Signition LP purchased a new stake in shares of Southwest Airlines Co (NYSE:LUV) in the 4th quarter, HoldingsChannel reports. The firm purchased 5,619 shares of the airline’s stock, valued at approximately $368,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. BB&T Investment Services Inc. boosted its position in Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after buying an additional 1,211 shares during the period. Cerebellum GP LLC bought a new position in shares of Southwest Airlines during the fourth quarter valued at about $127,000. Grove Bank & Trust raised its stake in shares of Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after acquiring an additional 1,880 shares during the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Southwest Airlines during the fourth quarter valued at about $136,000. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Southwest Airlines by 580.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock valued at $170,000 after acquiring an additional 2,224 shares during the last quarter. Institutional investors and hedge funds own 77.97% of the company’s stock.

In related news, Director William H. Dr Cunningham purchased 3,500 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $56.25 per share, with a total value of $196,875.00. Following the completion of the purchase, the director now directly owns 70,469 shares in the company, valued at $3,963,881.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the transaction, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The disclosure for this sale can be found here. 0.21% of the stock is owned by corporate insiders.

Several equities analysts have recently commented on LUV shares. Cowen reaffirmed a “buy” rating and set a $67.00 price objective on shares of Southwest Airlines in a research note on Tuesday, January 9th. Bank of America downgraded shares of Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 price objective for the company. in a research note on Tuesday, January 9th. Vetr raised shares of Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price objective for the company in a research note on Tuesday, December 26th. Atlantic Securities raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $48.71 to $71.00 in a research note on Thursday, December 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $67.97.

Southwest Airlines Co (NYSE LUV) opened at $57.17 on Wednesday. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. The stock has a market cap of $33,401.50, a PE ratio of 9.82, a P/E/G ratio of 1.01 and a beta of 1.17. The company has a quick ratio of 0.64, a current ratio of 0.70 and a debt-to-equity ratio of 0.45.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. Southwest Airlines had a net margin of 16.48% and a return on equity of 23.43%. The company had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.25 billion. During the same period in the prior year, the firm earned $0.75 earnings per share. Southwest Airlines’s revenue was up 3.9% on a year-over-year basis. analysts anticipate that Southwest Airlines Co will post 5 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 28th. Investors of record on Wednesday, March 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s payout ratio is currently 8.59%.

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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.

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

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