LS Investment Advisors LLC lessened its holdings in Southwest Airlines Co (NYSE:LUV) by 11.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,786 shares of the airline’s stock after selling 1,493 shares during the period. LS Investment Advisors LLC’s holdings in Southwest Airlines were worth $771,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Checchi Capital Advisers LLC lifted its stake in shares of Southwest Airlines by 15.4% in the 4th quarter. Checchi Capital Advisers LLC now owns 6,580 shares of the airline’s stock valued at $431,000 after purchasing an additional 878 shares during the last quarter. Palouse Capital Management Inc. lifted its stake in shares of Southwest Airlines by 2.7% in the 3rd quarter. Palouse Capital Management Inc. now owns 36,838 shares of the airline’s stock valued at $2,062,000 after purchasing an additional 984 shares during the last quarter. TrimTabs Asset Management LLC lifted its stake in shares of Southwest Airlines by 17.1% in the 3rd quarter. TrimTabs Asset Management LLC now owns 6,769 shares of the airline’s stock valued at $379,000 after purchasing an additional 990 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Southwest Airlines by 2.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 37,808 shares of the airline’s stock valued at $2,116,000 after purchasing an additional 1,008 shares during the last quarter. Finally, WFG Advisors LP lifted its stake in shares of Southwest Airlines by 25.8% in the 2nd quarter. WFG Advisors LP now owns 4,931 shares of the airline’s stock valued at $306,000 after purchasing an additional 1,010 shares during the last quarter. 77.97% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Vetr raised shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $65.42 price objective for the company in a research note on Monday, February 5th. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Tuesday, January 30th. JPMorgan Chase & Co. lowered shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price objective for the company. in a research note on Tuesday, January 30th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $85.00 price objective (up previously from $80.00) on shares of Southwest Airlines in a research note on Wednesday, January 10th. Finally, Cowen reaffirmed a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research note on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $67.97.

Southwest Airlines Co (NYSE LUV) opened at $57.73 on Thursday. The firm has a market cap of $33,607.28, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 1.02 and a beta of 1.17. The company has a current ratio of 0.70, a quick ratio of 0.64 and a debt-to-equity ratio of 0.45. Southwest Airlines Co has a 52-week low of $49.76 and a 52-week high of $66.99.

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

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

In other news, Director John T. Montford sold 1,695 shares of the company’s stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $63.27, for a total transaction of $107,242.65. Following the completion of the transaction, the director now owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William H. Dr Cunningham acquired 3,500 shares of the business’s stock in a transaction dated Monday, February 12th. The shares were bought at an average cost of $56.25 per share, with a total value of $196,875.00. Following the transaction, the director now directly owns 70,469 shares of the company’s stock, valued at approximately $3,963,881.25. The disclosure for this purchase can be found here. 0.21% of the stock is currently owned by corporate insiders.

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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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