Cypress Asset Management Inc. TX Acquires 1,050 Shares of Southwest Airlines Company (LUV)
Cypress Asset Management Inc. TX lifted its holdings in Southwest Airlines Company (NYSE:LUV) by 15.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,000 shares of the airline’s stock after acquiring an additional 1,050 shares during the period. Cypress Asset Management Inc. TX’s holdings in Southwest Airlines were worth $448,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in LUV. Boston Partners increased its position in shares of Southwest Airlines by 101.7% in the third quarter. Boston Partners now owns 4,980,739 shares of the airline’s stock worth $278,822,000 after acquiring an additional 2,511,258 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of Southwest Airlines by 35.6% in the second quarter. Thrivent Financial For Lutherans now owns 4,150,288 shares of the airline’s stock worth $257,901,000 after acquiring an additional 1,090,189 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Southwest Airlines by 13.1% in the second quarter. Ameriprise Financial Inc. now owns 8,836,067 shares of the airline’s stock worth $549,016,000 after acquiring an additional 1,026,892 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of Southwest Airlines by 65.4% in the second quarter. Wells Fargo & Company MN now owns 2,555,887 shares of the airline’s stock worth $158,823,000 after acquiring an additional 1,010,966 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Southwest Airlines by 104.3% in the third quarter. Russell Investments Group Ltd. now owns 1,754,760 shares of the airline’s stock worth $98,219,000 after acquiring an additional 895,770 shares in the last quarter. 79.78% of the stock is owned by institutional investors.
Southwest Airlines Company (NYSE LUV) traded down $0.30 during midday trading on Monday, reaching $54.41. 1,076,221 shares of the company’s stock were exchanged, compared to its average volume of 5,211,814. Southwest Airlines Company has a 12-month low of $44.70 and a 12-month high of $64.39. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. The company has a market cap of $32,464.23, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 1.81 and a beta of 1.31.
Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.01. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. The company had revenue of $5.27 billion for the quarter, compared to the consensus estimate of $5.29 billion. During the same period last year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 2.6% on a year-over-year basis. research analysts predict that Southwest Airlines Company will post 3.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 4th. Stockholders of record on Thursday, December 7th will be given a $0.125 dividend. The ex-dividend date of this dividend is Wednesday, December 6th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.92%. Southwest Airlines’s payout ratio is currently 14.37%.
In other news, Director John T. Montford sold 935 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total value of $50,433.90. Following the transaction, the director now directly owns 25,000 shares in the company, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.21% of the company’s stock.
Several equities research analysts have recently issued reports on LUV shares. Deutsche Bank AG reissued a “buy” rating and issued a $71.00 price objective on shares of Southwest Airlines in a research report on Friday, October 27th. Cowen and Company reissued a “buy” rating and issued a $67.00 price objective on shares of Southwest Airlines in a research report on Friday, July 28th. BidaskClub lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Sunday, July 30th. Morgan Stanley reissued an “overweight” rating on shares of Southwest Airlines in a research report on Tuesday, September 12th. Finally, J P Morgan Chase & Co raised their price target on shares of Southwest Airlines from $66.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, November 1st. One investment 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 has an average rating of “Buy” and a consensus price target of $67.00.
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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