Delta Financial Advisors LLC Cuts Position in Southwest Airlines Co (NYSE:LUV)

Delta Financial Advisors LLC lessened its position in shares of Southwest Airlines Co (NYSE:LUV) by 3.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,143 shares of the airline’s stock after selling 1,055 shares during the quarter. Delta Financial Advisors LLC’s holdings in Southwest Airlines were worth $1,735,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Coastal Investment Advisors Inc. raised its position in shares of Southwest Airlines by 3.6% in the 3rd quarter. Coastal Investment Advisors Inc. now owns 5,613 shares of the airline’s stock worth $303,000 after acquiring an additional 195 shares in the last quarter. JFS Wealth Advisors LLC increased its holdings in shares of Southwest Airlines by 40.0% in the third quarter. JFS Wealth Advisors LLC now owns 700 shares of the airline’s stock valued at $38,000 after purchasing an additional 200 shares during the last quarter. Ambassador Advisors LLC increased its holdings in shares of Southwest Airlines by 3.8% in the fourth quarter. Ambassador Advisors LLC now owns 5,400 shares of the airline’s stock valued at $291,000 after purchasing an additional 200 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co increased its holdings in shares of Southwest Airlines by 14.3% in the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,600 shares of the airline’s stock valued at $86,000 after purchasing an additional 200 shares during the last quarter. Finally, Executive Wealth Management LLC grew its position in Southwest Airlines by 16.5% in the third quarter. Executive Wealth Management LLC now owns 1,436 shares of the airline’s stock worth $77,000 after acquiring an additional 203 shares during the period. Institutional investors and hedge funds own 82.78% of the company’s stock.

Southwest Airlines stock opened at $58.74 on Friday. Southwest Airlines Co has a 1-year low of $47.40 and a 1-year high of $58.69. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.67 and a quick ratio of 0.61. The stock has a market cap of $30.35 billion, a PE ratio of 13.69, a P/E/G ratio of 1.47 and a beta of 1.47. The stock’s fifty day moving average is $55.40 and its two-hundred day moving average is $54.45.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.98 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.09 by ($0.11). Southwest Airlines had a net margin of 10.26% and a return on equity of 23.31%. The business had revenue of $5.73 billion during the quarter, compared to analyst estimates of $5.74 billion. During the same quarter in the prior year, the business earned $1.17 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis. On average, research analysts expect that Southwest Airlines Co will post 4.56 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 25th. Stockholders of record on Wednesday, March 4th will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date is Tuesday, March 3rd. Southwest Airlines’s dividend payout ratio (DPR) is currently 16.86%.

Several research analysts recently weighed in on the company. Deutsche Bank lowered Southwest Airlines from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $62.00 to $58.00 in a research report on Friday, January 17th. Stifel Nicolaus lowered Southwest Airlines from a “buy” rating to a “hold” rating and lowered their price target for the stock from $75.00 to $60.00 in a research report on Monday, October 21st. Citigroup began coverage on Southwest Airlines in a research report on Thursday, October 31st. They set a “neutral” rating and a $59.00 price target for the company. Vertical Research lowered Southwest Airlines from a “buy” rating to a “hold” rating and set a $58.00 target price for the company. in a report on Thursday, January 9th. Finally, UBS Group began coverage on Southwest Airlines in a report on Tuesday, November 12th. They issued a “neutral” rating and a $60.00 target price for the company. Two investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $58.18.

Southwest Airlines Profile

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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