US Bancorp DE trimmed its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 4.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 247,166 shares of the airline’s stock after selling 11,512 shares during the period. US Bancorp DE’s holdings in Southwest Airlines were worth $16,177,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of LUV. Virtu KCG Holdings LLC grew its position in Southwest Airlines by 2.6% during the second quarter. Virtu KCG Holdings LLC now owns 6,032 shares of the airline’s stock worth $375,000 after buying an additional 150 shares in the last quarter. Macquarie Group Ltd. grew its position in Southwest Airlines by 7.7% during the second quarter. Macquarie Group Ltd. now owns 216,819 shares of the airline’s stock worth $13,472,000 after buying an additional 15,575 shares in the last quarter. Janus Henderson Group PLC grew its position in Southwest Airlines by 2,636.4% during the second quarter. Janus Henderson Group PLC now owns 670,614 shares of the airline’s stock worth $41,672,000 after buying an additional 646,107 shares in the last quarter. Cubist Systematic Strategies LLC grew its position in Southwest Airlines by 133.3% during the second quarter. Cubist Systematic Strategies LLC now owns 35,668 shares of the airline’s stock worth $2,216,000 after buying an additional 20,381 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in Southwest Airlines during the second quarter worth about $416,000. Institutional investors and hedge funds own 78.24% of the company’s stock.
In other news, EVP Robert E. Jordan sold 32,931 shares of the business’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 completion of the sale, the executive vice president now owns 76,993 shares of the company’s stock, valued at approximately $4,956,809.34. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction dated 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 directly owns 23,098 shares of the company’s stock, valued at approximately $1,461,410.46. The disclosure for this sale can be found here. In the last three months, insiders sold 35,561 shares of company stock valued at $2,277,774. 0.21% of the stock is currently owned by corporate insiders.
Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 25th. The airline reported $0.77 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.01. Southwest Airlines had a return on equity of 23.43% and a net margin of 16.48%. The company had revenue of $5.27 billion during the quarter, compared to analyst estimates of $5.25 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Southwest Airlines’s revenue for the quarter was up 3.9% on a year-over-year basis. analysts expect that Southwest Airlines Co will post 4.92 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 28th. Stockholders of record on Wednesday, March 7th will be paid a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Tuesday, March 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 8.59%.
Several equities analysts recently commented on the company. Bank of America cut Southwest Airlines from a “buy” rating to a “neutral” rating and set a $73.00 target price for the company. in a research report on Tuesday, January 9th. Vetr raised Southwest Airlines from a “strong sell” rating to a “sell” rating and set a $60.23 price target for the company in a research note on Tuesday, December 26th. Atlantic Securities raised Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $48.71 to $71.00 in a research note on Thursday, December 14th. ValuEngine lowered Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd. Finally, Zacks Investment Research lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday, October 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and a consensus target price of $67.97.
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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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