Cetera Investment Advisers grew its position in Southwest Airlines Co (NYSE:LUV) by 19.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,397 shares of the airline’s stock after acquiring an additional 895 shares during the quarter. Cetera Investment Advisers’ holdings in Southwest Airlines were worth $253,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Carillon Tower Advisers Inc. lifted its holdings in shares of Southwest Airlines by 3.5% in the third quarter. Carillon Tower Advisers Inc. now owns 344,300 shares of the airline’s stock valued at $21,502,000 after purchasing an additional 11,750 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of Southwest Airlines in the third quarter valued at about $1,054,000. Aviva PLC lifted its holdings in shares of Southwest Airlines by 174.1% in the third quarter. Aviva PLC now owns 203,047 shares of the airline’s stock valued at $12,680,000 after purchasing an additional 128,959 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of Southwest Airlines in the third quarter valued at about $267,000. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of Southwest Airlines by 788.8% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 75,550 shares of the airline’s stock valued at $4,718,000 after purchasing an additional 67,050 shares in the last quarter. Institutional investors own 81.19% of the company’s stock.
A number of brokerages have recently commented on LUV. Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a report on Tuesday, April 2nd. Credit Suisse Group cut their price target on Southwest Airlines from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, March 28th. Cowen cut their price target on Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, March 27th. Imperial Capital dropped their target price on Southwest Airlines from $58.00 to $55.00 and set an “in-line” rating on the stock in a report on Wednesday, March 20th. Finally, Macquarie set a $52.00 target price on Southwest Airlines and gave the stock a “hold” rating in a report on Thursday, March 28th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $58.77.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share (EPS) for the quarter, topping the 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 return on equity of 24.56% and a net margin of 11.22%. Southwest Airlines’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.77 earnings per share. On average, research analysts forecast that Southwest Airlines Co will post 4.76 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date was Tuesday, March 5th. Southwest Airlines’s dividend payout ratio (DPR) is presently 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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