ING Groep NV boosted its position in shares of Southwest Airlines Co (NYSE:LUV) by 7.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 51,907 shares of the airline’s stock after acquiring an additional 3,665 shares during the period. ING Groep NV’s holdings in Southwest Airlines were worth $3,397,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Advisory Services Network LLC lifted its position in Southwest Airlines by 1.0% during the 2nd quarter. Advisory Services Network LLC now owns 13,716 shares of the airline’s stock worth $852,000 after acquiring an additional 132 shares during the last quarter. Virtu KCG Holdings LLC lifted its position in Southwest Airlines by 2.6% during 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 last quarter. Sentry Investment Management LLC lifted its position in Southwest Airlines by 1.1% during the 2nd quarter. Sentry Investment Management LLC now owns 49,266 shares of the airline’s stock worth $3,061,000 after acquiring an additional 512 shares during the last quarter. Checchi Capital Advisers LLC lifted its position in Southwest Airlines by 15.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock worth $431,000 after acquiring an additional 878 shares during the last quarter. Finally, Palouse Capital Management Inc. lifted its position in Southwest Airlines by 2.7% during the 3rd quarter. Palouse Capital Management Inc. now owns 36,838 shares of the airline’s stock worth $2,062,000 after acquiring an additional 984 shares during the last quarter. 78.24% of the stock is owned by hedge funds and other institutional investors.

Southwest Airlines Co (LUV) opened at $55.50 on Friday. Southwest Airlines Co has a 52-week low of $49.76 and a 52-week high of $66.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. The stock has a market cap of $32,707.71, a PE ratio of 9.54, a P/E/G ratio of 1.00 and a beta of 1.17.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the prior year, the business posted $0.75 earnings per share. The company’s quarterly revenue was up 3.9% compared to the same quarter last year. analysts expect that Southwest Airlines Co will post 4.98 EPS for the current fiscal year.

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

A number of research analysts have weighed in on the stock. Vetr raised shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $65.42 target price for the company in a research report on Monday, February 5th. JPMorgan Chase & Co. lowered shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 target price for the company. in a research report on Tuesday, January 30th. Stifel Nicolaus reissued a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research report on Tuesday, January 30th. Finally, Cowen reaffirmed an “outperform” rating and set a $64.00 price objective (up previously from $62.00) on shares of Southwest Airlines in a research report on Friday, October 27th. One 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. The stock has a consensus rating of “Buy” and an average target price of $67.97.

In related news, EVP Robert E. Jordan sold 32,931 shares of the stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the completion of the transaction, the executive vice president now owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John T. Montford sold 1,695 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,461,410.46. The disclosure for this sale can be found here. Corporate insiders own 0.21% of the company’s stock.

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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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