Asset Dedication LLC Takes $191,000 Position in Southwest Airlines Co (LUV)

Asset Dedication LLC bought a new stake in shares of Southwest Airlines Co (NYSE:LUV) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 2,921 shares of the airline’s stock, valued at approximately $191,000.

Several other hedge funds have also added to or reduced their stakes in LUV. BB&T Investment Services Inc. lifted its holdings in shares of Southwest Airlines by 325.5% during the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock valued at $110,000 after purchasing an additional 1,211 shares during the last quarter. Grove Bank & Trust lifted its holdings in shares of Southwest Airlines by 365.0% during the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after purchasing an additional 1,880 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in shares of Southwest Airlines by 43.8% during the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares during the last quarter. Smith Moore & CO. purchased a new position in shares of Southwest Airlines during the third quarter valued at approximately $206,000. Finally, Courier Capital LLC purchased a new position in shares of Southwest Airlines during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Shares of Southwest Airlines Co (LUV) opened at $66.07 on Thursday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.61 and a quick ratio of 0.55. Southwest Airlines Co has a 1 year low of $48.71 and a 1 year high of $66.99. The company has a market cap of $39,210.00, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 1.37 and a beta of 1.35.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, October 26th. The airline reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The firm’s revenue was up 2.6% on a year-over-year basis. equities analysts expect that Southwest Airlines Co will post 3.5 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, January 4th. Shareholders of record on Thursday, December 7th were given a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date of this dividend was Wednesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 14.33%.

In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of Southwest Airlines stock in a transaction that occurred on Wednesday, December 13th. The shares were 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 owns 23,098 shares of the company’s stock, valued at approximately $1,461,410.46. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of Southwest Airlines stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $64.38, for a total transaction of $2,120,097.78. Following the completion of the sale, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 35,561 shares of company stock valued at $2,277,774. 0.21% of the stock is currently owned by insiders.

Several equities analysts have recently issued reports on LUV shares. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Southwest Airlines in a report on Wednesday, November 1st. Deutsche Bank restated a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Vetr lowered shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price objective for the company. in a report on Friday, September 22nd. Cowen restated a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $67.93.

TRADEMARK VIOLATION NOTICE: This piece of content was published by Community Financial News and is owned by of Community Financial News. If you are reading this piece of content on another site, it was stolen and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/01/18/asset-dedication-llc-takes-191000-position-in-southwest-airlines-co-luv.html.

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.

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

What are top analysts saying about Southwest Airlines? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Southwest Airlines and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit