World Asset Management Inc decreased its stake in Southwest Airlines Company (NYSE:LUV) by 8.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 53,272 shares of the airline’s stock after selling 5,097 shares during the period. World Asset Management Inc owned approximately 8,977.57% of Southwest Airlines worth $2,982,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Stonebridge Capital Advisors LLC boosted its position in shares of Southwest Airlines by 0.6% in the second quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock worth $395,000 after buying an additional 35 shares during the period. Bank of Hawaii boosted its position in shares of Southwest Airlines by 0.3% in the second quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock worth $802,000 after buying an additional 39 shares during the period. Harwood Advisory Group LLC boosted its position in shares of 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 buying an additional 51 shares during the period. Alps Advisors Inc. boosted its position in shares of Southwest Airlines by 0.6% in the second quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock worth $624,000 after buying an additional 62 shares during the period. Finally, Farmers & Merchants Investments Inc. boosted its position in shares of Southwest Airlines by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock worth $164,000 after buying an additional 75 shares during the period. 79.58% of the stock is owned by institutional investors.

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Shares of Southwest Airlines Company (NYSE LUV) traded down $0.04 during midday trading on Friday, reaching $53.42. The company’s stock had a trading volume of 525,150 shares, compared to its average volume of 5,235,270. The firm has a market capitalization of $32,048.86, a PE ratio of 15.56, a P/E/G ratio of 1.79 and a beta of 1.31. Southwest Airlines Company has a 12-month low of $42.99 and a 12-month high of $64.39. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.93 earnings per share. research analysts anticipate that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Thursday. J P Morgan Chase & Co boosted their price target on Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a research note on Wednesday, November 1st. Vetr cut Southwest Airlines from a “strong-buy” rating to a “sell” rating and set a $48.78 price target on the stock. in a research note on Monday. Finally, Sanford C. Bernstein reiterated an “outperform” rating and issued a $70.00 price target on shares of Southwest Airlines in a research note on Thursday, July 13th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $66.58.

In other news, Director John T. Montford sold 935 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

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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