Deutsche Bank AG grew its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 53.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,672,991 shares of the airline’s stock after acquiring an additional 583,877 shares during the period. Deutsche Bank AG owned about 0.30% of Southwest Airlines worth $77,752,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also recently modified their holdings of the company. Cerity Partners LLC raised its position in shares of Southwest Airlines by 4.6% during the 4th quarter. Cerity Partners LLC now owns 5,179 shares of the airline’s stock valued at $241,000 after buying an additional 228 shares in the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Southwest Airlines by 4.3% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 5,590 shares of the airline’s stock worth $259,000 after acquiring an additional 231 shares in the last quarter. Fulton Bank N.A. grew its stake in Southwest Airlines by 0.8% in the 4th quarter. Fulton Bank N.A. now owns 29,372 shares of the airline’s stock worth $1,366,000 after acquiring an additional 237 shares in the last quarter. Cypress Capital Group grew its stake in Southwest Airlines by 2.4% in the 4th quarter. Cypress Capital Group now owns 11,471 shares of the airline’s stock worth $533,000 after acquiring an additional 273 shares in the last quarter. Finally, Cornerstone Advisors Inc. grew its stake in Southwest Airlines by 6.8% in the 3rd quarter. Cornerstone Advisors Inc. now owns 4,572 shares of the airline’s stock worth $286,000 after acquiring an additional 292 shares in the last quarter. 81.29% of the stock is owned by institutional investors.
A number of research firms have recently issued reports on LUV. Vertical Research began coverage on shares of Southwest Airlines in a research note on Monday, February 4th. They set a “buy” rating on the stock. Goldman Sachs Group downgraded shares of Southwest Airlines from a “neutral” rating to a “sell” rating and lowered their target price for the company from $66.00 to $54.00 in a research note on Wednesday, February 20th. Macquarie set a $65.00 target price on shares of Southwest Airlines and gave the company a “buy” rating in a research note on Tuesday, January 29th. Imperial Capital restated an “in-line” rating and issued a $58.00 target price (down from $60.00) on shares of Southwest Airlines in a research note on Thursday, February 21st. Finally, Credit Suisse Group reaffirmed a “hold” rating and issued 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 issued a hold rating and nine have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $58.64.
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 analysts’ consensus estimates of $0.61 by $0.09. The business had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. Sell-side analysts forecast that Southwest Airlines Co will post 4.76 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th were paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s payout ratio is currently 15.09%.
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About Southwest Airlines
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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