Sheaff Brock Investment Advisors LLC Sells 1,099 Shares of Southwest Airlines Co (NYSE:LUV)

Sheaff Brock Investment Advisors LLC trimmed its position in shares of Southwest Airlines Co (NYSE:LUV) by 8.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,838 shares of the airline’s stock after selling 1,099 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Southwest Airlines were worth $601,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in LUV. AJO LP raised its position in shares of Southwest Airlines by 9,537.6% during the 1st quarter. AJO LP now owns 1,518,979 shares of the airline’s stock valued at $78,850,000 after purchasing an additional 1,503,218 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Southwest Airlines by 37.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,920,617 shares of the airline’s stock valued at $228,736,000 after purchasing an additional 1,348,168 shares during the period. Boston Partners raised its position in shares of Southwest Airlines by 13.9% during the 1st quarter. Boston Partners now owns 9,998,417 shares of the airline’s stock valued at $519,018,000 after purchasing an additional 1,219,028 shares during the period. State of Tennessee Treasury Department raised its position in shares of Southwest Airlines by 629.5% during the 1st quarter. State of Tennessee Treasury Department now owns 1,290,943 shares of the airline’s stock valued at $67,013,000 after purchasing an additional 1,113,980 shares during the period. Finally, Provident Trust Co. raised its position in shares of Southwest Airlines by 31.6% during the 1st quarter. Provident Trust Co. now owns 3,719,195 shares of the airline’s stock valued at $193,063,000 after purchasing an additional 892,013 shares during the period. Hedge funds and other institutional investors own 84.25% of the company’s stock.

Several equities analysts recently weighed in on LUV shares. Morgan Stanley reaffirmed a “buy” rating and set a $59.00 target price (down from $64.00) on shares of Southwest Airlines in a research note on Wednesday. Cowen reaffirmed a “market perform” rating and set a $57.00 target price (up from $55.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Imperial Capital reaffirmed an “in-line” rating and set a $55.00 target price (up from $52.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Argus cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Barclays cut their target price on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating for the company in a research note on Friday, April 26th. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $57.16.



Shares of Southwest Airlines stock traded down $1.28 during trading on Wednesday, hitting $48.64. The stock had a trading volume of 74,784 shares, compared to its average volume of 4,368,418. The company has a fifty day simple moving average of $51.75. The firm has a market capitalization of $27.12 billion, a PE ratio of 11.48, a PEG ratio of 1.09 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.59 and a current ratio of 0.64. Southwest Airlines Co has a 12 month low of $44.28 and a 12 month high of $64.02.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.02. The firm had revenue of $5.91 billion during the quarter, compared to analyst estimates of $5.94 billion. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter last year, the business earned $1.26 EPS. Analysts forecast that Southwest Airlines Co will post 4.35 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.48%. Southwest Airlines’s dividend payout ratio (DPR) is presently 16.98%.

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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