Scott & Selber Inc. Buys 21,835 Shares of Southwest Airlines Company (LUV)
Scott & Selber Inc. grew its stake in Southwest Airlines Company (NYSE:LUV) by 57.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,921 shares of the airline’s stock after purchasing an additional 21,835 shares during the period. Southwest Airlines comprises approximately 1.9% of Scott & Selber Inc.’s investment portfolio, making the stock its 20th largest holding. Scott & Selber Inc.’s holdings in Southwest Airlines were worth $3,354,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new stake in Southwest Airlines in the 2nd quarter worth approximately $102,000. Pittenger & Anderson Inc. boosted its position in Southwest Airlines by 13.5% in the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after purchasing an additional 250 shares in the last quarter. National Pension Service purchased a new position in shares of Southwest Airlines during the 2nd quarter valued at approximately $141,000. Harfst & Associates Inc. lifted its position in shares of Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after buying an additional 732 shares in the last quarter. Finally, Farmers & Merchants Investments Inc. lifted its position in shares of Southwest Airlines by 2.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after buying an additional 75 shares in the last quarter. Institutional investors and hedge funds own 79.58% of the company’s stock.
LUV has been the topic of a number of recent analyst reports. Deutsche Bank AG reiterated a “buy” rating and set a $71.00 target price on shares of Southwest Airlines in a research report on Friday, October 27th. Cowen and Company reiterated a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a research report on Friday, July 28th. BidaskClub lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Morgan Stanley reiterated an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, J P Morgan Chase & Co increased their target price on Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $66.58.
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Shares of Southwest Airlines Company (LUV) traded up $0.03 on Friday, hitting $53.49. The company’s stock had a trading volume of 2,484,900 shares, compared to its average volume of 5,046,954. Southwest Airlines Company has a twelve month low of $42.99 and a twelve month high of $64.39. The firm has a market cap of $31,740.32, a P/E ratio of 15.41, a PEG ratio of 1.77 and a beta of 1.31. 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 issued its earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the company earned $0.93 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. equities analysts expect that Southwest Airlines Company will post 3.56 EPS for the current year.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by company insiders.
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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