Natixis Advisors L.P. boosted its position in Southwest Airlines Co (NYSE:LUV) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,011 shares of the airline’s stock after buying an additional 15,043 shares during the period. Natixis Advisors L.P.’s holdings in Southwest Airlines were worth $7,160,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also modified their holdings of the stock. Westside Investment Management Inc. acquired a new stake in shares of Southwest Airlines in the second quarter worth $60,000. Clear Perspective Advisors LLC purchased a new stake in Southwest Airlines in the second quarter valued at $60,000. NEXT Financial Group Inc boosted its holdings in Southwest Airlines by 1,073.5% in the second quarter. NEXT Financial Group Inc now owns 1,197 shares of the airline’s stock valued at $61,000 after purchasing an additional 1,095 shares during the last quarter. Executive Wealth Management LLC boosted its holdings in Southwest Airlines by 19.8% in the second quarter. Executive Wealth Management LLC now owns 1,233 shares of the airline’s stock valued at $63,000 after purchasing an additional 204 shares during the last quarter. Finally, Carroll Financial Associates Inc. grew its position in Southwest Airlines by 26.3% during the 2nd quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the airline’s stock worth $77,000 after purchasing an additional 319 shares during the period. Institutional investors own 82.10% of the company’s stock.
A number of equities analysts have weighed in on LUV shares. Wolfe Research upgraded Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research note on Friday, August 16th. Berenberg Bank started coverage on Southwest Airlines in a research note on Friday, September 6th. They issued a “hold” rating and a $57.00 target price on the stock. Cowen reaffirmed a “market perform” rating and set a $57.00 target price (up from $55.00) on shares of Southwest Airlines in a report on Friday, July 26th. Morgan Stanley reduced their price target on Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Finally, Zacks Investment Research cut Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $56.08.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The company had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter in the prior year, the business posted $1.26 earnings per share. Southwest Airlines’s revenue for the quarter was up 2.9% on a year-over-year basis. As a group, analysts forecast that Southwest Airlines Co will post 4.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Stockholders of record on Wednesday, August 21st will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.32%. The ex-dividend date of this dividend is Tuesday, August 20th. Southwest Airlines’s payout ratio is 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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