First Heartland Consultants Inc. lowered its position in Southwest Airlines Co (NYSE:LUV) by 7.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,611 shares of the airline’s stock after selling 392 shares during the quarter. First Heartland Consultants Inc.’s holdings in Southwest Airlines were worth $234,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. bought a new position in Southwest Airlines during the second quarter worth about $60,000. Clear Perspective Advisors LLC bought a new stake in shares of Southwest Airlines in the second quarter valued at about $60,000. NEXT Financial Group Inc lifted its holdings in shares of Southwest Airlines by 1,073.5% in the second quarter. NEXT Financial Group Inc now owns 1,197 shares of the airline’s stock valued at $61,000 after purchasing an additional 1,095 shares in the last quarter. Executive Wealth Management LLC lifted its holdings in shares of Southwest Airlines by 19.8% in the second quarter. Executive Wealth Management LLC now owns 1,233 shares of the airline’s stock valued at $63,000 after purchasing an additional 204 shares in the last quarter. Finally, Carroll Financial Associates Inc. lifted its holdings in shares of Southwest Airlines by 26.3% in the second quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the airline’s stock valued at $77,000 after purchasing an additional 319 shares in the last quarter. Institutional investors own 82.10% of the company’s stock.
NYSE LUV traded up $0.91 during trading hours on Friday, hitting $55.89. The company’s stock had a trading volume of 180,997 shares, compared to its average volume of 3,067,717. Southwest Airlines Co has a 52 week low of $44.28 and a 52 week high of $64.02. The company’s 50-day simple moving average is $51.39 and its two-hundred day simple moving average is $51.75. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $28.69 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.29 and a beta of 1.45.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $5.94 billion. During the same quarter last year, the business posted $1.26 EPS. Southwest Airlines’s quarterly revenue was up 2.9% compared to the same quarter last year. Research analysts anticipate that Southwest Airlines Co will post 4.27 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were paid a dividend of $0.18 per share. The ex-dividend date was Tuesday, August 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.29%. Southwest Airlines’s payout ratio is currently 16.98%.
A number of brokerages have weighed in on LUV. Berenberg Bank began coverage on Southwest Airlines in a research report on Friday, September 6th. They set a “hold” rating and a $57.00 price target on the stock. Wolfe Research raised Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 target price on the stock in a research report on Friday, August 16th. Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. Cowen reiterated a “market perform” rating and issued a $57.00 price target (up from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Finally, Macquarie upgraded Southwest Airlines from a “neutral” rating to an “outperform” rating in a research note on Friday. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $56.08.
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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