Numeric Investors LLC increased its holdings in shares of Southwest Airlines Company (NYSE:LUV) by 297.9% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 487,800 shares of the airline’s stock after purchasing an additional 365,200 shares during the period. Numeric Investors LLC owned 0.08% of Southwest Airlines worth $30,312,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Guardian Life Insurance Co. of America boosted its stake in shares of Southwest Airlines by 0.6% during the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after purchasing an additional 15 shares in the last quarter. Bank of Hawaii boosted its stake in shares of Southwest Airlines by 0.3% during the first quarter. Bank of Hawaii now owns 12,867 shares of the airline’s stock valued at $692,000 after purchasing an additional 35 shares in the last quarter. First Heartland Consultants Inc. boosted its stake in shares of Southwest Airlines by 0.3% during the first quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock valued at $876,000 after purchasing an additional 43 shares in the last quarter. Harwood Advisory Group LLC boosted its stake in shares of Southwest Airlines by 0.9% during the second quarter. Harwood Advisory Group LLC now owns 5,607 shares of the airline’s stock valued at $348,000 after purchasing an additional 51 shares in the last quarter. Finally, Alps Advisors Inc. boosted its stake in shares of Southwest Airlines by 0.6% during the second quarter. Alps Advisors Inc. now owns 10,049 shares of the airline’s stock valued at $624,000 after purchasing an additional 62 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.

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A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a research report on Tuesday, June 13th. BidaskClub cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $63.80 target price for the company in a research report on Monday, June 5th. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and increased their target price for the company from $61.76 to $68.00 in a research report on Thursday, June 22nd. Finally, Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and fifteen have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $66.95.

Southwest Airlines Company (LUV) traded up 0.91% during trading on Thursday, hitting $56.39. 767,004 shares of the stock traded hands. The stock has a market cap of $33.75 billion, a P/E ratio of 17.29 and a beta of 1.29. The company’s 50 day moving average price is $53.62 and its 200-day moving average price is $56.82. Southwest Airlines Company has a 52-week low of $36.61 and a 52-week high of $64.39.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, beating the Zacks’ consensus estimate of $1.20 by $0.04. The firm had revenue of $5.74 billion for the quarter, compared to analysts’ expectations of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.19 EPS. Equities research analysts forecast that Southwest Airlines Company will post $3.68 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Thursday, August 24th were paid a $0.125 dividend. The ex-dividend date of this dividend was Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a yield of 0.89%. Southwest Airlines’s payout ratio is 15.34%.

In other Southwest Airlines news, Director William H. Dr Cunningham acquired 4,500 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were purchased at an average cost of $54.00 per share, with a total value of $243,000.00. Following the purchase, the director now owns 66,969 shares in the company, valued at $3,616,326. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.21% of the stock is currently owned by corporate insiders.

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

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