Sfmg LLC increased its holdings in Southwest Airlines Co (NYSE:LUV) by 2.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 9,098 shares of the airline’s stock after buying an additional 207 shares during the period. Sfmg LLC’s holdings in Southwest Airlines were worth $484,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. boosted its stake in Southwest Airlines by 20.3% during the 2nd quarter. Meeder Asset Management Inc. now owns 132,812 shares of the airline’s stock valued at $6,744,000 after purchasing an additional 22,366 shares during the period. Chicago Equity Partners LLC boosted its stake in Southwest Airlines by 29.5% during the 2nd quarter. Chicago Equity Partners LLC now owns 88,935 shares of the airline’s stock valued at $4,516,000 after purchasing an additional 20,250 shares during the period. Markel Corp boosted its stake in Southwest Airlines by 68.7% during the 2nd quarter. Markel Corp now owns 356,000 shares of the airline’s stock valued at $18,077,000 after purchasing an additional 145,000 shares during the period. Qube Research & Technologies Ltd acquired a new position in Southwest Airlines during the 2nd quarter valued at about $1,549,000. Finally, Parkside Investments LLC acquired a new position in Southwest Airlines during the 2nd quarter valued at about $467,000. 82.64% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE LUV traded down $0.36 during midday trading on Tuesday, reaching $50.10. The company’s stock had a trading volume of 812,059 shares, compared to its average volume of 3,933,606. The company has a current ratio of 0.64, a quick ratio of 0.59 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average price of $51.58 and a 200 day moving average price of $52.37. Southwest Airlines Co has a one year low of $44.28 and a one year high of $64.02. The company has a market cap of $26.76 billion, a price-to-earnings ratio of 11.82, a price-to-earnings-growth ratio of 1.09 and a beta of 1.50.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, July 25th. The airline reported $1.37 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. The business had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the firm earned $1.26 EPS. The business’s revenue for the quarter was up 2.9% on a year-over-year basis. Research analysts anticipate that Southwest Airlines Co will post 4.29 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Wednesday, August 21st will be issued a $0.18 dividend. The ex-dividend date is Tuesday, August 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.44%. Southwest Airlines’s payout ratio is currently 16.98%.

A number of research analysts have issued reports on the stock. Cowen reissued a “market perform” rating and set a $57.00 target price (up from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Argus downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Barclays dropped their price target on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. Imperial Capital restated an “in-line” rating and set a $55.00 price target (up from $52.00) on shares of Southwest Airlines in a research report on Friday, April 26th. Finally, Wolfe Research upgraded shares of Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research report on Friday. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.15.

About Southwest Airlines

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.

Featured Article: What are trading strategies for the 52-week high/low?

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.