Smith Graham & Co. Investment Advisors LP Increases Holdings in Southwest Airlines Co (LUV)

Smith Graham & Co. Investment Advisors LP raised its position in Southwest Airlines Co (NYSE:LUV) by 21.5% during the fourth quarter, HoldingsChannel reports. The firm owned 174,460 shares of the airline’s stock after purchasing an additional 30,860 shares during the period. Southwest Airlines comprises 1.1% of Smith Graham & Co. Investment Advisors LP’s holdings, making the stock its 18th biggest position. Smith Graham & Co. Investment Advisors LP’s holdings in Southwest Airlines were worth $11,418,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. BB&T Investment Services Inc. lifted its holdings in Southwest Airlines by 325.5% in the 3rd 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 in the last quarter. Grove Bank & Trust lifted its holdings in Southwest Airlines by 365.0% in the 3rd 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 in the last quarter. Harfst & Associates Inc. lifted its holdings in Southwest Airlines by 43.8% in the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after purchasing an additional 732 shares in the last quarter. Steward Partners Investment Advisory LLC lifted its holdings in Southwest Airlines by 580.7% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock valued at $170,000 after purchasing an additional 2,224 shares in the last quarter. Finally, Asset Dedication LLC purchased a new position in Southwest Airlines in the 4th quarter valued at $191,000. Institutional investors own 78.51% of the company’s stock.

Shares of Southwest Airlines Co (NYSE LUV) traded down $0.01 on Monday, hitting $65.05. The company’s stock had a trading volume of 5,110,200 shares, compared to its average volume of 4,889,016. Southwest Airlines Co has a twelve month low of $48.71 and a twelve month high of $66.99. The firm has a market cap of $38,420.00, a P/E ratio of 18.64, a PEG ratio of 1.36 and a beta of 1.35. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 4th. Investors of record on Thursday, December 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date was Wednesday, December 6th. Southwest Airlines’s payout ratio is 14.33%.

A number of research analysts have weighed in on LUV shares. Macquarie started coverage on Southwest Airlines in a report on Monday, September 25th. They issued an “outperform” rating and a $62.00 price objective on the stock. Vetr downgraded Southwest Airlines from a “buy” rating to a “hold” rating and set a $59.16 target price for the company. in a research note on Wednesday, October 4th. Cowen reaffirmed an “outperform” rating and issued a $64.00 target price (up from $62.00) on shares of Southwest Airlines in a research note on Friday, October 27th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 target price on shares of Southwest Airlines in a research note on Friday, October 27th. Finally, Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Southwest Airlines has a consensus rating of “Buy” and a consensus target price of $67.93.

In related news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction 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 approximately $1,348,500. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Robert E. Jordan sold 32,931 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now directly owns 76,993 shares of the company’s stock, valued at $4,956,809.34. The disclosure for this sale can be found here. Insiders have sold a total of 35,561 shares of company stock valued at $2,277,774 over the last three months. Corporate insiders own 0.21% of the company’s stock.

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

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