Private Advisory Group LLC Has $2.11 Million Stake in Southwest Airlines Company (LUV)
Private Advisory Group LLC lifted its stake in shares of Southwest Airlines Company (NYSE:LUV) by 23.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,690 shares of the airline’s stock after purchasing an additional 7,091 shares during the period. Private Advisory Group LLC’s holdings in Southwest Airlines were worth $2,110,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in LUV. BT Investment Management Ltd increased its holdings in shares of Southwest Airlines by 43.1% during the 3rd quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after acquiring an additional 122,892 shares during the last quarter. Macquarie Group Ltd. increased its holdings in shares of Southwest Airlines by 7.7% during the 2nd quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock worth $13,472,000 after acquiring an additional 15,575 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its holdings in shares of Southwest Airlines by 2.4% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 466,121 shares of the airline’s stock worth $28,965,000 after acquiring an additional 10,851 shares during the last quarter. Columbus Circle Investors increased its holdings in shares of Southwest Airlines by 28.2% during the 2nd quarter. Columbus Circle Investors now owns 220,903 shares of the airline’s stock worth $13,727,000 after acquiring an additional 48,632 shares during the last quarter. Finally, Marshall Wace North America L.P. increased its holdings in shares of Southwest Airlines by 912.7% during the 2nd quarter. Marshall Wace North America L.P. now owns 49,855 shares of the airline’s stock worth $3,091,000 after acquiring an additional 44,932 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.
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Southwest Airlines Company (NYSE:LUV) traded down $0.31 during trading on Wednesday, reaching $55.12. The company’s stock had a trading volume of 1,663,416 shares, compared to its average volume of 5,201,544. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $32,428.63, a P/E ratio of 15.75, a PEG ratio of 1.81 and a beta of 1.31. Southwest Airlines Company has a 1 year low of $44.70 and a 1 year high of $64.39.
Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period last year, the company earned $0.93 earnings per share. equities research analysts forecast that Southwest Airlines Company will post 3.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th will be given a $0.125 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 annualized dividend and a yield of 0.91%. Southwest Airlines’s dividend payout ratio is presently 14.37%.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of the stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is currently owned by company insiders.
A number of research analysts recently weighed in on the company. Vetr lowered Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price on the stock. in a report on Wednesday, October 4th. Cowen and Company reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a report on Friday, July 28th. BidaskClub lowered Southwest Airlines from a “hold” rating to a “sell” rating in a report on Sunday, July 30th. Zacks Investment Research lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley set a $64.00 price objective on Southwest Airlines and gave the company a “buy” rating in a report on Thursday, August 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $67.00.
Southwest Airlines 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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