Ray Gerald L & Associates Ltd. lowered its stake in Southwest Airlines Company (NYSE:LUV) by 1.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 869,830 shares of the airline’s stock after selling 12,195 shares during the period. Southwest Airlines makes up 6.1% of Ray Gerald L & Associates Ltd.’s portfolio, making the stock its largest holding. Ray Gerald L & Associates Ltd. owned 0.15% of Southwest Airlines worth $48,693,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Stonebridge Capital Advisors LLC grew its stake 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 buying an additional 35 shares during the last quarter. Bank of Hawaii grew its stake 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 buying an additional 39 shares during the last quarter. Harwood Advisory Group LLC grew its stake in Southwest Airlines by 0.9% in the 2nd quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock valued at $348,000 after buying an additional 51 shares during the last quarter. Alps Advisors Inc. grew its stake 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 buying an additional 62 shares during the last quarter. Finally, Farmers & Merchants Investments Inc. grew its stake in Southwest Airlines by 2.9% in the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after buying an additional 75 shares during the last quarter. Institutional investors and hedge funds own 79.55% of the company’s stock.

In related news, Director William H. Dr Cunningham acquired 4,500 shares of the company’s stock in a transaction that occurred on Friday, August 11th. The stock was acquired at an average price of $54.00 per share, with a total value of $243,000.00. Following the purchase, the director now directly owns 66,969 shares in the company, valued at $3,616,326. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.21% of the stock is owned by corporate insiders.

A number of research firms have issued reports on LUV. BidaskClub downgraded shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. Vetr downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price objective for the company. in a report on Wednesday, October 4th. Morgan Stanley set a $64.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $67.19.

Shares of Southwest Airlines Company (LUV) traded up $0.15 during trading hours on Friday, reaching $54.14. 3,057,452 shares of the company traded hands, compared to its average volume of 5,221,007. The company has a market cap of $32,126.03, a P/E ratio of 15.60, a price-to-earnings-growth ratio of 1.80 and a beta of 1.31. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. Southwest Airlines Company has a fifty-two week low of $39.56 and a fifty-two week high of $64.39.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The firm’s revenue was up 2.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. equities analysts predict that Southwest Airlines Company will post 3.56 earnings per share for the current fiscal year.

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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.

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

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