Marietta Wealth Management LLC trimmed its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 15.4% in the fourth quarter, Holdings Channel reports. The fund owned 27,790 shares of the airline’s stock after selling 5,075 shares during the period. Marietta Wealth Management LLC’s holdings in Southwest Airlines were worth $1,292,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Millennium Management LLC increased its position in Southwest Airlines by 107.6% in the second quarter. Millennium Management LLC now owns 33,349 shares of the airline’s stock worth $1,697,000 after buying an additional 17,285 shares during the last quarter. Schroder Investment Management Group increased its position in Southwest Airlines by 76.4% in the second quarter. Schroder Investment Management Group now owns 288,694 shares of the airline’s stock worth $14,637,000 after buying an additional 125,066 shares during the last quarter. First Hawaiian Bank purchased a new stake in Southwest Airlines in the third quarter worth $1,829,000. Nisa Investment Advisors LLC increased its position in Southwest Airlines by 5.0% in the third quarter. Nisa Investment Advisors LLC now owns 232,718 shares of the airline’s stock worth $14,531,000 after buying an additional 10,991 shares during the last quarter. Finally, BB&T Corp purchased a new stake in Southwest Airlines in the third quarter worth $292,000. 80.69% of the stock is owned by institutional investors.

A number of research firms have issued reports on LUV. Imperial Capital reissued an “in-line” rating and issued a $62.00 target price (up from $56.00) on shares of Southwest Airlines in a research report on Tuesday, December 4th. Cowen reissued a “market perform” rating and issued a $58.00 target price (up from $54.00) on shares of Southwest Airlines in a research report on Friday, January 25th. Macquarie set a $65.00 target price on Southwest Airlines and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Vertical Research began coverage on Southwest Airlines in a research report on Monday, February 4th. They issued a “buy” rating for the company. Finally, Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $55.00 target price for the company in a research report on Friday, January 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the stock. Southwest Airlines has a consensus rating of “Buy” and an average price target of $62.22.

In related news, Director John T. Montford sold 980 shares of Southwest Airlines stock in a transaction on Wednesday, December 12th. The stock was sold at an average price of $51.27, for a total transaction of $50,244.60. Following the completion of the sale, the director now owns 20,983 shares of the company’s stock, valued at $1,075,798.41. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John T. Montford sold 956 shares of Southwest Airlines stock in a transaction on Monday, November 19th. The shares were sold at an average price of $52.35, for a total value of $50,046.60. The disclosure for this sale can be found here. 0.23% of the stock is currently owned by company insiders.

NYSE:LUV opened at $57.72 on Monday. The firm has a market cap of $31.86 billion, a P/E ratio of 13.61, a price-to-earnings-growth ratio of 0.89 and a beta of 1.54. Southwest Airlines Co has a 52-week low of $44.28 and a 52-week high of $64.02. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.64 and a quick ratio of 0.58.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 24th. The airline reported $1.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.11. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter last year, the company earned $0.77 earnings per share. Equities research analysts anticipate that Southwest Airlines Co will post 5.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.11%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s dividend payout ratio is 15.09%.

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About Southwest Airlines

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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

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