Independent Advisor Alliance decreased its holdings in Southwest Airlines Co (NYSE:LUV) by 3.9% in the first quarter, HoldingsChannel reports. The firm owned 15,883 shares of the airline’s stock after selling 648 shares during the quarter. Independent Advisor Alliance’s holdings in Southwest Airlines were worth $824,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. Paragon Capital Management LLC bought a new stake in shares of Southwest Airlines in the first quarter worth $26,000. Shine Investment Advisory Services Inc. grew its holdings in shares of Southwest Airlines by 208.0% in the first quarter. Shine Investment Advisory Services Inc. now owns 616 shares of the airline’s stock worth $32,000 after acquiring an additional 416 shares during the period. Acadian Asset Management LLC bought a new stake in shares of Southwest Airlines in the fourth quarter worth $33,000. Destination Wealth Management grew its holdings in shares of Southwest Airlines by 107.9% in the first quarter. Destination Wealth Management now owns 634 shares of the airline’s stock worth $33,000 after acquiring an additional 329 shares during the period. Finally, Field & Main Bank bought a new stake in shares of Southwest Airlines in the first quarter worth $35,000. 81.66% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on the company. Macquarie set a $52.00 price objective on Southwest Airlines and gave the stock a “hold” rating in a report on Thursday, March 28th. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday. Argus reaffirmed a “buy” rating on shares of Southwest Airlines in a report on Wednesday, May 1st. Imperial Capital reaffirmed an “in-line” rating and issued a $52.00 price objective (down previously from $55.00) on shares of Southwest Airlines in a report on Thursday, March 28th. Finally, Credit Suisse Group reissued a “hold” rating and set a $56.00 price target (down previously from $60.00) on shares of Southwest Airlines in a report on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $58.64.
NYSE:LUV opened at $52.59 on Friday. Southwest Airlines Co has a 52-week low of $44.28 and a 52-week high of $64.02. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.63 and a quick ratio of 0.57. The stock has a market cap of $28.24 billion, a price-to-earnings ratio of 12.40, a P/E/G ratio of 1.31 and a beta of 1.49.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.09. Southwest Airlines had a return on equity of 23.94% and a net margin of 10.78%. The business had revenue of $5.15 billion during the quarter, compared to analyst estimates of $5.14 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Southwest Airlines’s revenue for the quarter was up 4.1% on a year-over-year basis. Equities research analysts predict that Southwest Airlines Co will post 4.67 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.37%. The ex-dividend date is Tuesday, June 4th. This is a positive change from Southwest Airlines’s previous quarterly dividend of $0.16. Southwest Airlines’s payout ratio is currently 15.09%.
Southwest Airlines 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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