Affinity Investment Advisors LLC bought a new position in Southwest Airlines Co (NYSE:LUV) during the 4th quarter, HoldingsChannel.com reports. The fund bought 3,500 shares of the airline’s stock, valued at approximately $229,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in LUV. Virtu KCG Holdings LLC raised its holdings in Southwest Airlines by 2.6% in the 2nd quarter. Virtu KCG Holdings LLC now owns 6,032 shares of the airline’s stock worth $375,000 after acquiring an additional 150 shares during the period. 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 purchasing an additional 15,575 shares during the period. Janus Henderson Group PLC increased its holdings in shares of Southwest Airlines by 2,636.4% during the 2nd quarter. Janus Henderson Group PLC now owns 670,614 shares of the airline’s stock worth $41,672,000 after purchasing an additional 646,107 shares during the period. Caxton Associates LP bought a new position in shares of Southwest Airlines during the 2nd quarter worth about $416,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Southwest Airlines during the 2nd quarter worth about $1,000,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Several research firms have recently issued reports on LUV. Bank of America downgraded shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price objective on the stock. in a report on Tuesday, January 9th. Vetr upgraded shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price objective on the stock in a report on Tuesday, December 26th. Atlantic Securities upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $48.71 to $71.00 in a report on Thursday, December 14th. ValuEngine downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Finally, Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $67.97.

In other news, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares in the company, valued at approximately $4,956,809.34. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction dated Wednesday, December 13th. The shares were 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 owns 23,098 shares in the company, valued at $1,461,410.46. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.

Shares of Southwest Airlines Co (LUV) opened at $55.50 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a 12-month low of $49.76 and a 12-month high of $66.99. The firm has a market cap of $32,930.00, a PE ratio of 9.54, a PEG ratio of 1.04 and a beta of 1.17.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, beating the consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.25 billion. During the same period in the previous year, the business earned $0.75 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. analysts anticipate that Southwest Airlines Co will post 4.98 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.50 annualized dividend and a dividend yield of 0.90%. Southwest Airlines’s dividend payout ratio (DPR) is currently 8.59%.

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

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