First Washington CORP Has $3.78 Million Holdings in Southwest Airlines Company (LUV)
First Washington CORP decreased its stake in Southwest Airlines Company (NYSE:LUV) by 2.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 67,510 shares of the airline’s stock after selling 1,460 shares during the quarter. Southwest Airlines accounts for about 1.9% of First Washington CORP’s portfolio, making the stock its 22nd largest position. First Washington CORP’s holdings in Southwest Airlines were worth $3,779,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. BDO Wealth Advisors LLC acquired a new position in Southwest Airlines in the second quarter valued at about $102,000. Pittenger & Anderson Inc. lifted its stake in Southwest Airlines by 13.5% in the second quarter. Pittenger & Anderson Inc. now owns 2,100 shares of the airline’s stock valued at $130,000 after buying an additional 250 shares during the period. National Pension Service acquired a new position in Southwest Airlines in the second quarter valued at about $141,000. Harfst & Associates Inc. lifted its stake in Southwest Airlines by 43.8% in the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock valued at $149,000 after buying an additional 732 shares during the period. Finally, Farmers & Merchants Investments Inc. lifted its stake in Southwest Airlines by 2.9% in the second quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline’s stock valued at $164,000 after buying an additional 75 shares during the period. 80.15% of the stock is currently owned by hedge funds and other institutional investors.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total value of $50,433.90. Following the completion of the transaction, the director now directly owns 25,000 shares in the company, valued at $1,348,500. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.21% of the stock is owned by company insiders.
A number of equities research analysts have recently commented on LUV shares. Zacks Investment Research raised Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Thursday, November 9th. Vetr raised Southwest Airlines from a “sell” rating to a “buy” rating and set a $55.93 price target on the stock in a research report on Monday. Wolfe Research raised Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a $80.00 price target on shares of Southwest Airlines in a research report on Wednesday, November 1st. Finally, Barclays PLC reaffirmed a “hold” rating and set a $61.00 price target on shares of Southwest Airlines in a research report on Thursday, September 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $67.00.
Southwest Airlines Company (LUV) traded up $0.50 during mid-day trading on Wednesday, reaching $53.75. The company’s stock had a trading volume of 3,061,300 shares, compared to its average volume of 5,225,837. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.55 and a current ratio of 0.61. The company has a market capitalization of $32,100.00, a P/E ratio of 15.35, a price-to-earnings-growth ratio of 1.77 and a beta of 1.31. Southwest Airlines Company has a 12-month low of $44.70 and a 12-month high of $64.39.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.01. The firm had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a return on equity of 24.85% and a net margin of 10.12%. The business’s revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.93 earnings per share. equities analysts forecast that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
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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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