Southwest Airlines Company (LUV) Holdings Raised by Voya Investment Management LLC
Voya Investment Management LLC raised its position in Southwest Airlines Company (NYSE:LUV) by 6.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 254,176 shares of the airline’s stock after purchasing an additional 14,965 shares during the period. Voya Investment Management LLC’s holdings in Southwest Airlines were worth $15,795,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Bank of Hawaii raised its holdings in Southwest Airlines by 0.3% in the second quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock worth $802,000 after purchasing an additional 39 shares during the period. Veritable L.P. boosted its position in shares of Southwest Airlines by 2.2% during the second quarter. Veritable L.P. now owns 17,303 shares of the airline’s stock worth $1,075,000 after purchasing an additional 369 shares in the last quarter. Virtu KCG Holdings LLC boosted its position in shares of Southwest Airlines by 2.6% during the second quarter. Virtu KCG Holdings LLC now owns 6,032 shares of the airline’s stock worth $375,000 after purchasing an additional 150 shares in the last quarter. Parametric Portfolio Associates LLC boosted its position in shares of Southwest Airlines by 41.4% during the second quarter. Parametric Portfolio Associates LLC now owns 1,556,367 shares of the airline’s stock worth $96,713,000 after purchasing an additional 455,482 shares in the last quarter. Finally, Advisor Group Inc. grew its holdings in shares of Southwest Airlines by 27.7% in the 2nd quarter. Advisor Group Inc. now owns 64,116 shares of the airline’s stock valued at $3,972,000 after buying an additional 13,903 shares during the period. 79.42% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently commented on LUV shares. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $70.00 price objective on shares of Southwest Airlines in a research note on Thursday, July 13th. BidaskClub cut Southwest Airlines from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Vetr upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $64.21 price target for the company in a report on Tuesday, June 27th. Finally, Bank of America Corporation increased their price target on Southwest Airlines from $62.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, June 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have given a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $66.95.
In other news, Director William H. Dr Cunningham bought 4,500 shares of the business’s stock in a transaction that occurred 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 acquisition, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.21% of the stock is owned by corporate insiders.
Southwest Airlines Company (NYSE:LUV) opened at 58.51 on Wednesday. The stock’s 50 day moving average is $53.77 and its 200-day moving average is $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 capitalization of $35.02 billion, a P/E ratio of 17.94 and a beta of 1.32.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.19 earnings per share. Analysts forecast that Southwest Airlines Company will post $3.64 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend was Tuesday, August 22nd. Southwest Airlines’s payout ratio is 15.34%.
Southwest Airlines Company Profile
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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