Stifel Financial Corp raised its holdings in Southwest Airlines Company (NYSE:LUV) by 42.8% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 154,859 shares of the airline’s stock after acquiring an additional 46,398 shares during the period. Stifel Financial Corp’s holdings in Southwest Airlines were worth $9,613,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Greenwood Capital Associates LLC acquired a new stake in shares of Southwest Airlines during the first quarter worth $2,592,000. San Francisco Sentry Investment Group CA grew its position in shares of Southwest Airlines by 8.8% in the first quarter. San Francisco Sentry Investment Group CA now owns 5,962 shares of the airline’s stock valued at $321,000 after purchasing an additional 480 shares during the period. Pacer Advisors Inc. grew its position in shares of Southwest Airlines by 3.3% in the first quarter. Pacer Advisors Inc. now owns 10,605 shares of the airline’s stock valued at $570,000 after purchasing an additional 337 shares during the period. Nordea Investment Management AB grew its position in shares of Southwest Airlines by 205.8% in the first quarter. Nordea Investment Management AB now owns 207,920 shares of the airline’s stock valued at $11,178,000 after purchasing an additional 139,931 shares during the period. Finally, Private Advisor Group LLC grew its position in shares of Southwest Airlines by 24.6% in the first quarter. Private Advisor Group LLC now owns 21,618 shares of the airline’s stock valued at $1,154,000 after purchasing an additional 4,271 shares during the period. Institutional investors own 79.42% of the company’s stock.

In related news, Director William H. Dr Cunningham bought 4,500 shares of the business’s stock in a transaction on Friday, August 11th. The shares were bought at an average cost of $54.00 per share, for a total transaction of $243,000.00. Following the completion of the acquisition, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.21% of the company’s stock.

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Shares of Southwest Airlines Company (NYSE:LUV) opened at 58.51 on Wednesday. The stock has a 50 day moving average price of $53.77 and a 200-day moving average price of $56.86. Southwest Airlines Company has a 1-year low of $36.91 and a 1-year high of $64.39. The firm has a market cap of $35.02 billion, a price-to-earnings ratio of 17.94 and a beta of 1.32.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.04. The business had revenue of $5.74 billion during the quarter, compared to analyst estimates of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. Southwest Airlines’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 EPS. On average, equities research analysts expect that Southwest Airlines Company will post $3.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Shareholders of record on Thursday, August 24th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 0.85%. The ex-dividend date was Tuesday, August 22nd. Southwest Airlines’s payout ratio is 15.34%.

LUV has been the topic of a number of research analyst reports. Bank of America Corporation raised their price target on Southwest Airlines from $62.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, June 30th. BidaskClub cut Southwest Airlines from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Wolfe Research downgraded shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Monday, July 10th. They noted that the move was a valuation call. Vetr raised shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $64.53 price objective for the company in a research note on Thursday, July 27th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $64.00 price objective (down from $65.00) on shares of Southwest Airlines in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $66.95.

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.

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

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