Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Southwest Airlines Co (NYSE:LUV) by 5.3% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 29,080 shares of the airline’s stock after acquiring an additional 1,472 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Southwest Airlines were worth $1,510,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Paragon Capital Management LLC bought a new position in shares of Southwest Airlines in the first quarter worth about $26,000. Shine Investment Advisory Services Inc. increased its stake 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 purchasing an additional 416 shares during the period. Destination Wealth Management increased its stake 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 purchasing an additional 329 shares during the period. Field & Main Bank bought a new position in shares of Southwest Airlines in the first quarter worth about $35,000. Finally, Somerset Trust Co increased its stake in shares of Southwest Airlines by 185.5% in the first quarter. Somerset Trust Co now owns 688 shares of the airline’s stock worth $36,000 after purchasing an additional 447 shares during the period. Institutional investors own 81.66% of the company’s stock.
LUV has been the topic of a number of recent analyst reports. Vertical Research initiated coverage on Southwest Airlines in a research note on Monday, February 4th. They issued a “buy” rating on the stock. Macquarie set a $65.00 price objective on Southwest Airlines and gave the stock a “buy” rating in a research note on Tuesday, January 29th. Zacks Investment Research upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a research note on Wednesday, January 23rd. Argus reiterated a “buy” rating on shares of Southwest Airlines in a research note on Wednesday, May 1st. Finally, Barclays dropped their price objective on Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $58.64.
LUV stock opened at $52.24 on Monday. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $64.02. The stock has a market cap of $28.37 billion, a P/E ratio of 12.32, a PEG ratio of 1.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 0.63.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, April 25th. The airline reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $5.14 billion. During the same period last year, the business earned $0.79 earnings per share. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. On average, sell-side analysts predict that Southwest Airlines Co will post 4.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Wednesday, June 5th will be given a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 4th. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.38%. Southwest Airlines’s dividend payout ratio (DPR) is 15.09%.
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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