Vigilant Capital Management LLC Has $7,921,000 Stake in Southwest Airlines Co. (LUV)
Vigilant Capital Management LLC raised its position in Southwest Airlines Co. (NYSE:LUV) by 5.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,670 shares of the airline’s stock after buying an additional 9,670 shares during the period. Vigilant Capital Management LLC’s holdings in Southwest Airlines were worth $7,921,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Hanson McClain Inc. raised its position in shares of Southwest Airlines by 2.9% in the second quarter. Hanson McClain Inc. now owns 2,653 shares of the airline’s stock worth $104,000 after buying an additional 75 shares during the last quarter. Washington Trust Bank raised its position in shares of Southwest Airlines by 6.9% in the third quarter. Washington Trust Bank now owns 2,704 shares of the airline’s stock worth $105,000 after buying an additional 174 shares during the last quarter. Invictus RG raised its position in shares of Southwest Airlines by 637.0% in the second quarter. Invictus RG now owns 2,771 shares of the airline’s stock worth $109,000 after buying an additional 2,395 shares during the last quarter. 1832 Asset Management L.P. acquired a new position in shares of Southwest Airlines during the second quarter worth about $115,000. Finally, Krilogy Financial LLC raised its position in shares of Southwest Airlines by 45.2% in the second quarter. Krilogy Financial LLC now owns 3,284 shares of the airline’s stock worth $129,000 after buying an additional 1,023 shares during the last quarter. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Shares of Southwest Airlines Co. (NYSE:LUV) traded down 0.89% on Wednesday, hitting $46.82. 4,241,981 shares of the stock were exchanged. Southwest Airlines Co. has a 12 month low of $33.96 and a 12 month high of $51.34. The company has a market cap of $28.82 billion, a PE ratio of 13.31 and a beta of 0.86. The company has a 50-day moving average price of $42.69 and a 200 day moving average price of $40.03.
Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.88 by $0.05. The company earned $5.10 billion during the quarter, compared to analyst estimates of $5.17 billion. Southwest Airlines had a net margin of 11.09% and a return on equity of 32.51%. Southwest Airlines’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period last year, the business earned $0.94 EPS. Equities analysts forecast that Southwest Airlines Co. will post $3.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Investors of record on Thursday, December 8th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, December 6th. This represents a $0.40 annualized dividend and a dividend yield of 0.85%. Southwest Airlines’s payout ratio is 11.40%.
A number of brokerages have issued reports on LUV. Bank of America Corp. set a $50.00 target price on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Saturday, October 1st. Vetr upgraded shares of Southwest Airlines from a “buy” rating to a “strong-buy” rating and set a $43.50 price target on the stock in a research report on Wednesday, September 28th. Imperial Capital started coverage on shares of Southwest Airlines in a research report on Friday, September 9th. They set an “outperform” rating and a $46.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and set a $51.50 price target on the stock in a research report on Thursday, October 27th. Finally, Credit Suisse Group AG set a $48.00 price target on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Monday, September 12th. Six analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Southwest Airlines presently has an average rating of “Buy” and a consensus price target of $50.70.
Southwest Airlines Company Profile
Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.
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