Amica Mutual Insurance Co. decreased its position in shares of Southwest Airlines Co (NYSE:LUV) by 17.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 47,666 shares of the airline’s stock after selling 9,895 shares during the quarter. Amica Mutual Insurance Co.’s holdings in Southwest Airlines were worth $3,120,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. BB&T Investment Services Inc. lifted its holdings in Southwest Airlines by 325.5% in the third quarter. BB&T Investment Services Inc. now owns 1,583 shares of the airline’s stock worth $110,000 after purchasing an additional 1,211 shares during the period. Cerebellum GP LLC acquired a new stake in Southwest Airlines in the fourth quarter worth about $127,000. Grove Bank & Trust lifted its holdings in Southwest Airlines by 365.0% in the third quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock worth $134,000 after purchasing an additional 1,880 shares during the period. SeaCrest Wealth Management LLC acquired a new stake in Southwest Airlines in the fourth quarter worth about $136,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in Southwest Airlines by 580.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,607 shares of the airline’s stock worth $170,000 after purchasing an additional 2,224 shares during the period. 78.97% of the stock is owned by institutional investors.
Shares of Southwest Airlines Co (LUV) opened at $57.73 on Wednesday. Southwest Airlines Co has a 1-year low of $49.76 and a 1-year high of $66.99. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.70 and a quick ratio of 0.64. The firm has a market cap of $33,940.00, a PE ratio of 16.73, a price-to-earnings-growth ratio of 1.04 and a beta of 1.17.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 28th. Shareholders of record on Wednesday, March 7th will be issued a dividend of $0.125 per share. The ex-dividend date of this dividend is Tuesday, March 6th. This represents a $0.50 annualized dividend and a yield of 0.87%. Southwest Airlines’s payout ratio is presently 14.49%.
LUV has been the subject of several research analyst reports. Zacks Investment Research raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Deutsche Bank reaffirmed a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a report on Friday, October 27th. Stifel Nicolaus reissued a “buy” rating and issued a $85.00 price target (up from $80.00) on shares of Southwest Airlines in a report on Wednesday, January 10th. Vetr raised shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $65.81 price target for the company in a report on Monday, January 1st. Finally, JPMorgan Chase & Co. downgraded shares of Southwest Airlines from an “overweight” rating to a “neutral” rating and set a $70.00 price target for the company. in a report on Tuesday, January 30th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $67.97.
In other Southwest Airlines news, Director John T. Montford sold 1,695 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $63.27, for a total transaction of $107,242.65. Following the sale, the director now owns 23,098 shares in the company, valued at approximately $1,461,410.46. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Robert E. Jordan sold 32,931 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $64.38, for a total value of $2,120,097.78. Following the sale, the executive vice president now owns 76,993 shares in the company, valued at approximately $4,956,809.34. The disclosure for this sale can be found here. 0.21% of the stock is currently owned by insiders.
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About Southwest Airlines
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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