WINTON GROUP Ltd decreased its position in shares of Southwest Airlines Company (NYSE:LUV) by 86.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,042 shares of the airline’s stock after selling 108,324 shares during the period. WINTON GROUP Ltd’s holdings in Southwest Airlines were worth $954,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in LUV. BDO Wealth Advisors LLC purchased a new stake in Southwest Airlines during the 2nd quarter worth $102,000. Pittenger & Anderson Inc. increased its stake in Southwest Airlines by 13.5% during the 2nd quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after buying an additional 250 shares during the period. Harfst & Associates Inc. increased its stake in Southwest Airlines by 43.8% during the 2nd quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after buying an additional 732 shares during the period. Motco increased its stake in Southwest Airlines by 178.4% during the 2nd quarter. Motco now owns 2,817 shares of the airline’s stock worth $175,000 after buying an additional 1,805 shares during the period. Finally, Montgomery Investment Management Inc. purchased a new stake in Southwest Airlines during the 2nd quarter worth $205,000. 78.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Southwest Airlines Company (LUV) traded down $0.44 during trading hours on Wednesday, hitting $61.28. 527,402 shares of the company were exchanged, compared to its average volume of 5,246,220. 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 twelve month low of $47.16 and a twelve month high of $64.39. The company has a market cap of $36,807.83, a P/E ratio of 17.88, a PEG ratio of 2.06 and a beta of 1.34.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date is Wednesday, December 6th. Southwest Airlines’s dividend payout ratio is presently 14.37%.
In related news, Director John T. Montford sold 935 shares of the business’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the sale, the director now owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is owned by corporate insiders.
Several equities research analysts have recently weighed in on LUV shares. Citigroup reissued a “buy” rating and issued a $64.00 target price (down previously from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. J P Morgan Chase & Co boosted their target price on shares of Southwest Airlines from $66.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 1st. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, Cowen reissued a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a research report on Friday, September 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $66.89.
Southwest Airlines 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.
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