Palladium Partners LLC Trims Stake in Southwest Airlines Company (LUV)

Palladium Partners LLC trimmed its position in shares of Southwest Airlines Company (NYSE:LUV) by 3.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 79,497 shares of the airline’s stock after selling 2,725 shares during the quarter. Palladium Partners LLC’s holdings in Southwest Airlines were worth $4,450,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Stonebridge Capital Advisors LLC lifted its holdings in shares of Southwest Airlines by 0.6% during the 2nd quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock valued at $395,000 after buying an additional 35 shares during the last quarter. Bank of Hawaii lifted its holdings in shares of Southwest Airlines by 0.3% during the 2nd quarter. Bank of Hawaii now owns 12,906 shares of the airline’s stock valued at $802,000 after buying an additional 39 shares during the last quarter. Alps Advisors Inc. lifted its holdings in shares of Southwest Airlines by 0.6% during the 2nd quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock valued at $624,000 after buying an additional 62 shares during the last quarter. Farmers & Merchants Investments Inc. lifted its holdings in shares of Southwest Airlines by 2.9% during the 2nd quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after buying an additional 75 shares during the last quarter. Finally, Atlantic Trust Group LLC lifted its holdings in shares of Southwest Airlines by 0.3% during the 2nd quarter. Atlantic Trust Group LLC now owns 30,079 shares of the airline’s stock valued at $1,870,000 after buying an additional 78 shares during the last quarter. Institutional investors and hedge funds own 80.15% of the company’s stock.

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In other news, Director John T. Montford sold 935 shares of the business’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the sale, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.21% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Vetr upgraded Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 price target for the company in a report on Monday. Zacks Investment Research upgraded Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. J P Morgan Chase & Co boosted their target price on Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $80.00 target price on shares of Southwest Airlines in a report on Wednesday, November 1st. Finally, Deutsche Bank AG restated a “buy” rating and issued a $71.00 target price on shares of Southwest Airlines in a report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and fifteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $67.00.

Southwest Airlines Company (NYSE LUV) traded up $0.65 on Thursday, hitting $55.28. The stock had a trading volume of 2,475,529 shares, compared to its average volume of 5,224,343. The company has a market capitalization of $32,800.00, a PE ratio of 15.49, a PEG ratio of 1.78 and a beta of 1.31. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. Southwest Airlines Company has a 1-year low of $44.70 and a 1-year high of $64.39.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.01. The business had revenue of $5.27 billion for the quarter, compared to analysts’ expectations of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. Southwest Airlines’s quarterly revenue was up 2.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.93 earnings per share. analysts anticipate that Southwest Airlines Company will post 3.56 earnings per share for the current year.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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

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