Winslow Evans & Crocker Inc. reduced its stake in Southwest Airlines Co (NYSE:LUV) by 24.0% in the 4th quarter, Holdings Channel reports. The firm owned 9,206 shares of the airline’s stock after selling 2,900 shares during the period. Winslow Evans & Crocker Inc.’s holdings in Southwest Airlines were worth $602,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. BB&T Investment Services Inc. raised its position in shares of Southwest Airlines by 325.5% in the 3rd quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares during the last quarter. Grove Bank & Trust raised its position 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 last quarter. Harfst & Associates Inc. raised its position in Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after buying an additional 732 shares during the last quarter. Asset Dedication LLC purchased a new position in Southwest Airlines during the 4th quarter worth approximately $191,000. Finally, Cottage Street Advisors LLC purchased a new position in Southwest Airlines during the 4th quarter worth approximately $208,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

In related news, 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 sale, the executive vice president now owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction on Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total transaction of $107,242.65. Following the completion of the sale, the director now directly owns 23,098 shares in the company, valued at approximately $1,461,410.46. The disclosure for this sale can be found here. Insiders sold a total of 35,561 shares of company stock worth $2,277,774 in the last three months. 0.21% of the stock is owned by corporate insiders.

A number of research firms have issued reports on LUV. ValuEngine lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Vetr raised shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target for the company in a research report on Tuesday, December 26th. Bank of America lowered shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price target for the company. in a research report on Tuesday, January 9th. Cowen reissued a “buy” rating and set a $67.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 9th. Finally, Atlantic Securities raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $48.71 to $71.00 in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $67.93.

Shares of Southwest Airlines Co (NYSE:LUV) traded down $0.01 during midday trading on Friday, hitting $65.05. 5,110,269 shares of the stock were exchanged, compared to its average volume of 4,280,000. The firm has a market cap of $38,600.00, a PE ratio of 18.64, a price-to-earnings-growth ratio of 1.39 and a beta of 1.35. Southwest Airlines Co has a twelve month low of $48.71 and a twelve month 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 issued its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same quarter last year, the company earned $0.93 EPS. The business’s revenue was up 2.6% on a year-over-year basis. equities analysts forecast that Southwest Airlines Co will post 3.5 EPS for the current year.

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

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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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