Fernwood Investment Management LLC decreased its position in shares of Southwest Airlines Co (NYSE:LUV) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,588 shares of the airline’s stock after selling 941 shares during the period. Fernwood Investment Management LLC’s holdings in Southwest Airlines were worth $436,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Shine Investment Advisory Services Inc. increased its position in Southwest Airlines by 208.0% during the first quarter. Shine Investment Advisory Services Inc. now owns 616 shares of the airline’s stock worth $32,000 after buying an additional 416 shares during the period. Destination Wealth Management increased its position in Southwest Airlines by 107.9% during the first quarter. Destination Wealth Management now owns 634 shares of the airline’s stock worth $33,000 after buying an additional 329 shares during the period. Field & Main Bank acquired a new position in Southwest Airlines during the first quarter worth approximately $35,000. Financial Gravity Wealth Inc. acquired a new position in Southwest Airlines during the first quarter worth approximately $39,000. Finally, Westside Investment Management Inc. acquired a new position in shares of Southwest Airlines in the second quarter valued at approximately $60,000. 84.25% of the stock is currently owned by institutional investors.

A number of research analysts have recently issued reports on LUV shares. Cowen reissued a “market perform” rating and issued a $57.00 target price (up previously from $55.00) on shares of Southwest Airlines in a report on Friday, July 26th. Argus lowered Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley dropped their target price on Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. Finally, Imperial Capital reissued an “in-line” rating and issued a $55.00 target price (up previously from $52.00) on shares of Southwest Airlines in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the stock. Southwest Airlines currently has an average rating of “Hold” and a consensus target price of $57.16.

LUV stock traded down $0.63 on Thursday, reaching $48.13. 1,437,638 shares of the company’s stock were exchanged, compared to its average volume of 4,020,581. The company has a fifty day moving average of $51.70. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $64.02. The company has a market cap of $26.90 billion, a price-to-earnings ratio of 11.35, a PEG ratio of 1.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.59 and a current ratio of 0.64.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.94 billion. During the same quarter in the prior year, the company posted $1.26 earnings per share. Southwest Airlines’s quarterly revenue was up 2.9% on a year-over-year basis. On average, equities research analysts forecast that Southwest Airlines Co will post 4.35 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Tuesday, August 20th. Southwest Airlines’s dividend payout ratio is presently 16.98%.

Southwest Airlines Company Profile

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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

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