MARSHALL WACE ASIA Ltd decreased its position in shares of Southwest Airlines Co (NYSE:LUV) by 37.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 602,941 shares of the airline’s stock after selling 360,377 shares during the period. Southwest Airlines makes up approximately 1.3% of MARSHALL WACE ASIA Ltd’s investment portfolio, making the stock its 29th biggest position. MARSHALL WACE ASIA Ltd’s holdings in Southwest Airlines were worth $37,654,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of LUV. Flagship Harbor Advisors LLC purchased a new position in Southwest Airlines in the second quarter worth about $101,000. Point72 Hong Kong Ltd purchased a new position in Southwest Airlines in the second quarter worth about $108,000. CWM LLC purchased a new position in Southwest Airlines in the second quarter worth about $109,000. TRUE Private Wealth Advisors purchased a new position in Southwest Airlines in the third quarter worth about $111,000. Finally, Captrust Financial Advisors grew its position in Southwest Airlines by 310.5% in the second quarter. Captrust Financial Advisors now owns 2,299 shares of the airline’s stock worth $117,000 after acquiring an additional 1,739 shares in the last quarter. Hedge funds and other institutional investors own 79.44% of the company’s stock.

NYSE LUV traded up $0.80 during trading on Thursday, hitting $53.60. The stock had a trading volume of 7,603,519 shares, compared to its average volume of 5,250,291. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.71 and a quick ratio of 0.65. The company has a market cap of $29.69 billion, a P/E ratio of 15.31, a PEG ratio of 1.15 and a beta of 1.23. Southwest Airlines Co has a one year low of $47.10 and a one year high of $66.99.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.06 by $0.02. The business had revenue of $5.58 billion during the quarter, compared to the consensus estimate of $5.56 billion. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. During the same quarter last year, the firm earned $0.88 earnings per share. As a group, equities research analysts expect that Southwest Airlines Co will post 4.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Wednesday, December 5th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.19%. The ex-dividend date is Tuesday, December 4th. Southwest Airlines’s payout ratio is currently 18.29%.

In other Southwest Airlines news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $52.35, for a total value of $50,046.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.23% of the stock is owned by company insiders.

Several research analysts recently commented on LUV shares. Imperial Capital lifted their price target on Southwest Airlines from $54.00 to $60.00 and gave the stock an “inline” rating in a research report on Wednesday, August 22nd. Buckingham Research dropped their price target on Southwest Airlines from $73.00 to $65.00 and set a “buy” rating for the company in a research report on Friday, October 26th. Zacks Investment Research lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday, October 4th. Morgan Stanley set a $68.00 price target on Southwest Airlines and gave the stock a “buy” rating in a research report on Friday, October 5th. Finally, Macquarie set a $67.00 price target on Southwest Airlines and gave the stock a “buy” rating in a research report on Monday, October 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $65.38.

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Southwest Airlines Company Profile

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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