BancorpSouth Bank trimmed its position in Southwest Airlines Co (NYSE:LUV) by 3.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,684 shares of the airline’s stock after selling 395 shares during the quarter. BancorpSouth Bank’s holdings in Southwest Airlines were worth $589,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Cordasco Financial Network purchased a new position in shares of Southwest Airlines in the 4th quarter valued at about $37,000. Intercontinental Wealth Advisors LLC purchased a new position in Southwest Airlines during the 4th quarter worth approximately $44,000. Athena Capital Advisors LLC purchased a new position in Southwest Airlines during the 4th quarter worth approximately $45,000. Colrain Capital LLC purchased a new position in Southwest Airlines during the 4th quarter worth approximately $46,000. Finally, Financial Gravity Companies Inc. purchased a new position in Southwest Airlines during the 4th quarter worth approximately $61,000. 79.84% of the stock is owned by institutional investors and hedge funds.
LUV has been the topic of a number of research reports. Macquarie downgraded Southwest Airlines from an “outperform” rating to a “neutral” rating in a research note on Friday, February 22nd. Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a report on Friday, January 11th. Imperial Capital reissued an “in-line” rating and issued a $58.00 price target (down from $60.00) on shares of Southwest Airlines in a report on Thursday, February 21st. ValuEngine cut Southwest Airlines from a “hold” rating to a “sell” rating in a report on Monday. Finally, Credit Suisse Group initiated coverage on Southwest Airlines in a report on Monday, November 19th. They set a “neutral” rating and a $54.00 price objective for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $61.76.
NYSE LUV traded up $0.55 on Thursday, hitting $51.16. 7,698,698 shares of the stock traded hands, compared to its average volume of 5,579,491. The stock has a market capitalization of $27.97 billion, a P/E ratio of 12.07, a PEG ratio of 0.86 and a beta of 1.51. Southwest Airlines Co has a twelve month low of $44.28 and a twelve month high of $64.02. The company has a quick ratio of 0.58, a current ratio of 0.64 and a debt-to-equity ratio of 0.45.
Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 24th. The airline reported $1.17 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.06 by $0.11. Southwest Airlines had a return on equity of 24.56% and a net margin of 11.22%. The company had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.68 billion. During the same period in the prior year, the company earned $0.77 earnings per share. The business’s revenue was up 8.5% compared to the same quarter last year. On average, analysts anticipate that Southwest Airlines Co will post 5.12 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given a $0.16 dividend. The ex-dividend date of this dividend is Tuesday, March 5th. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. Southwest Airlines’s dividend payout ratio (DPR) is 15.09%.
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, 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, and Turks and Caicos.
Recommended Story: Investing strategies using the yield curve
Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.