Hodges Capital Management Inc. lessened its stake in shares of Southwest Airlines Co (NYSE:LUV) by 34.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 184,486 shares of the airline’s stock after selling 98,774 shares during the quarter. Hodges Capital Management Inc.’s holdings in Southwest Airlines were worth $12,075,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LUV. BB&T Investment Services Inc. raised its holdings in Southwest Airlines by 325.5% during the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after buying an additional 1,211 shares during the period. Cerebellum GP LLC acquired a new stake in Southwest Airlines during the 4th quarter worth about $127,000. Grove Bank & Trust raised its holdings in Southwest Airlines by 365.0% during the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after buying an additional 1,880 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Southwest Airlines during the 4th quarter worth about $136,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in Southwest Airlines by 580.7% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock worth $170,000 after buying an additional 2,224 shares during the period. Hedge funds and other institutional investors own 78.24% of the company’s stock.

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

Several research firms have issued reports on LUV. Vetr upgraded Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $65.42 price objective on the stock in a report on Monday. JPMorgan Chase & Co. cut Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 target price on the stock. in a research note on Tuesday, January 30th. Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up previously from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. Finally, Cowen reaffirmed an “outperform” rating and set a $64.00 target price (up previously from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $67.97.

Shares of Southwest Airlines Co (LUV) opened at $57.89 on Thursday. The company has a market capitalization of $34,499.55, a P/E ratio of 9.95, a P/E/G ratio of 1.05 and a beta of 1.17. Southwest Airlines Co has a 12 month low of $49.76 and a 12 month high of $66.99. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.76 by $0.01. The firm had revenue of $5.27 billion during the quarter, compared to analysts’ expectations of $5.25 billion. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share. research analysts expect that Southwest Airlines Co will post 4.92 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.86%. Southwest Airlines’s payout ratio is currently 8.59%.

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About Southwest Airlines

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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