Haverford Financial Services Inc. Has $734,000 Position in Southwest Airlines (LUV)

Haverford Financial Services Inc. boosted its holdings in Southwest Airlines (NYSE:LUV) by 235.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,815 shares of the airline’s stock after acquiring an additional 8,990 shares during the quarter. Haverford Financial Services Inc.’s holdings in Southwest Airlines were worth $734,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Checchi Capital Advisers LLC increased its stake in Southwest Airlines by 15.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock valued at $431,000 after acquiring an additional 878 shares during the period. Buckingham Asset Management LLC increased its stake in Southwest Airlines by 14.5% in the fourth quarter. Buckingham Asset Management LLC now owns 7,004 shares of the airline’s stock valued at $458,000 after acquiring an additional 886 shares during the period. D.A. Davidson & CO. increased its stake in Southwest Airlines by 13.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock valued at $516,000 after acquiring an additional 905 shares during the period. First Allied Advisory Services Inc. increased its stake in Southwest Airlines by 4.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 26,246 shares of the airline’s stock valued at $1,718,000 after acquiring an additional 1,047 shares during the period. Finally, Koshinski Asset Management Inc. increased its stake in Southwest Airlines by 10.4% in the fourth quarter. Koshinski Asset Management Inc. now owns 12,256 shares of the airline’s stock valued at $802,000 after acquiring an additional 1,155 shares during the period. 82.94% of the stock is currently owned by institutional investors and hedge funds.

In related news, CFO Tammy Romo sold 20,272 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $57.95, for a total value of $1,174,762.40. Following the transaction, the chief financial officer now directly owns 114,962 shares in the company, valued at $6,662,047.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO De Ven Michael G. Van sold 31,099 shares of the stock in a transaction that occurred on Friday, March 2nd. The shares were sold at an average price of $57.35, for a total transaction of $1,783,527.65. Following the completion of the transaction, the chief operating officer now owns 172,883 shares in the company, valued at $9,914,840.05. The disclosure for this sale can be found here. Insiders have sold 108,473 shares of company stock worth $6,296,091 over the last quarter. 0.23% of the stock is owned by company insiders.

A number of analysts recently weighed in on LUV shares. Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $65.42 target price on the stock in a research note on Thursday, January 25th. 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 research note on Tuesday, January 30th. Morgan Stanley decreased their price objective on shares of Southwest Airlines from $74.00 to $72.00 and set an “overweight” rating on the stock in a research note on Monday, March 26th. Stephens reaffirmed a “buy” rating and set a $75.00 price objective on shares of Southwest Airlines in a research note on Thursday, March 29th. Finally, JPMorgan Chase 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 research note on Tuesday, January 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and sixteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $68.55.

Shares of Southwest Airlines opened at $52.47 on Friday, Marketbeat.com reports. Southwest Airlines has a 1 year low of $51.61 and a 1 year high of $52.98. The company has a market cap of $30.74 billion, a PE ratio of 14.99, a P/E/G ratio of 0.88 and a beta of 1.16. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.50.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, April 26th. The airline reported $0.75 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.01. Southwest Airlines had a net margin of 16.95% and a return on equity of 23.25%. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $5 billion. During the same period in the prior year, the business earned $0.61 earnings per share. Southwest Airlines’s quarterly revenue was up 1.9% on a year-over-year basis. research analysts predict that Southwest Airlines will post 4.56 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 27th. Stockholders of record on Wednesday, June 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.22%. This is a positive change from Southwest Airlines’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, June 5th. Southwest Airlines’s dividend payout ratio is presently 14.29%.

About Southwest Airlines

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, Turks, and Chaos.

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

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