Swiss National Bank Has $24.40 Million Stake in Southwest Airlines Co (NYSE:LUV)

Swiss National Bank lifted its holdings in Southwest Airlines Co (NYSE:LUV) by 1.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 470,012 shares of the airline’s stock after buying an additional 7,300 shares during the quarter. Swiss National Bank owned approximately 0.09% of Southwest Airlines worth $24,398,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. boosted its stake in Southwest Airlines by 48.5% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 1,547 shares of the airline’s stock worth $72,000 after acquiring an additional 505 shares in the last quarter. Dupont Capital Management Corp lifted its stake in shares of Southwest Airlines by 9.3% in the fourth quarter. Dupont Capital Management Corp now owns 6,577 shares of the airline’s stock valued at $306,000 after buying an additional 561 shares in the last quarter. LS Investment Advisors LLC lifted its position in shares of Southwest Airlines by 27.7% during the fourth quarter. LS Investment Advisors LLC now owns 21,322 shares of the airline’s stock valued at $991,000 after purchasing an additional 4,625 shares in the last quarter. ETF Managers Group LLC lifted its position in shares of Southwest Airlines by 15.7% during the fourth quarter. ETF Managers Group LLC now owns 2,274 shares of the airline’s stock valued at $106,000 after purchasing an additional 309 shares in the last quarter. Finally, M&T Bank Corp lifted its position in shares of Southwest Airlines by 9.0% during the fourth quarter. M&T Bank Corp now owns 136,250 shares of the airline’s stock valued at $6,334,000 after purchasing an additional 11,234 shares in the last quarter. 83.59% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. Cowen decreased their price objective on shares of Southwest Airlines from $58.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, March 27th. Credit Suisse Group decreased their price objective on shares of Southwest Airlines from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, March 28th. Imperial Capital decreased their price objective on shares of Southwest Airlines from $58.00 to $55.00 and set an “in-line” rating for the company in a report on Wednesday, March 20th. Finally, Argus reiterated a “buy” rating on shares of Southwest Airlines in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.15.

Shares of LUV traded up $0.76 during mid-day trading on Monday, reaching $51.54. The company’s stock had a trading volume of 3,348,997 shares, compared to its average volume of 4,545,767. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 0.63. Southwest Airlines Co has a 52 week low of $44.28 and a 52 week high of $64.02. The stock’s fifty day moving average price is $50.95. The firm has a market capitalization of $27.58 billion, a PE ratio of 12.16, a PEG ratio of 1.16 and a beta of 1.48.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, April 25th. The airline reported $0.70 EPS for the quarter, topping the consensus estimate of $0.61 by $0.09. The company had revenue of $5.15 billion for the quarter, compared to the consensus estimate of $5.14 billion. Southwest Airlines had a net margin of 10.78% and a return on equity of 23.94%. The firm’s revenue for the quarter was up 4.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 earnings per share. As a group, sell-side analysts expect that Southwest Airlines Co will post 4.56 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 26th. Shareholders of record on Wednesday, June 5th were given a dividend of $0.18 per share. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Tuesday, June 4th. Southwest Airlines’s payout ratio is presently 16.98%.

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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