Bremer Trust National Association cut its stake in Southwest Airlines Co (NYSE:LUV) by 3.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,203 shares of the airline’s stock after selling 1,117 shares during the quarter. Bremer Trust National Association’s holdings in Southwest Airlines were worth $2,107,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in LUV. Boston Partners raised its position in Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock valued at $278,822,000 after purchasing an additional 2,511,258 shares during the period. Janus Henderson Group PLC increased its position in shares of Southwest Airlines by 171.7% during the third quarter. Janus Henderson Group PLC now owns 1,821,985 shares of the airline’s stock worth $101,994,000 after acquiring an additional 1,151,371 shares during the last quarter. Thrivent Financial For Lutherans increased its position in shares of Southwest Airlines by 35.6% during the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock worth $257,901,000 after acquiring an additional 1,090,189 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Southwest Airlines by 104.3% during the third quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock worth $98,219,000 after acquiring an additional 895,770 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of Southwest Airlines during the third quarter worth about $46,406,000. 78.55% of the stock is currently owned by institutional investors.
Shares of Southwest Airlines Co (LUV) traded up $0.52 during trading on Friday, reaching $65.36. The company had a trading volume of 3,807,891 shares, compared to its average volume of 4,979,400. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The company has a market capitalization of $38,780.00, a price-to-earnings ratio of 18.73, a P/E/G ratio of 1.66 and a beta of 1.35. Southwest Airlines Co has a 1 year low of $48.71 and a 1 year high of $66.99.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, December 6th. Southwest Airlines’s dividend payout ratio is currently 14.33%.
A number of analysts have recently issued reports on the company. Stifel Nicolaus reaffirmed a “buy” rating and set a $85.00 target price (up from $80.00) on shares of Southwest Airlines in a research report on Wednesday. Cowen reaffirmed a “buy” rating and set a $67.00 target price on shares of Southwest Airlines in a research report on Tuesday. Bank of America lowered Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price on the stock. in a research report on Tuesday. ValuEngine lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Finally, Vetr raised Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 target price on the stock in a research report on Monday, January 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $67.93.
In related news, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total value of $107,242.65. Following the completion of the sale, the director now directly owns 23,098 shares of the company’s stock, valued at $1,461,410.46. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John T. Montford sold 935 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at $1,348,500. The disclosure for this sale can be found here. Over the last three months, insiders sold 35,593 shares of company stock valued at $2,279,660. 0.21% of the stock is owned by corporate insiders.
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Southwest Airlines Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.
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