Southwest Airlines Co (NYSE:LUV) Shares Sold by CSat Investment Advisory L.P.

CSat Investment Advisory L.P. cut its stake in shares of Southwest Airlines Co (NYSE:LUV) by 20.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,459 shares of the airline’s stock after selling 5,641 shares during the period. CSat Investment Advisory L.P.’s holdings in Southwest Airlines were worth $1,090,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in LUV. Raymond James Financial Services Advisors Inc. lifted its position in Southwest Airlines by 0.8% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 79,276 shares of the airline’s stock worth $4,115,000 after acquiring an additional 655 shares in the last quarter. Sumitomo Mitsui Asset Management Company LTD lifted its position in Southwest Airlines by 9.7% during the 1st quarter. Sumitomo Mitsui Asset Management Company LTD now owns 12,659 shares of the airline’s stock worth $657,000 after acquiring an additional 1,122 shares in the last quarter. TD Asset Management Inc. increased its holdings in Southwest Airlines by 1.6% during the 1st quarter. TD Asset Management Inc. now owns 271,667 shares of the airline’s stock worth $14,102,000 after purchasing an additional 4,290 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Southwest Airlines by 13.5% during the 1st quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 100,150 shares of the airline’s stock worth $5,199,000 after purchasing an additional 11,913 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in Southwest Airlines by 2.9% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 77,955 shares of the airline’s stock worth $4,047,000 after purchasing an additional 2,226 shares during the last quarter. 82.02% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE LUV traded down $0.59 during trading on Friday, reaching $54.49. The stock had a trading volume of 5,714,270 shares, compared to its average volume of 3,510,949. Southwest Airlines Co has a one year low of $44.28 and a one year high of $64.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.59 and a current ratio of 0.64. The stock has a market cap of $30.22 billion, a PE ratio of 12.85, a P/E/G ratio of 1.36 and a beta of 1.45. The firm’s 50 day moving average price is $51.72 and its two-hundred day moving average price is $51.81.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.02. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the previous year, the business earned $1.26 EPS. The business’s quarterly revenue was up 2.9% on a year-over-year basis. On average, research analysts expect that Southwest Airlines Co will post 4.27 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, August 20th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.32%. Southwest Airlines’s dividend payout ratio (DPR) is 16.98%.

Several equities research analysts have issued reports on LUV shares. Argus downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Macquarie upgraded Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 price objective on the stock in a report on Friday, September 13th. Berenberg Bank started coverage on Southwest Airlines in a report on Friday, September 6th. They set a “hold” rating and a $57.00 price objective on the stock. Wolfe Research upgraded Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective on the stock in a report on Friday, August 16th. Finally, Zacks Investment Research upgraded Southwest Airlines from a “sell” rating to a “hold” rating and set a $59.00 price objective on the stock in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $57.22.

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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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, and Turks and Caicos.

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

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