Fulton Bank N.A. raised its holdings in shares of Southwest Airlines Company (NYSE:LUV) by 23.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,314 shares of the airline’s stock after acquiring an additional 3,630 shares during the quarter. Fulton Bank N.A.’s holdings in Southwest Airlines were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its holdings in Southwest Airlines by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 38,498,787 shares of the airline’s stock valued at $2,069,695,000 after acquiring an additional 286,456 shares during the period. BlackRock Inc. raised its holdings in Southwest Airlines by 4,163.3% during the 1st quarter. BlackRock Inc. now owns 34,983,319 shares of the airline’s stock valued at $1,880,703,000 after acquiring an additional 34,162,752 shares during the period. State Street Corp raised its holdings in Southwest Airlines by 1.5% during the 1st quarter. State Street Corp now owns 23,480,558 shares of the airline’s stock valued at $1,262,308,000 after acquiring an additional 353,960 shares during the period. Ameriprise Financial Inc. raised its holdings in Southwest Airlines by 13.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock valued at $549,016,000 after acquiring an additional 1,026,892 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Southwest Airlines by 6.2% during the 1st quarter. Geode Capital Management LLC now owns 5,674,040 shares of the airline’s stock valued at $304,649,000 after acquiring an additional 332,285 shares during the period. 79.41% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Company (LUV) traded down 0.20% on Wednesday, reaching $58.61. The company had a trading volume of 972,801 shares. Southwest Airlines Company has a 12-month low of $36.91 and a 12-month high of $64.39. The stock has a market capitalization of $35.08 billion, a PE ratio of 17.97 and a beta of 1.32. The stock’s 50 day moving average price is $55.01 and its 200-day moving average price is $57.18.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 27th. The airline reported $1.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.04. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. Southwest Airlines’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.19 EPS. Equities analysts expect that Southwest Airlines Company will post $3.62 earnings per share for the current fiscal year.

A number of brokerages have issued reports on LUV. Zacks Investment Research cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $70.00 target price on shares of Southwest Airlines in a report on Thursday, July 13th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a report on Friday, August 18th. BidaskClub cut shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th. Finally, Barclays PLC reissued a “hold” rating and set a $61.00 target price on shares of Southwest Airlines in a report on Thursday, September 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and an average price target of $66.95.

In related news, Director William H. Dr Cunningham purchased 4,500 shares of Southwest Airlines 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 acquisition, the director now owns 66,969 shares in the company, valued at approximately $3,616,326. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.21% of the company’s stock.

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

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