Farmers & Merchants Trust Co of Chambersburg PA Sells 765 Shares of Southwest Airlines Co (NYSE:LUV)

Farmers & Merchants Trust Co of Chambersburg PA cut its position in Southwest Airlines Co (NYSE:LUV) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,220 shares of the airline’s stock after selling 765 shares during the quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Southwest Airlines were worth $1,033,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LUV. ACG Wealth raised its stake in shares of Southwest Airlines by 18.6% in the third quarter. ACG Wealth now owns 45,188 shares of the airline’s stock worth $2,822,000 after acquiring an additional 7,098 shares during the last quarter. First Hawaiian Bank bought a new position in shares of Southwest Airlines in the third quarter worth about $1,829,000. Valeo Financial Advisors LLC raised its stake in shares of Southwest Airlines by 12.3% in the third quarter. Valeo Financial Advisors LLC now owns 11,534 shares of the airline’s stock worth $566,000 after acquiring an additional 1,265 shares during the last quarter. BB&T Corp bought a new position in shares of Southwest Airlines in the third quarter worth about $292,000. Finally, Retirement Systems of Alabama raised its stake in shares of Southwest Airlines by 0.8% in the third quarter. Retirement Systems of Alabama now owns 552,217 shares of the airline’s stock worth $34,486,000 after acquiring an additional 4,150 shares during the last quarter. Institutional investors own 80.69% of the company’s stock.

In other Southwest Airlines news, Director John T. Montford sold 956 shares of the company’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $52.35, for a total value of $50,046.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Montford sold 980 shares of the company’s stock in a transaction on Wednesday, December 12th. The shares were sold at an average price of $51.27, for a total transaction of $50,244.60. Following the completion of the transaction, the director now owns 20,983 shares in the company, valued at $1,075,798.41. The disclosure for this sale can be found here. Corporate insiders own 0.23% of the company’s stock.

A number of brokerages have weighed in on LUV. Vertical Research assumed coverage on shares of Southwest Airlines in a research report on Monday, February 4th. They set a “buy” rating for the company. Macquarie set a $65.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Tuesday, January 29th. Cowen restated a “market perform” rating and set a $58.00 price objective (up previously from $54.00) on shares of Southwest Airlines in a report on Friday, January 25th. Imperial Capital restated an “in-line” rating and set a $60.00 price objective (up previously from $52.00) on shares of Southwest Airlines in a report on Friday, January 25th. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and fifteen have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $62.22.

Shares of LUV stock opened at $58.00 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.58 and a current ratio of 0.64. The firm has a market capitalization of $31.89 billion, a PE ratio of 13.68, a price-to-earnings-growth ratio of 0.89 and a beta of 1.54. Southwest Airlines Co has a 12 month low of $44.28 and a 12 month high of $64.02.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, January 24th. The airline reported $1.17 EPS for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.11. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.68 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.77 earnings per share. Analysts anticipate that Southwest Airlines Co will post 5.14 earnings per share for the current fiscal year.

The company also recently declared 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 annualized dividend and a yield of 1.10%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s dividend payout ratio (DPR) is currently 15.09%.

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

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