Southwest Airlines Company (LUV) Position Cut by Schroder Investment Management Group
Schroder Investment Management Group reduced its position in Southwest Airlines Company (NYSE:LUV) by 12.9% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 949,005 shares of the airline’s stock after selling 140,637 shares during the period. Schroder Investment Management Group owned about 0.16% of Southwest Airlines worth $53,305,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of the stock. Stonebridge Capital Advisors LLC raised its holdings in Southwest Airlines by 0.6% in the 2nd quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after acquiring an additional 35 shares during the period. Bank of Hawaii raised its holdings in Southwest Airlines by 0.3% in the 2nd quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock valued at $802,000 after acquiring an additional 39 shares during the period. Alps Advisors Inc. raised its holdings in Southwest Airlines by 0.6% in the 2nd quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock valued at $624,000 after acquiring an additional 62 shares during the period. Atlantic Trust Group LLC raised its holdings in Southwest Airlines by 0.3% in the 2nd quarter. Atlantic Trust Group LLC now owns 30,079 shares of the airline’s stock valued at $1,870,000 after acquiring an additional 78 shares during the period. Finally, Peapack Gladstone Financial Corp raised its holdings in Southwest Airlines by 2.5% in the 2nd quarter. Peapack Gladstone Financial Corp now owns 4,277 shares of the airline’s stock valued at $266,000 after acquiring an additional 104 shares during the period. Institutional investors and hedge funds own 78.86% of the company’s stock.
Several research firms have weighed in on LUV. Vetr cut shares of Southwest Airlines from a “hold” rating to a “sell” rating and set a $54.06 price target on the stock. in a report on Wednesday. Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. J P Morgan Chase & Co increased their price target on shares of Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. Stifel Nicolaus reissued a “buy” rating and issued a $80.00 price target on shares of Southwest Airlines in a report on Wednesday, November 1st. Finally, Deutsche Bank reissued a “buy” rating and issued a $71.00 price target on shares of Southwest Airlines in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. Southwest Airlines has a consensus rating of “Buy” and an average target price of $66.89.
Shares of Southwest Airlines Company (NYSE:LUV) traded down $0.75 on Friday, hitting $59.92. 6,185,409 shares of the stock traded hands, compared to its average volume of 5,232,941. Southwest Airlines Company has a 12 month low of $47.04 and a 12 month high of $64.39. The company has a market capitalization of $35,560.00, a PE ratio of 16.19, a PEG ratio of 1.86 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55.
Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period last year, the firm earned $0.93 earnings per share. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. sell-side analysts forecast that Southwest Airlines Company will post 3.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be paid a $0.125 dividend. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a yield of 0.83%. Southwest Airlines’s dividend payout ratio (DPR) is 14.33%.
In related news, Director John T. Montford sold 935 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the transaction, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.21% of the company’s stock.
ILLEGAL ACTIVITY NOTICE: “Southwest Airlines Company (LUV) Position Cut by Schroder Investment Management Group” was first posted by Watch List News and is owned by of Watch List News. If you are reading this piece of content on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.watchlistnews.com/southwest-airlines-company-luv-position-cut-by-schroder-investment-management-group/1737488.html.
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.
Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Company (NYSE:LUV).
Receive News & Ratings for Southwest Airlines Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines Company and related companies with Analyst Ratings Network's FREE daily email newsletter.