Glenview Trust Co increased its stake in Southwest Airlines Co (NYSE:LUV) by 2.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,538 shares of the airline’s stock after acquiring an additional 4,259 shares during the period. Glenview Trust Co’s holdings in Southwest Airlines were worth $8,072,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Parametric Portfolio Associates LLC boosted its stake in Southwest Airlines by 5.0% during the third quarter. Parametric Portfolio Associates LLC now owns 1,682,917 shares of the airline’s stock valued at $90,894,000 after buying an additional 80,524 shares in the last quarter. Stifel Financial Corp lifted its holdings in Southwest Airlines by 1.6% in the 3rd quarter. Stifel Financial Corp now owns 369,259 shares of the airline’s stock valued at $19,965,000 after acquiring an additional 5,881 shares during the last quarter. Rational Advisors LLC lifted its holdings in Southwest Airlines by 188.5% in the 3rd quarter. Rational Advisors LLC now owns 4,457 shares of the airline’s stock valued at $241,000 after acquiring an additional 2,912 shares during the last quarter. Ledyard National Bank boosted its position in shares of Southwest Airlines by 2.4% during the 3rd quarter. Ledyard National Bank now owns 104,256 shares of the airline’s stock valued at $5,630,000 after purchasing an additional 2,440 shares in the last quarter. Finally, Virtu Financial LLC boosted its position in shares of Southwest Airlines by 47.1% during the 3rd quarter. Virtu Financial LLC now owns 14,411 shares of the airline’s stock valued at $779,000 after purchasing an additional 4,617 shares in the last quarter. Institutional investors and hedge funds own 82.78% of the company’s stock.

LUV has been the topic of a number of research reports. Sanford C. Bernstein downgraded shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and boosted their target price for the stock from $58.00 to $61.00 in a report on Thursday, October 31st. Citigroup initiated coverage on shares of Southwest Airlines in a report on Thursday, October 31st. They set a “neutral” rating and a $59.00 target price for the company. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating and set a $58.00 price target on the stock. in a research report on Friday, January 3rd. Stifel Nicolaus cut Southwest Airlines from a “buy” rating to a “hold” rating and dropped their price target for the company from $75.00 to $60.00 in a report on Monday, October 21st. Finally, UBS Group began coverage on Southwest Airlines in a research report on Tuesday, November 12th. They set a “neutral” rating and a $60.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $58.18.

NYSE:LUV traded up $0.07 during trading hours on Friday, hitting $58.61. 9,115 shares of the stock traded hands, compared to its average volume of 4,440,707. The firm has a 50 day moving average price of $55.40 and a 200 day moving average price of $54.45. The firm has a market cap of $30.35 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.47 and a beta of 1.47. Southwest Airlines Co has a fifty-two week low of $47.40 and a fifty-two week high of $58.69. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 0.30.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.98 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.11). The business had revenue of $5.73 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Southwest Airlines had a net margin of 10.26% and a return on equity of 23.31%. The business’s quarterly revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. Research analysts predict that Southwest Airlines Co will post 4.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Shareholders of record on Wednesday, March 4th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, March 3rd. This represents a $0.72 annualized dividend and a yield of 1.23%. Southwest Airlines’s dividend payout ratio (DPR) is presently 16.86%.

Southwest Airlines 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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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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