Evanson Asset Management LLC continued to hold its position in Southwest Airlines Company (NYSE:LUV) during the second quarter, Holdings Channel reports. The fund owned 5,566 shares of the airline’s stock at the end of the second quarter. Evanson Asset Management LLC’s holdings in Southwest Airlines Company were worth $346,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LUV. Vanguard Group Inc. raised its stake in shares of Southwest Airlines Company by 0.7% in the first quarter. Vanguard Group Inc. now owns 38,498,787 shares of the airline’s stock worth $2,069,695,000 after buying an additional 286,456 shares in the last quarter. BlackRock Inc. raised its stake in shares of Southwest Airlines Company by 4,163.3% in the first quarter. BlackRock Inc. now owns 34,983,319 shares of the airline’s stock worth $1,880,703,000 after buying an additional 34,162,752 shares in the last quarter. State Street Corp raised its stake in shares of Southwest Airlines Company by 1.5% in the first quarter. State Street Corp now owns 23,480,558 shares of the airline’s stock worth $1,262,308,000 after buying an additional 353,960 shares in the last quarter. Egerton Capital UK LLP raised its stake in shares of Southwest Airlines Company by 39.0% in the first quarter. Egerton Capital UK LLP now owns 9,401,341 shares of the airline’s stock worth $505,416,000 after buying an additional 2,638,743 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of Southwest Airlines Company by 80.3% in the first quarter. Ameriprise Financial Inc. now owns 7,809,175 shares of the airline’s stock worth $419,796,000 after buying an additional 3,477,912 shares in the last quarter. 79.72% of the stock is owned by hedge funds and other institutional investors.

Shares of Southwest Airlines Company (NYSE LUV) opened at 61.93 on Monday. The firm has a market capitalization of $37.45 billion, a price-to-earnings ratio of 18.58 and a beta of 1.29. Southwest Airlines Company has a 52 week low of $35.42 and a 52 week high of $64.39. 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 issued its earnings results on Thursday, April 27th. The airline reported $0.61 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by $0.01. Southwest Airlines Company had a return on equity of 26.75% and a net margin of 10.16%. The company had revenue of $4.88 billion for the quarter, compared to the consensus estimate of $4.91 billion. During the same period in the prior year, the company earned $0.88 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. On average, equities analysts predict that Southwest Airlines Company will post $3.89 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Wednesday, June 7th were paid 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 was Monday, June 5th. Southwest Airlines Company’s dividend payout ratio (DPR) is 15.11%.

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A number of analysts 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 lowered 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 raised their price target for the company from $61.76 to $68.00 in a report on Thursday, June 22nd. Finally, Cowen and Company raised their price target on shares of Southwest Airlines Company from $58.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, April 28th. Six investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Southwest Airlines Company currently has a consensus rating of “Buy” and an average target price of $63.80.

In other Southwest Airlines Company news, SVP Mark R. Shaw sold 3,823 shares of the firm’s stock in a transaction on Tuesday, May 23rd. The shares were sold at an average price of $59.13, for a total value of $226,053.99. Following the transaction, the senior vice president now directly owns 7,784 shares of the company’s stock, valued at $460,267.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Gary C. Kelly sold 51,000 shares of the firm’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $57.06, for a total transaction of $2,910,060.00. Following the completion of the transaction, the chairman now directly owns 556,808 shares in the company, valued at $31,771,464.48. The disclosure for this sale can be found here. Insiders sold 118,740 shares of company stock worth $6,923,568 over the last ninety days. Insiders own 0.18% of the company’s stock.

About Southwest Airlines Company

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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