Oppenheimer & Co. Inc. increased its position in shares of Southwest Airlines Co (NYSE:LUV) by 15.2% in the 4th quarter, HoldingsChannel reports. The fund owned 344,364 shares of the airline’s stock after acquiring an additional 45,518 shares during the period. Southwest Airlines makes up about 0.6% of Oppenheimer & Co. Inc.’s portfolio, making the stock its 28th largest holding. Oppenheimer & Co. Inc.’s holdings in Southwest Airlines were worth $22,538,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Affinity Investment Advisors LLC acquired a new position in Southwest Airlines during the 4th quarter valued at approximately $229,000. Glenview Trust Co increased its stake in Southwest Airlines by 5.7% during the 4th quarter. Glenview Trust Co now owns 143,459 shares of the airline’s stock valued at $9,390,000 after purchasing an additional 7,734 shares in the last quarter. Shelton Capital Management increased its stake in Southwest Airlines by 293.5% during the 4th quarter. Shelton Capital Management now owns 67,571 shares of the airline’s stock valued at $4,423,000 after purchasing an additional 50,400 shares in the last quarter. AE Wealth Management LLC acquired a new position in Southwest Airlines during the 4th quarter valued at approximately $256,000. Finally, Regal Investment Advisors LLC acquired a new position in Southwest Airlines during the 4th quarter valued at approximately $213,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.

A number of research analysts have issued reports on the stock. Vetr upgraded shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $65.42 price target on the stock in a research note on Monday, February 5th. Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Tuesday, January 30th. JPMorgan Chase & Co. lowered shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price target on the stock. in a research note on Tuesday, January 30th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. Finally, Cowen restated a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Southwest Airlines has an average rating of “Buy” and an average price target of $67.97.

In other news, Director John T. Montford sold 1,695 shares of the stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total value of $107,242.65. Following the sale, the director now owns 23,098 shares in the company, valued at $1,461,410.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Robert E. Jordan sold 32,931 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the sale, the executive vice president now owns 76,993 shares in the company, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Shares of Southwest Airlines Co (NYSE:LUV) opened at $55.50 on Friday. The firm has a market cap of $32,707.71, a price-to-earnings ratio of 9.54, a PEG ratio of 1.00 and a beta of 1.17. Southwest Airlines Co has a 52 week low of $49.76 and a 52 week high of $66.99. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

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

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

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

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