DekaBank Deutsche Girozentrale Sells 169,488 Shares of Southwest Airlines Co. (NYSE:LUV)

DekaBank Deutsche Girozentrale decreased its holdings in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) by 62.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 101,838 shares of the airline’s stock after selling 169,488 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Southwest Airlines were worth $3,195,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Samalin Investment Counsel LLC increased its position in shares of Southwest Airlines by 247.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock valued at $32,000 after buying an additional 500 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Southwest Airlines by 132.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 717 shares of the airline’s stock valued at $26,000 after buying an additional 409 shares in the last quarter. Bogart Wealth LLC increased its position in shares of Southwest Airlines by 544.4% in the 2nd quarter. Bogart Wealth LLC now owns 870 shares of the airline’s stock valued at $31,000 after buying an additional 735 shares in the last quarter. Sugarloaf Wealth Management LLC bought a new stake in shares of Southwest Airlines in the 3rd quarter valued at $28,000. Finally, CoreCap Advisors LLC bought a new stake in shares of Southwest Airlines in the 2nd quarter valued at $34,000. Institutional investors own 74.71% of the company’s stock.

Southwest Airlines Trading Up 1.7 %

Southwest Airlines stock opened at $37.06 on Monday. The firm has a 50-day moving average of $36.92 and a 200-day moving average of $36.65. Southwest Airlines Co. has a one year low of $30.20 and a one year high of $50.10. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.58 and a quick ratio of 1.50. The company has a market cap of $22.00 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 1.98 and a beta of 1.10.

Southwest Airlines (NYSE:LUVGet Rating) last issued its earnings results on Thursday, October 27th. The airline reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The company had revenue of $6.20 billion for the quarter, compared to analysts’ expectations of $6.22 billion. Southwest Airlines had a net margin of 3.64% and a return on equity of 9.66%. Southwest Airlines’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) EPS. On average, equities analysts expect that Southwest Airlines Co. will post 1.45 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 31st. Stockholders of record on Tuesday, January 10th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Monday, January 9th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. Southwest Airlines’s payout ratio is 56.25%.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Susquehanna cut shares of Southwest Airlines from a “positive” rating to a “neutral” rating and set a $40.00 price objective for the company. in a research report on Wednesday, January 11th. Susquehanna Bancshares reduced their target price on shares of Southwest Airlines from $45.00 to $40.00 in a research note on Tuesday, October 11th. The Goldman Sachs Group began coverage on shares of Southwest Airlines in a research note on Friday, December 16th. They issued a “neutral” rating and a $41.00 target price for the company. Bank of America reduced their target price on shares of Southwest Airlines from $50.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, October 6th. Finally, Raymond James reduced their target price on shares of Southwest Airlines from $48.00 to $45.00 and set a “strong-buy” rating for the company in a research note on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.50.

Insider Activity

In other news, Director John T. Montford sold 2,250 shares of the company’s stock in a transaction dated Thursday, November 10th. The shares were sold at an average price of $38.87, for a total value of $87,457.50. Following the sale, the director now directly owns 21,046 shares of the company’s stock, valued at approximately $818,058.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.32% of the stock is owned by insiders.

Southwest Airlines Company Profile

(Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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.

Featured Articles

Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co. (NYSE:LUVGet Rating).

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.