Guggenheim Capital LLC reduced its position in shares of Southwest Airlines Co (NYSE:LUV) by 8.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 982,139 shares of the airline’s stock after selling 93,805 shares during the period. Guggenheim Capital LLC’s holdings in Southwest Airlines were worth $64,282,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LUV. BB&T Investment Services Inc. boosted its position in shares of Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after buying an additional 1,211 shares during the period. Cerebellum GP LLC purchased a new position in shares of Southwest Airlines during the fourth quarter worth $127,000. Grove Bank & Trust boosted its position in shares of Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after buying an additional 1,880 shares during the period. SeaCrest Wealth Management LLC purchased a new position in shares of Southwest Airlines during the fourth quarter worth $136,000. Finally, Delpha Capital Management LLC purchased a new position in shares of Southwest Airlines during the fourth quarter worth $151,000. Institutional investors and hedge funds own 80.05% of the company’s stock.
Shares of Southwest Airlines Co (NYSE:LUV) opened at $59.76 on Tuesday. Southwest Airlines Co has a 52 week low of $49.76 and a 52 week high of $66.99. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45. The firm has a market capitalization of $35,100.68, a price-to-earnings ratio of 10.27, a price-to-earnings-growth ratio of 1.50 and a beta of 1.20.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio is presently 8.59%.
In other Southwest Airlines news, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares in the company, valued at $4,956,809.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William H. Dr Cunningham purchased 3,500 shares of the business’s stock in a transaction on Monday, February 12th. The stock was acquired at an average price of $56.25 per share, for a total transaction of $196,875.00. Following the completion of the purchase, the director now owns 70,469 shares of the company’s stock, valued at $3,963,881.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 133,099 shares of company stock worth $7,922,932. 0.21% of the stock is owned by insiders.
Several research analysts have recently commented on LUV shares. 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. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research report on Tuesday, January 9th. Vetr upgraded Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target for the company in a research report on Tuesday, December 26th. Atlantic Securities upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $48.71 to $71.00 in a research report on Thursday, December 14th. Finally, Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research report on Tuesday, January 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.83.
About Southwest Airlines
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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