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%.

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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.

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

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