Executive Wealth Management LLC increased its position in Southwest Airlines Co (NYSE:LUV) by 19.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,233 shares of the airline’s stock after buying an additional 204 shares during the quarter. Executive Wealth Management LLC’s holdings in Southwest Airlines were worth $63,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in LUV. Ballentine Partners LLC raised its holdings in shares of Southwest Airlines by 4.3% during the first quarter. Ballentine Partners LLC now owns 4,802 shares of the airline’s stock valued at $250,000 after acquiring an additional 199 shares in the last quarter. Haverford Financial Services Inc. raised its holdings in shares of Southwest Airlines by 1.2% during the first quarter. Haverford Financial Services Inc. now owns 16,400 shares of the airline’s stock valued at $851,000 after acquiring an additional 200 shares in the last quarter. Raymond James Trust N.A. raised its holdings in shares of Southwest Airlines by 2.1% during the first quarter. Raymond James Trust N.A. now owns 10,238 shares of the airline’s stock valued at $532,000 after acquiring an additional 209 shares in the last quarter. FDx Advisors Inc. raised its holdings in shares of Southwest Airlines by 4.6% during the second quarter. FDx Advisors Inc. now owns 4,905 shares of the airline’s stock valued at $249,000 after acquiring an additional 216 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. raised its holdings in shares of Southwest Airlines by 0.6% during the first quarter. Piedmont Investment Advisors Inc. now owns 34,286 shares of the airline’s stock valued at $1,780,000 after acquiring an additional 217 shares in the last quarter. Institutional investors own 84.25% of the company’s stock.
A number of equities analysts recently commented on the company. Morgan Stanley decreased their target price on Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating for the company in a report on Wednesday. Cowen restated a “market perform” rating and set a $57.00 target price (up previously from $55.00) on shares of Southwest Airlines in a report on Friday, July 26th. Barclays decreased their target price on Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $55.00 price target (up from $52.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $57.16.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The company had revenue of $5.91 billion for the quarter, compared to analysts’ expectations of $5.94 billion. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 earnings per share. Equities research analysts expect that Southwest Airlines Co will post 4.35 earnings per share for the current fiscal year.
The company also recently declared 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 is Tuesday, August 20th. This represents a $0.72 annualized dividend and a yield of 1.49%. Southwest Airlines’s payout ratio is 16.98%.
Southwest Airlines 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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