies Inc. lifted its stake in Southwest Airlines by 0.3% in the first quarter. American Century Companies Inc. now owns 84,955 shares of the airline’s stock worth $4,567,000 after purchasing an additional 290 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in Southwest Airlines in the first quarter worth $292,000. Intrust Bank NA lifted its stake in Southwest Airlines by 10.2% in the first quarter. Intrust Bank NA now owns 5,493 shares of the airline’s stock worth $296,000 after purchasing an additional 508 shares during the last quarter. Karp Capital Management Corp bought a new stake in Southwest Airlines in the first quarter worth $13,992,000. Finally, TD Asset Management Inc. lifted its stake in Southwest Airlines by 52.9% in the first quarter. TD Asset Management Inc. now owns 698,002 shares of the airline’s stock worth $37,525,000 after purchasing an additional 241,361 shares during the last quarter. 79.42% of the stock is owned by institutional investors and hedge funds.
Several research firms have weighed in on LUV. J P Morgan Chase & Co raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $66.00 in a research note on Friday. Barclays PLC reissued a “hold” rating and issued a $61.00 price target on shares of Southwest Airlines in a research note on Thursday, September 14th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research note on Tuesday, September 12th. Citigroup Inc. reissued a “buy” rating and issued a $64.00 price target (down from $65.00) on shares of Southwest Airlines in a research note on Thursday, September 7th. Finally, Cowen and Company reissued a “buy” rating and issued a $67.00 price target on shares of Southwest Airlines in a research note on Friday, September 1st. One analyst has rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and an average target price of $67.77.
Southwest Airlines Company (NYSE:LUV) opened at 54.09 on Tuesday. The stock has a market cap of $32.38 billion, a PE ratio of 16.59 and a beta of 1.29. The company’s 50 day moving average is $53.67 and its 200 day moving average is $56.86. Southwest Airlines Company has a 12 month low of $36.31 and a 12 month high of $64.39.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The company had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter last year, the business posted $1.19 EPS. The firm’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts anticipate that Southwest Airlines Company will post $3.72 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 0.92%. Southwest Airlines’s payout ratio is 15.34%.
ILLEGAL ACTIVITY NOTICE: “King Luther Capital Management Corp Sells 296 Shares of Southwest Airlines Company (LUV)” was first published by Daily Political and is the sole property of of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of US and international copyright & trademark laws. The correct version of this news story can be accessed at https://www.dailypolitical.com/2017/09/19/king-luther-capital-management-corp-sells-296-shares-of-southwest-airlines-company-luv.html.
In related news, Director William H. Dr Cunningham acquired 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was bought at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the acquisition, the director now directly owns 66,969 shares of the company’s stock, valued at approximately $3,616,326. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.21% of the company’s stock.
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.
Receive News & Ratings for Southwest Airlines Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines Company and related companies with MarketBeat.com's FREE daily email newsletter.