Southwest Airlines Company (LUV) is Dalal Street LLC’s 6th Largest Position
Dalal Street LLC continued to hold its stake in Southwest Airlines Company (NYSE:LUV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 300,975 shares of the airline’s stock at the end of the second quarter. Southwest Airlines comprises about 4.6% of Dalal Street LLC’s holdings, making the stock its 6th largest holding. Dalal Street LLC owned approximately 0.05% of Southwest Airlines worth $18,703,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the stock. Guardian Life Insurance Co. of America lifted its stake in Southwest Airlines by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after acquiring an additional 15 shares during the last quarter. Buckingham Asset Management LLC lifted its stake in Southwest Airlines by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,690 shares of the airline’s stock worth $306,000 after acquiring an additional 16 shares during the last quarter. Bank of Hawaii lifted its stake in Southwest Airlines by 0.3% in the first quarter. Bank of Hawaii now owns 12,867 shares of the airline’s stock worth $692,000 after acquiring an additional 35 shares during the last quarter. First Heartland Consultants Inc. lifted its stake in Southwest Airlines by 0.3% in the first quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock worth $876,000 after acquiring an additional 43 shares during the last quarter. Finally, Harwood Advisory Group LLC lifted its stake in Southwest Airlines by 0.9% in the second quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock worth $348,000 after acquiring an additional 51 shares during the last quarter. Institutional investors own 79.42% of the company’s stock.
In related news, Director William H. Dr Cunningham purchased 4,500 shares of the firm’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $54.00 per share, for a total transaction of $243,000.00. Following the transaction, 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 accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.
A number of research analysts recently issued reports on LUV shares. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a research note on Friday, May 26th. Argus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and lifted their price target for the stock from $61.76 to $68.00 in a research note on Thursday, June 22nd. BidaskClub upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. ValuEngine upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.26.
Shares of Southwest Airlines Company (NYSE LUV) traded down 0.20% during trading on Friday, hitting $54.52. 845,017 shares of the stock were exchanged. The company has a market cap of $32.63 billion, a price-to-earnings ratio of 16.72 and a beta of 1.29. Southwest Airlines Company has a 12-month low of $36.31 and a 12-month high of $64.39. The firm has a 50 day moving average of $53.62 and a 200-day moving average of $56.82.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter last year, the company posted $1.19 EPS. Southwest Airlines’s revenue for the quarter was up 6.7% on a year-over-year basis. On average, analysts forecast that Southwest Airlines Company will post $3.70 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were given a $0.125 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.92%. Southwest Airlines’s dividend payout ratio (DPR) is 15.34%.
About Southwest Airlines
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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