Family Legacy Inc. Purchases New Shares in Southwest Airlines Co (NYSE:LUV)

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Family Legacy Inc. purchased a new stake in shares of Southwest Airlines Co (NYSE:LUV) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 6,542 shares of the airline’s stock, valued at approximately $332,000.

Other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its stake in shares of Southwest Airlines by 37.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,920,617 shares of the airline’s stock worth $228,736,000 after buying an additional 1,348,168 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Southwest Airlines by 13.7% during the fourth quarter. Geode Capital Management LLC now owns 6,706,799 shares of the airline’s stock worth $311,306,000 after buying an additional 809,418 shares during the last quarter. Chesley Taft & Associates LLC bought a new stake in shares of Southwest Airlines during the first quarter worth $522,000. Townsend & Associates Inc grew its stake in shares of Southwest Airlines by 2.3% during the first quarter. Townsend & Associates Inc now owns 18,938 shares of the airline’s stock worth $983,000 after buying an additional 421 shares during the last quarter. Finally, Hennessy Advisors Inc. grew its stake in shares of Southwest Airlines by 2.9% during the first quarter. Hennessy Advisors Inc. now owns 49,300 shares of the airline’s stock worth $2,559,000 after buying an additional 1,400 shares during the last quarter. 83.45% of the stock is currently owned by institutional investors.

Shares of Southwest Airlines stock opened at $50.62 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.37. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $64.02. The company has a market capitalization of $27.21 billion, a PE ratio of 11.94, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50. The business has a fifty day simple moving average of $52.05.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.02. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.94 billion. During the same quarter in the previous year, the firm posted $1.26 earnings per share. Southwest Airlines’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, equities research analysts anticipate that Southwest Airlines Co will post 4.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be paid a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.42%. Southwest Airlines’s dividend payout ratio is 16.98%.

A number of analysts have weighed in on LUV shares. ValuEngine raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Morgan Stanley decreased their target price on shares of Southwest Airlines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Zacks Investment Research cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Thursday, May 16th. Cowen reaffirmed a “market perform” rating and set a $57.00 target price (up previously from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Finally, Raymond James cut shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $53.25 target price on the stock. in a research note on Monday, April 8th. Three analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Southwest Airlines currently has an average rating of “Hold” and an average price target of $57.52.

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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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