Fuller & Thaler Asset Management Inc. increased its position in Southwest Airlines Co (NYSE:LUV) by 6.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 120,389 shares of the airline’s stock after purchasing an additional 6,819 shares during the quarter. Fuller & Thaler Asset Management Inc.’s holdings in Southwest Airlines were worth $7,879,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Boston Partners lifted its position in shares of Southwest Airlines by 101.7% in the 3rd quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock worth $278,822,000 after buying an additional 2,511,258 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Southwest Airlines by 39.1% in the 4th quarter. Bank of New York Mellon Corp now owns 8,286,126 shares of the airline’s stock worth $542,326,000 after buying an additional 2,328,296 shares during the last quarter. Janus Henderson Group PLC lifted its position in shares of Southwest Airlines by 171.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,821,985 shares of the airline’s stock worth $101,994,000 after buying an additional 1,151,371 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of Southwest Airlines by 104.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock worth $98,219,000 after buying an additional 895,770 shares during the last quarter. Finally, Wealthstreet Investment Advisors LLC bought a new position in shares of Southwest Airlines in the 4th quarter worth about $56,737,000. Institutional investors and hedge funds own 78.97% of the company’s stock.
A number of analysts recently weighed in on the stock. Vetr cut shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $63.03 price objective on the stock. in a report on Tuesday. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, January 30th. JPMorgan Chase & Co. cut shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price objective on the stock. in a report on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Southwest Airlines in a report on Wednesday, January 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.83.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 25th. The airline reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.25 billion. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. Southwest Airlines’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS. equities research analysts forecast that Southwest Airlines Co will post 5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be paid 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 yield of 0.84%. Southwest Airlines’s payout ratio is 8.59%.
In other Southwest Airlines news, Director William H. Dr Cunningham acquired 3,500 shares of the stock in a transaction dated Monday, February 12th. The shares were bought at an average price of $56.25 per share, with a total value of $196,875.00. Following the purchase, the director now directly owns 70,469 shares of the company’s stock, valued at approximately $3,963,881.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 76,993 shares in the company, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. In the last three months, insiders have sold 93,677 shares of company stock worth $5,649,346. 0.21% of the stock is owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: “Fuller & Thaler Asset Management Inc. Has $7.88 Million Stake in Southwest Airlines Co (LUV)” was originally reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this article on another site, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The legal version of this article can be read at https://www.tickerreport.com/banking-finance/3225819/fuller-thaler-asset-management-inc-has-7-88-million-stake-in-southwest-airlines-co-luv.html.
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.
Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co (NYSE:LUV).
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.