Matthew Goff Investment Advisor LLC acquired a new stake in Southwest Airlines Co (NYSE:LUV) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 16,536 shares of the airline’s stock, valued at approximately $325,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC purchased a new stake in shares of Southwest Airlines in the 2nd quarter worth approximately $101,000. Point72 Hong Kong Ltd purchased a new stake in shares of Southwest Airlines in the 2nd quarter worth approximately $108,000. CWM LLC purchased a new stake in shares of Southwest Airlines in the 2nd quarter worth approximately $109,000. TRUE Private Wealth Advisors purchased a new stake in shares of Southwest Airlines in the 3rd quarter worth approximately $111,000. Finally, Captrust Financial Advisors lifted its position in shares of Southwest Airlines by 310.5% in the 2nd quarter. Captrust Financial Advisors now owns 2,299 shares of the airline’s stock worth $117,000 after purchasing an additional 1,739 shares during the period. 78.45% of the stock is owned by institutional investors.

NYSE LUV opened at $51.62 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $29.57 billion, a P/E ratio of 14.75, a PEG ratio of 1.14 and a beta of 1.22. Southwest Airlines Co has a 52 week low of $47.10 and a 52 week high of $66.99.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. The firm had revenue of $5.58 billion during the quarter, compared to analyst estimates of $5.56 billion. During the same quarter in the previous year, the business posted $0.88 EPS. Research analysts forecast that Southwest Airlines Co will post 4.13 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 5th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a $0.64 dividend on an annualized basis and a yield of 1.24%. Southwest Airlines’s payout ratio is 18.29%.

LUV has been the subject of several research reports. ValuEngine raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Macquarie set a $71.00 price target on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Monday, September 17th. Buckingham Research upped their price target on shares of Southwest Airlines from $69.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $73.00 price target for the company in a research report on Friday, September 7th. Finally, Morgan Stanley reaffirmed a “buy” rating on shares of Southwest Airlines in a research report on Tuesday, August 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $65.65.

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Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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

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