Fmr LLC reduced its stake in shares of Southwest Airlines Co (NYSE:LUV) by 31.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,786,737 shares of the airline’s stock after selling 3,938,949 shares during the quarter. Fmr LLC owned 1.59% of Southwest Airlines worth $408,407,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Cypress Capital Group raised its holdings in shares of Southwest Airlines by 2.4% during the 4th quarter. Cypress Capital Group now owns 11,471 shares of the airline’s stock valued at $533,000 after buying an additional 273 shares during the period. Ackerman Capital Advisors LLC raised its holdings in shares of Southwest Airlines by 4,145.5% during the 4th quarter. Ackerman Capital Advisors LLC now owns 424,554 shares of the airline’s stock valued at $9,290,000 after buying an additional 414,554 shares during the period. Mackay Shields LLC grew its stake in Southwest Airlines by 15.6% during the 4th quarter. Mackay Shields LLC now owns 127,050 shares of the airline’s stock valued at $5,905,000 after purchasing an additional 17,191 shares in the last quarter. Reilly Financial Advisors LLC acquired a new stake in Southwest Airlines during the 4th quarter valued at approximately $5,482,000. Finally, WINTON GROUP Ltd grew its stake in Southwest Airlines by 45.6% during the 4th quarter. WINTON GROUP Ltd now owns 227,548 shares of the airline’s stock valued at $10,576,000 after purchasing an additional 71,310 shares in the last quarter. Institutional investors and hedge funds own 80.30% of the company’s stock.
A number of brokerages have weighed in on LUV. Macquarie set a $52.00 price objective on Southwest Airlines and gave the company a “hold” rating in a research note on Thursday, March 28th. Imperial Capital restated an “in-line” rating and set a $62.00 price objective (up previously from $56.00) on shares of Southwest Airlines in a research note on Tuesday, December 4th. Cowen lowered their price objective on Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, March 27th. Credit Suisse Group restated a “hold” rating and set a $56.00 price objective (down previously from $60.00) on shares of Southwest Airlines in a research note on Thursday, February 21st. Finally, Goldman Sachs Group raised their price objective on Southwest Airlines to $49.00 and gave the company a “sell” rating in a research note on Wednesday, March 20th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $59.19.
Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 24th. The airline reported $1.17 EPS for the quarter, topping the consensus estimate of $1.06 by $0.11. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The business’s revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.77 EPS. Equities analysts expect that Southwest Airlines Co will post 5.04 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were given a $0.16 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.64 annualized dividend and a dividend yield of 1.22%. Southwest Airlines’s payout ratio is 15.09%.
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, 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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