OLD Second National Bank of Aurora lifted its holdings in Southwest Airlines Co (NYSE:LUV) by 1.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,794 shares of the airline’s stock after purchasing an additional 394 shares during the quarter. OLD Second National Bank of Aurora’s holdings in Southwest Airlines were worth $1,710,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Cordasco Financial Network acquired a new position in shares of Southwest Airlines in the fourth quarter valued at $37,000. Ipswich Investment Management Co. Inc. acquired a new position in shares of Southwest Airlines in the fourth quarter valued at $84,000. TRUE Private Wealth Advisors acquired a new position in shares of Southwest Airlines in the third quarter valued at $111,000. Northwest Wealth Management LLC increased its holdings in shares of Southwest Airlines by 357.1% in the third quarter. Northwest Wealth Management LLC now owns 1,920 shares of the airline’s stock valued at $120,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Girard Partners LTD. acquired a new position in shares of Southwest Airlines in the third quarter valued at $126,000. 79.47% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director John T. Montford sold 956 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $52.35, for a total transaction of $50,046.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John T. Montford sold 980 shares of the firm’s stock in a transaction that occurred on Wednesday, December 12th. The stock was sold at an average price of $51.27, for a total transaction of $50,244.60. Following the sale, the director now directly owns 20,983 shares of the company’s stock, valued at approximately $1,075,798.41. The disclosure for this sale can be found here. Company insiders own 0.23% of the company’s stock.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.68 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.77 EPS. Analysts forecast that Southwest Airlines Co will post 5.14 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s dividend payout ratio is presently 15.09%.
LUV has been the topic of several research reports. Imperial Capital restated an “in-line” rating and issued a $62.00 price target (up from $56.00) on shares of Southwest Airlines in a research note on Tuesday, December 4th. Cowen restated a “market perform” rating and issued a $58.00 price target (up from $54.00) on shares of Southwest Airlines in a research note on Friday, January 25th. Macquarie set a $65.00 price objective on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Vertical Research began coverage on shares of Southwest Airlines in a research report on Monday, February 4th. They set a “buy” rating for the company. Finally, Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $55.00 price objective for the company in a research report on Friday, January 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $62.22.
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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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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