Keybank National Association OH decreased its holdings in Southwest Airlines Co (NYSE:LUV) by 12.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,470 shares of the airline’s stock after selling 5,864 shares during the period. Keybank National Association OH’s holdings in Southwest Airlines were worth $2,527,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Guyasuta Investment Advisors Inc. bought a new position in shares of Southwest Airlines in the third quarter valued at approximately $231,000. Piedmont Investment Advisors Inc. boosted its position in shares of Southwest Airlines by 40.6% in the third quarter. Piedmont Investment Advisors Inc. now owns 32,311 shares of the airline’s stock valued at $2,018,000 after acquiring an additional 9,327 shares during the period. High Pointe Capital Management LLC bought a new position in shares of Southwest Airlines in the third quarter valued at approximately $381,000. Norinchukin Bank The boosted its position in shares of Southwest Airlines by 9.8% in the third quarter. Norinchukin Bank The now owns 66,332 shares of the airline’s stock valued at $4,142,000 after acquiring an additional 5,894 shares during the period. Finally, Zeke Capital Advisors LLC bought a new position in shares of Southwest Airlines in the third quarter valued at approximately $223,000. Hedge funds and other institutional investors own 78.45% of the company’s stock.
Several equities research analysts have issued reports on the stock. Imperial Capital reiterated an “outperform” rating and set a $66.00 target price (up from $60.00) on shares of Southwest Airlines in a research report on Thursday, September 27th. Morgan Stanley reiterated a “buy” rating on shares of Southwest Airlines in a research report on Tuesday, August 14th. Buckingham Research dropped their target price on shares of Southwest Airlines from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Macquarie upgraded shares of Southwest Airlines to an “outperform” rating in a research report on Tuesday, September 18th. Finally, Raymond James dropped their target price on shares of Southwest Airlines from $68.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, October 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fifteen have assigned a buy rating to the company. Southwest Airlines presently has a consensus rating of “Buy” and a consensus price target of $65.65.
LUV stock opened at $52.25 on Friday. The company has a market cap of $29.38 billion, a price-to-earnings ratio of 14.93, a price-to-earnings-growth ratio of 1.14 and a beta of 1.22. Southwest Airlines Co has a one year low of $47.10 and a one year high of $66.99. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.47.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 25th. The airline reported $1.08 EPS for the quarter, topping the consensus estimate of $1.06 by $0.02. The firm had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.56 billion. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. During the same period last year, the firm posted $0.88 earnings per share. On average, analysts anticipate that Southwest Airlines Co will post 4.13 EPS for the current year.
The firm 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. This represents a $0.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, December 4th. Southwest Airlines’s dividend payout ratio (DPR) is presently 18.29%.
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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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