Southwest Airlines Company (LUV) Shares Sold by Epoch Investment Partners Inc.
Epoch Investment Partners Inc. cut its stake in Southwest Airlines Company (NYSE:LUV) by 0.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 112,069 shares of the airline’s stock after selling 150 shares during the period. Epoch Investment Partners Inc.’s holdings in Southwest Airlines were worth $6,964,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. BDO Wealth Advisors LLC bought a new position in shares of Southwest Airlines in the second quarter worth about $102,000. Guardian Life Insurance Co. of America raised its stake in shares of Southwest Airlines by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock worth $128,000 after acquiring an additional 15 shares during the last quarter. Pittenger & Anderson Inc. raised its stake in shares of Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock worth $130,000 after acquiring an additional 250 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Southwest Airlines by 6.6% in the first quarter. Van ECK Associates Corp now owns 2,502 shares of the airline’s stock worth $135,000 after acquiring an additional 154 shares during the last quarter. Finally, National Pension Service bought a new position in shares of Southwest Airlines in the second quarter worth about $141,000. 79.42% of the stock is owned by institutional investors.
A number of equities research analysts recently weighed in on LUV shares. Macquarie started coverage on shares of Southwest Airlines in a research note on Monday. They set an “outperform” rating and a $62.00 price target for the company. Vetr downgraded shares of Southwest Airlines from a “strong-buy” rating to a “buy” rating and set a $59.16 price target for the company. in a research note on Friday, September 22nd. Zacks Investment Research downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Raymond James Financial, Inc. raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating and set a $65.00 price target for the company in a research note on Wednesday, September 20th. Finally, J P Morgan Chase & Co raised shares of Southwest Airlines from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $60.00 to $66.00 in a research note on Friday, September 15th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and fifteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $66.95.
In related news, Director William H. Dr Cunningham acquired 4,500 shares of Southwest Airlines stock in a transaction dated Friday, August 11th. The stock was bought at an average price of $54.00 per share, with a total value of $243,000.00. Following the transaction, the director now directly owns 66,969 shares in the company, valued at approximately $3,616,326. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.21% of the company’s stock.
Southwest Airlines Company (NYSE LUV) opened at 56.12 on Thursday. The firm has a market cap of $33.59 billion, a PE ratio of 17.21 and a beta of 1.29. Southwest Airlines Company has a one year low of $36.61 and a one year high of $64.39. The company’s 50-day moving average is $53.62 and its 200-day moving average is $56.82.
Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, topping the consensus estimate of $1.20 by $0.04. The company had revenue of $5.74 billion during the quarter, compared to the consensus estimate of $5.73 billion. Southwest Airlines had a net margin of 9.63% and a return on equity of 26.07%. The company’s quarterly revenue was up 6.7% on a year-over-year basis. During the same quarter last year, the firm posted $1.19 EPS. On average, analysts forecast that Southwest Airlines Company will post $3.68 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.89%. The ex-dividend date was Tuesday, August 22nd. Southwest Airlines’s dividend payout ratio (DPR) is 15.34%.
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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