Total Investment Management Inc. Reduces Stake in Southwest Airlines Co (LUV)

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Total Investment Management Inc. lessened its position in Southwest Airlines Co (NYSE:LUV) by 23.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,634 shares of the airline’s stock after selling 1,382 shares during the period. Total Investment Management Inc.’s holdings in Southwest Airlines were worth $270,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of LUV. GAM Holding AG grew its holdings in shares of Southwest Airlines by 42.2% in the 4th quarter. GAM Holding AG now owns 7,784 shares of the airline’s stock worth $362,000 after acquiring an additional 2,310 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Southwest Airlines by 8.5% during the fourth quarter. BlackRock Inc. now owns 28,978,210 shares of the airline’s stock valued at $1,346,907,000 after buying an additional 2,282,027 shares in the last quarter. Fluent Financial LLC purchased a new position in shares of Southwest Airlines during the fourth quarter valued at $211,000. Doyle Wealth Management purchased a new position in shares of Southwest Airlines during the fourth quarter valued at $46,000. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of Southwest Airlines during the fourth quarter valued at $263,000. 80.88% of the stock is currently owned by institutional investors.

A number of brokerages have recently weighed in on LUV. Vertical Research began coverage on Southwest Airlines in a report on Monday, February 4th. They set a “buy” rating on the stock. Goldman Sachs Group cut Southwest Airlines from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $66.00 to $54.00 in a research report on Wednesday, February 20th. Macquarie set a $65.00 price target on Southwest Airlines and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Imperial Capital reaffirmed an “in-line” rating and issued a $58.00 price target (down previously from $60.00) on shares of Southwest Airlines in a research report on Thursday, February 21st. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued a $56.00 price target (down previously from $60.00) on shares of Southwest Airlines in a research report on Thursday, February 21st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and fourteen have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $61.84.

In other news, Director John T. Montford sold 980 shares of the company’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $51.27, for a total value of $50,244.60. Following the sale, the director now directly owns 20,983 shares in the company, valued at approximately $1,075,798.41. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.23% of the company’s stock.

LUV traded up $0.50 on Tuesday, hitting $54.46. 50,606 shares of the stock traded hands, compared to its average volume of 4,897,754. Southwest Airlines Co has a 52 week low of $44.28 and a 52 week high of $64.02. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $29.82 billion, a price-to-earnings ratio of 12.83, a P/E/G ratio of 0.83 and a beta of 1.54.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, beating the consensus estimate of $1.06 by $0.11. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The company had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the company posted $0.77 EPS. The company’s revenue was up 8.5% compared to the same quarter last year. Equities research analysts expect that Southwest Airlines Co will post 5.11 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be paid a $0.16 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.18%. Southwest Airlines’s dividend payout ratio is currently 15.09%.

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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, and Turks and Caicos.

See Also: What are the Different Types of Leveraged Buyouts?

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

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