Todd Asset Management LLC lowered its stake in Southwest Airlines Co (NYSE:LUV) by 0.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 436,183 shares of the airline’s stock after selling 1,735 shares during the quarter. Todd Asset Management LLC owned approximately 0.08% of Southwest Airlines worth $22,149,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also added to or reduced their stakes in LUV. Boston Partners increased its stake in Southwest Airlines by 13.9% in the 1st quarter. Boston Partners now owns 9,998,417 shares of the airline’s stock worth $519,018,000 after purchasing an additional 1,219,028 shares during the period. Geode Capital Management LLC increased its stake in Southwest Airlines by 13.7% in the 4th quarter. Geode Capital Management LLC now owns 6,706,799 shares of the airline’s stock worth $311,306,000 after purchasing an additional 809,418 shares during the period. Bank of Montreal Can increased its stake in Southwest Airlines by 5.9% in the 1st quarter. Bank of Montreal Can now owns 6,137,619 shares of the airline’s stock worth $318,604,000 after purchasing an additional 340,516 shares during the period. Northern Trust Corp increased its stake in Southwest Airlines by 3.9% in the 1st quarter. Northern Trust Corp now owns 5,507,833 shares of the airline’s stock worth $285,912,000 after purchasing an additional 204,758 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Southwest Airlines by 37.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,617 shares of the airline’s stock worth $228,736,000 after purchasing an additional 1,348,168 shares during the period. 82.64% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have commented on the company. Morgan Stanley decreased their price target on Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 14th. Argus cut Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday, August 13th. Barclays decreased their price target 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. Wolfe Research raised Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price target on the stock in a research note on Friday, August 16th. Finally, Imperial Capital reaffirmed an “in-line” rating and issued a $55.00 price target (up from $52.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company. Southwest Airlines has an average rating of “Hold” and an average target price of $57.15.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.02. The firm had revenue of $5.91 billion for the quarter, compared to analyst estimates of $5.94 billion. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The business’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. As a group, equities research analysts forecast that Southwest Airlines Co will post 4.29 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.42%. Southwest Airlines’s dividend payout ratio is currently 16.98%.
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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