Capstone Asset Management Co. lowered its position in Southwest Airlines Company (NYSE:LUV) by 5.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 56,488 shares of the airline’s stock after selling 3,366 shares during the period. Capstone Asset Management Co.’s holdings in Southwest Airlines Company were worth $3,510,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Guardian Life Insurance Co. of America increased its stake in shares of Southwest Airlines Company by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after buying an additional 15 shares during the period. Van ECK Associates Corp increased its stake in shares of Southwest Airlines Company by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,502 shares of the airline’s stock worth $135,000 after buying an additional 154 shares during the period. TrimTabs Asset Management LLC increased its stake in shares of Southwest Airlines Company by 88.9% in the first quarter. TrimTabs Asset Management LLC now owns 2,821 shares of the airline’s stock worth $152,000 after buying an additional 1,328 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Southwest Airlines Company by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 3,488 shares of the airline’s stock worth $184,000 after buying an additional 16 shares during the period. Finally, Bienville Capital Management LLC purchased a new stake in shares of Southwest Airlines Company during the first quarter worth $202,000. Hedge funds and other institutional investors own 79.72% of the company’s stock.

Southwest Airlines Company (NYSE LUV) opened at 61.93 on Monday. Southwest Airlines Company has a 12 month low of $35.42 and a 12 month high of $64.39. The firm has a market capitalization of $37.45 billion, a PE ratio of 18.58 and a beta of 1.29. The firm has a 50-day moving average of $59.84 and a 200 day moving average of $55.36.

Southwest Airlines Company (NYSE:LUV) last announced its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.62 by $0.01. The business had revenue of $4.88 billion during the quarter, compared to the consensus estimate of $4.91 billion. Southwest Airlines Company had a return on equity of 26.75% and a net margin of 10.16%. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Equities research analysts forecast that Southwest Airlines Company will post $3.89 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Wednesday, June 7th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.81%. This is a positive change from Southwest Airlines Company’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Monday, June 5th. Southwest Airlines Company’s payout ratio is presently 15.11%.

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A number of analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Southwest Airlines Company from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a report on Tuesday, June 13th. BidaskClub downgraded shares of Southwest Airlines Company from a “buy” rating to a “hold” rating in a report on Friday, June 9th. Vetr raised shares of Southwest Airlines Company from a “hold” rating to a “buy” rating and set a $63.80 price target for the company in a report on Monday, June 5th. Argus raised shares of Southwest Airlines Company from a “hold” rating to a “buy” rating and upped their price target for the stock from $61.76 to $68.00 in a report on Thursday, June 22nd. Finally, Cowen and Company upped their price target on shares of Southwest Airlines Company from $58.00 to $62.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Six equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Southwest Airlines Company presently has a consensus rating of “Buy” and a consensus target price of $63.80.

In other news, Chairman Gary C. Kelly sold 51,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 17th. The shares were sold at an average price of $57.06, for a total value of $2,910,060.00. Following the completion of the sale, the chairman now directly owns 556,808 shares in the company, valued at approximately $31,771,464.48. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Mark R. Shaw sold 3,823 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $59.13, for a total transaction of $226,053.99. Following the completion of the sale, the senior vice president now owns 7,784 shares of the company’s stock, valued at $460,267.92. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,740 shares of company stock valued at $6,923,568. Company insiders own 0.18% of the company’s stock.

Southwest Airlines Company Company 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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Institutional Ownership by Quarter for Southwest Airlines Company (NYSE:LUV)

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