TrimTabs Asset Management LLC Has $379,000 Position in Southwest Airlines Company (LUV)
TrimTabs Asset Management LLC increased its stake in Southwest Airlines Company (NYSE:LUV) by 17.1% during the third quarter, according to its most recent filing with the SEC. The fund owned 6,769 shares of the airline’s stock after buying an additional 990 shares during the quarter. Southwest Airlines accounts for approximately 1.2% of TrimTabs Asset Management LLC’s portfolio, making the stock its 8th largest holding. TrimTabs Asset Management LLC’s holdings in Southwest Airlines were worth $379,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. BDO Wealth Advisors LLC purchased a new stake in shares of Southwest Airlines in the second quarter worth about $102,000. BB&T Investment Services Inc. lifted its holdings in shares of Southwest Airlines by 325.5% in the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after buying an additional 1,211 shares in the last quarter. Pittenger & Anderson Inc. lifted its holdings in shares of Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after buying an additional 250 shares in the last quarter. Grove Bank & Trust lifted its holdings in shares of Southwest Airlines by 365.0% in the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after buying an additional 1,880 shares in the last quarter. Finally, Harfst & Associates Inc. lifted its holdings in shares of Southwest Airlines by 43.8% in the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after buying an additional 732 shares in the last quarter. 78.87% of the stock is currently owned by institutional investors.
In other news, Director John T. Montford sold 1,695 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total transaction of $107,242.65. Following the completion of the transaction, the director now directly owns 23,098 shares in the company, valued at $1,461,410.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Montford sold 935 shares of the firm’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at $1,348,500. The disclosure for this sale can be found here. Insiders have sold 2,662 shares of company stock valued at $159,563 over the last 90 days. Corporate insiders own 0.21% of the company’s stock.
Several research firms recently weighed in on LUV. J P Morgan Chase & Co upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $60.00 to $66.00 in a research report on Friday, September 15th. Cowen reiterated a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research report on Friday, September 1st. Citigroup reiterated a “buy” rating and set a $64.00 price target (down from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. Raymond James Financial upgraded shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Wednesday, September 20th. Finally, Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and increased their price target for the company from $48.71 to $71.00 in a research report on Thursday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and fifteen have assigned a buy rating to the stock. Southwest Airlines currently has a consensus rating of “Buy” and a consensus price target of $66.89.
Shares of Southwest Airlines Company (NYSE:LUV) traded up $0.71 during mid-day trading on Friday, reaching $63.85. The company had a trading volume of 5,062,000 shares, compared to its average volume of 5,217,865. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. The stock has a market capitalization of $37,466.49, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 2.09 and a beta of 1.34. Southwest Airlines Company has a 12 month low of $48.71 and a 12 month high of $64.70.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the consensus estimate of $0.87 by $0.01. The business 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 company’s revenue for the quarter was up 2.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.93 earnings per share. research analysts predict that Southwest Airlines Company will post 3.56 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.78%. Southwest Airlines’s payout ratio is presently 14.37%.
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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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