Southwest Airlines Company (LUV) Stake Raised by Rational Advisors LLC
Rational Advisors LLC lifted its position in shares of Southwest Airlines Company (NYSE:LUV) by 27.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,800 shares of the airline’s stock after purchasing an additional 3,800 shares during the period. Rational Advisors LLC’s holdings in Southwest Airlines were worth $997,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC purchased a new stake in shares of Southwest Airlines during the 2nd quarter worth $102,000. Pittenger & Anderson Inc. lifted its position in Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after acquiring an additional 250 shares during the last quarter. Harfst & Associates Inc. lifted its position in Southwest Airlines by 43.8% in the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after acquiring an additional 732 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its position in Southwest Airlines by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after acquiring an additional 75 shares during the last quarter. Finally, Motco lifted its position in Southwest Airlines by 178.4% in the second quarter. Motco now owns 2,817 shares of the airline’s stock valued at $175,000 after acquiring an additional 1,805 shares during the last quarter. 79.78% of the stock is owned by institutional investors and hedge funds.
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A number of equities research analysts recently weighed in on the stock. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Vetr cut shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 price target for the company. in a research report on Wednesday, October 4th. BidaskClub cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Barclays PLC reissued a “hold” rating and issued a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. Finally, Raymond James Financial, Inc. raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research report on Wednesday, September 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company. Southwest Airlines has an average rating of “Buy” and an average target price of $67.00.
Shares of Southwest Airlines Company (LUV) traded down $0.23 during trading on Monday, hitting $54.48. 1,013,673 shares of the stock were exchanged, compared to its average volume of 5,211,814. Southwest Airlines Company has a twelve month low of $44.70 and a twelve month high of $64.39. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $32,464.23, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion for the quarter, compared to analyst estimates of $5.29 billion. During the same period in the previous year, the business posted $0.93 earnings per share. The business’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be paid a dividend of $0.125 per share. The ex-dividend date is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.92%. Southwest Airlines’s dividend payout ratio (DPR) is 14.37%.
In other news, Director John T. Montford sold 935 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.21% of the company’s stock.
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.
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