San Francisco Sentry Investment Group CA reduced its holdings in Southwest Airlines Co (NYSE:LUV) by 26.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,437 shares of the airline’s stock after selling 2,349 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Southwest Airlines were worth $299,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in LUV. Timber Creek Capital Management LLC bought a new position in Southwest Airlines in the 4th quarter worth approximately $1,508,000. Pendal Group Ltd raised its position in shares of Southwest Airlines by 55.2% during the 4th quarter. Pendal Group Ltd now owns 446,610 shares of the airline’s stock valued at $17,305,000 after acquiring an additional 158,857 shares during the last quarter. Cambridge Advisors Inc. raised its position in shares of Southwest Airlines by 10.9% during the 4th quarter. Cambridge Advisors Inc. now owns 9,125 shares of the airline’s stock valued at $424,000 after acquiring an additional 900 shares during the last quarter. Raymond James Trust N.A. raised its position in shares of Southwest Airlines by 5.7% during the 4th quarter. Raymond James Trust N.A. now owns 10,029 shares of the airline’s stock valued at $467,000 after acquiring an additional 540 shares during the last quarter. Finally, Lee Danner & Bass Inc. raised its position in shares of Southwest Airlines by 2.4% during the 4th quarter. Lee Danner & Bass Inc. now owns 86,168 shares of the airline’s stock valued at $4,005,000 after acquiring an additional 2,054 shares during the last quarter. 79.39% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have commented on LUV shares. 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. Zacks Investment Research cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday, October 11th. Morgan Stanley set a $68.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research report on Friday, October 5th. Macquarie set a $67.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a research report on Monday, October 8th. Finally, Raymond James lowered their price objective 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 research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $62.22.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.11. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.77 EPS. On average, equities research analysts expect that Southwest Airlines Co will post 5.03 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. Southwest Airlines’s payout ratio is presently 15.09%.
In related news, Director John T. Montford sold 980 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $51.27, for a total value of $50,244.60. Following the completion of the transaction, the director now directly owns 20,983 shares of the company’s stock, valued at approximately $1,075,798.41. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director John T. Montford sold 956 shares of the company’s stock in a transaction on Monday, November 19th. The stock was sold at an average price of $52.35, for a total transaction of $50,046.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by corporate insiders.
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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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