HighPoint Advisor Group LLC maintained its stake in Southwest Airlines Company (NYSE:LUV) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,223 shares of the airline’s stock at the end of the 2nd quarter. HighPoint Advisor Group LLC’s holdings in Southwest Airlines were worth $1,427,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Intellectus Partners LLC grew its stake in shares of Southwest Airlines by 13.6% during the second quarter. Intellectus Partners LLC now owns 8,342 shares of the airline’s stock worth $518,000 after purchasing an additional 1,000 shares during the period. Cypress Capital Group grew its stake in shares of Southwest Airlines by 2.6% during the second quarter. Cypress Capital Group now owns 40,612 shares of the airline’s stock worth $2,524,000 after purchasing an additional 1,011 shares during the period. Nomura Holdings Inc. grew its stake in shares of Southwest Airlines by 2,514.2% during the second quarter. Nomura Holdings Inc. now owns 640,960 shares of the airline’s stock worth $39,828,000 after purchasing an additional 616,442 shares during the period. Stonebridge Capital Advisors LLC grew its stake in shares of Southwest Airlines by 0.6% during the second quarter. Stonebridge Capital Advisors LLC now owns 6,356 shares of the airline’s stock worth $395,000 after purchasing an additional 35 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Southwest Airlines by 7.0% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 169,920 shares of the airline’s stock worth $10,559,000 after purchasing an additional 11,136 shares during the period. 79.42% of the stock is owned by institutional investors and hedge funds.

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In other news, Director William H. Dr Cunningham bought 4,500 shares of Southwest Airlines stock in a transaction dated Friday, August 11th. The stock was bought at an average cost of $54.00 per share, for a total transaction of $243,000.00. Following the purchase, the director now directly owns 66,969 shares in the company, valued at approximately $3,616,326. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.21% of the company’s stock.

A number of brokerages recently commented on LUV. J P Morgan Chase & Co raised Southwest Airlines from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $60.00 to $66.00 in a research note on Friday, September 15th. Cowen and Company reissued a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a research note on Friday, September 1st. Citigroup Inc. reissued a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of Southwest Airlines in a research note on Thursday, September 7th. Argus raised Southwest Airlines from a “hold” rating to a “buy” rating and boosted their target price for the company from $61.76 to $68.00 in a research note on Thursday, June 22nd. Finally, Zacks Investment Research raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $70.00 target price for the company in a research note on Tuesday, July 4th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $66.95.

Shares of Southwest Airlines Company (LUV) traded up 0.640% during mid-day trading on Thursday, hitting $58.925. The stock had a trading volume of 2,129,374 shares. The firm’s 50 day moving average price is $54.50 and its 200 day moving average price is $57.07. Southwest Airlines Company has a 1-year low of $36.91 and a 1-year high of $64.39. The company has a market cap of $35.27 billion, a P/E ratio of 18.070 and a beta of 1.32.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, July 27th. The airline reported $1.24 EPS for the quarter, beating the Thomson Reuters’ 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 return on equity of 26.07% and a net margin of 9.63%. The firm’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same period last year, the business posted $1.19 EPS. Analysts predict that Southwest Airlines Company will post $3.62 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th were paid a $0.125 dividend. The ex-dividend date was Tuesday, August 22nd. This represents a $0.50 annualized dividend and a dividend yield of 0.85%. Southwest Airlines’s dividend payout ratio is presently 15.34%.

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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