Columbus Circle Investors increased its stake in Southwest Airlines Company (NYSE:LUV) by 20.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 267,004 shares of the airline’s stock after purchasing an additional 46,101 shares during the period. Columbus Circle Investors’ holdings in Southwest Airlines were worth $14,947,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. BDO Wealth Advisors LLC bought a new position in shares of Southwest Airlines in the second quarter worth approximately $102,000. Pittenger & Anderson Inc. grew its position in Southwest Airlines by 13.5% during 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. grew its position in Southwest Airlines by 43.8% during 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. grew its position in Southwest Airlines by 2.9% during 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 grew its position in Southwest Airlines by 178.4% during 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. Institutional investors own 79.78% of the company’s stock.

A number of research analysts have commented on the stock. BidaskClub cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Vetr cut shares of Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price on the stock. in a report on Wednesday, October 4th. Cowen and Company restated a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a report on Friday, July 28th. Zacks Investment Research cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Morgan Stanley set a $64.00 target price on shares of Southwest Airlines and gave the stock a “buy” rating in a report on Thursday, August 17th. One 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 presently has an average rating of “Buy” and a consensus target price of $67.00.

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Southwest Airlines Company (NYSE LUV) traded down $0.56 during mid-day trading on Monday, hitting $54.71. The stock had a trading volume of 3,104,500 shares, compared to its average volume of 5,211,814. Southwest Airlines Company has a 12-month low of $44.70 and a 12-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 stock has a market cap of $32,464.23, a PE ratio of 15.77, a P/E/G ratio of 1.81 and a beta of 1.31.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The company had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. During the same period in the previous year, the firm earned $0.93 EPS. The firm’s revenue was up 2.6% compared to the same quarter last year. equities analysts forecast that Southwest Airlines Company will post 3.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be issued 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 0.91%. Southwest Airlines’s dividend payout ratio is presently 14.37%.

In other news, Director John T. Montford sold 935 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.21% of the stock is owned by corporate insiders.

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.

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

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