Ayalon Holdings Ltd. bought a new position in shares of Southwest Airlines Co (NYSE:LUV) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 16,470 shares of the airline’s stock, valued at approximately $1,080,000. Southwest Airlines comprises approximately 0.9% of Ayalon Holdings Ltd.’s investment portfolio, making the stock its 25th largest holding.
Several other institutional investors have also modified their holdings of the stock. Daiwa SB Investments Ltd. raised its holdings in shares of Southwest Airlines by 80.5% during the fourth quarter. Daiwa SB Investments Ltd. now owns 13,720 shares of the airline’s stock worth $898,000 after purchasing an additional 6,120 shares during the last quarter. Jaffetilchin Investment Partners LLC purchased a new position in shares of Southwest Airlines during the fourth quarter worth $467,000. DnB Asset Management AS grew its position in Southwest Airlines by 22.6% during the fourth quarter. DnB Asset Management AS now owns 15,167 shares of the airline’s stock valued at $993,000 after buying an additional 2,800 shares during the period. Atlantic Trust Group LLC grew its position in Southwest Airlines by 4.3% during the third quarter. Atlantic Trust Group LLC now owns 31,373 shares of the airline’s stock valued at $1,757,000 after buying an additional 1,294 shares during the period. Finally, Parametric Portfolio Associates LLC grew its position in Southwest Airlines by 4.4% during the third quarter. Parametric Portfolio Associates LLC now owns 1,585,066 shares of the airline’s stock valued at $88,732,000 after buying an additional 66,544 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on the stock. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. Stifel Nicolaus restated a “buy” rating and set a $85.00 price target (up previously from $80.00) on shares of Southwest Airlines in a research report on Wednesday, January 10th. Vetr upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target on the stock in a research report on Monday, January 1st. ValuEngine lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Cowen restated a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Southwest Airlines presently has an average rating of “Buy” and an average price target of $67.93.
Shares of Southwest Airlines Co (NYSE:LUV) opened at $65.36 on Tuesday. Southwest Airlines Co has a 52-week low of $48.71 and a 52-week high of $66.99. The stock has a market cap of $38,783.81, a PE ratio of 18.78, a PEG ratio of 1.39 and a beta of 1.35. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. The firm had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. Southwest Airlines’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. sell-side analysts forecast that Southwest Airlines Co will post 3.52 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.76%. Southwest Airlines’s payout ratio is presently 14.37%.
Southwest Airlines Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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