Farmers & Merchants Trust Co of Chambersburg PA reduced its stake in Southwest Airlines Co (NYSE:LUV) by 3.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,245 shares of the airline’s stock after selling 985 shares during the period. Southwest Airlines comprises 1.3% of Farmers & Merchants Trust Co of Chambersburg PA’s investment portfolio, making the stock its 28th largest position. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Southwest Airlines were worth $1,587,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently made changes to their positions in LUV. BT Investment Management Ltd grew its position in shares of Southwest Airlines by 43.1% in the 3rd quarter. BT Investment Management Ltd now owns 408,284 shares of the airline’s stock worth $22,857,000 after buying an additional 122,892 shares during the last quarter. Macquarie Group Ltd. grew its position in shares of Southwest Airlines by 7.7% in the 2nd quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock worth $13,472,000 after buying an additional 15,575 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its position in shares of Southwest Airlines by 14.6% in the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 89,727 shares of the airline’s stock worth $5,023,000 after buying an additional 11,398 shares during the last quarter. Rational Advisors LLC grew its position in shares of Southwest Airlines by 27.1% in the 3rd quarter. Rational Advisors LLC now owns 17,800 shares of the airline’s stock worth $997,000 after buying an additional 3,800 shares during the last quarter. Finally, Kalos Management Inc. bought a new stake in shares of Southwest Airlines in the 3rd quarter worth approximately $2,328,000. 78.55% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts recently weighed in on the company. JPMorgan Chase & Co. upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $60.00 to $66.00 in a research report on Friday, September 15th. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target on the stock. in a research report on Tuesday. Raymond James Financial upgraded Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target on the stock in a research report on Wednesday, September 20th. Vetr upgraded Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target on the stock in a research report on Tuesday, December 26th. Finally, Atlantic Securities upgraded Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $48.71 to $71.00 in a research report on Thursday, December 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $67.93.

In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total transaction of $107,242.65. Following the completion of the transaction, the director now owns 23,098 shares in the company, valued at $1,461,410.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $64.38, for a total value of $2,120,097.78. Following the transaction, the executive vice president now owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. Insiders have sold 35,593 shares of company stock valued at $2,279,660 in the last quarter. 0.21% of the stock is owned by company insiders.

Shares of Southwest Airlines Co (LUV) traded up $0.43 during trading hours on Friday, reaching $65.27. The company’s stock had a trading volume of 2,050,145 shares, compared to its average volume of 5,125,688. The stock has a market capitalization of $38,670.00, a PE ratio of 18.70, a price-to-earnings-growth ratio of 1.66 and a beta of 1.35. Southwest Airlines Co has a 1-year low of $48.71 and a 1-year high of $66.99. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. sell-side analysts predict that Southwest Airlines Co will post 3.57 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th were paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date was Wednesday, December 6th. Southwest Airlines’s payout ratio is 14.33%.

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Southwest Airlines 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 (NYSE:LUV)

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