MetLife Investment Advisors LLC Has $9.32 Million Holdings in Southwest Airlines Co (LUV)

MetLife Investment Advisors LLC decreased its position in Southwest Airlines Co (NYSE:LUV) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 162,782 shares of the airline’s stock after selling 6,129 shares during the period. MetLife Investment Advisors LLC’s holdings in Southwest Airlines were worth $9,324,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of LUV. SeaCrest Wealth Management LLC bought a new position in shares of Southwest Airlines during the 4th quarter valued at approximately $136,000. Old Mutual Global Investors UK Ltd. boosted its holdings in Southwest Airlines by 86,686.9% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 171,838 shares of the airline’s stock worth $11,246,000 after buying an additional 171,640 shares during the period. New Mexico Educational Retirement Board boosted its holdings in Southwest Airlines by 3.7% in the 4th quarter. New Mexico Educational Retirement Board now owns 52,904 shares of the airline’s stock worth $3,463,000 after buying an additional 1,900 shares during the period. Cetera Advisors LLC boosted its holdings in Southwest Airlines by 14.4% in the 4th quarter. Cetera Advisors LLC now owns 13,726 shares of the airline’s stock worth $905,000 after buying an additional 1,730 shares during the period. Finally, Cetera Advisor Networks LLC boosted its holdings in Southwest Airlines by 10.7% in the 4th quarter. Cetera Advisor Networks LLC now owns 14,283 shares of the airline’s stock worth $937,000 after buying an additional 1,386 shares during the period. Hedge funds and other institutional investors own 80.20% of the company’s stock.

Shares of Southwest Airlines opened at $51.35 on Thursday, Marketbeat.com reports. The company has a quick ratio of 0.61, a current ratio of 0.67 and a debt-to-equity ratio of 0.50. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. The firm has a market capitalization of $29.56 billion, a price-to-earnings ratio of 14.67, a PEG ratio of 0.92 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Southwest Airlines had a net margin of 16.95% and a return on equity of 23.25%. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $5 billion. During the same period last year, the firm earned $0.61 EPS. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. equities analysts expect that Southwest Airlines Co will post 4.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.25%. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.13. The ex-dividend date is Tuesday, June 5th. Southwest Airlines’s dividend payout ratio (DPR) is presently 18.29%.

Several research firms recently commented on LUV. Deutsche Bank cut their price objective on shares of Southwest Airlines from $71.00 to $66.00 and set a “buy” rating for the company in a report on Monday. Tigress Financial began coverage on shares of Southwest Airlines in a report on Friday, May 25th. They issued a “buy” rating for the company. Buckingham Research cut their price objective on shares of Southwest Airlines from $68.00 to $66.00 and set a “buy” rating for the company in a report on Wednesday. Citigroup cut their price objective on shares of Southwest Airlines from $74.00 to $67.00 and set a “buy” rating for the company in a report on Monday, April 30th. Finally, Cowen cut their price objective on shares of Southwest Airlines from $65.00 to $63.00 and set an “outperform” rating for the company in a report on Monday, June 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eighteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $67.95.

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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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, Turks, and Chaos.

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

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