Stifel Financial Corp raised its stake in Southwest Airlines Company (NYSE:LUV) by 168.1% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 415,121 shares of the airline’s stock after buying an additional 260,262 shares during the quarter. Stifel Financial Corp owned 0.07% of Southwest Airlines worth $23,243,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in LUV. BDO Wealth Advisors LLC acquired a new position in Southwest Airlines in the 2nd quarter valued at approximately $102,000. Pittenger & Anderson Inc. increased its stake in Southwest Airlines by 13.5% in the 2nd 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. Grove Bank & Trust increased its stake in Southwest Airlines by 365.0% in the 3rd quarter. Grove Bank & Trust now owns 2,395 shares of the airline’s stock valued at $134,000 after buying an additional 1,880 shares during the period. Harfst & Associates Inc. grew its position in Southwest Airlines by 43.8% in the second quarter. Harfst & Associates Inc. now owns 2,402 shares of the airline’s stock worth $149,000 after acquiring an additional 732 shares in the last quarter. Finally, Motco grew its position in Southwest Airlines by 178.4% in the second quarter. Motco now owns 2,817 shares of the airline’s stock worth $175,000 after acquiring an additional 1,805 shares in the last quarter. Hedge funds and other institutional investors own 78.87% of the company’s stock.

Southwest Airlines Company (NYSE:LUV) traded down $0.44 during midday trading on Wednesday, hitting $61.28. 527,402 shares of the company traded hands, compared to its average volume of 5,246,220. The company has a current ratio of 0.61, a quick ratio of 0.55 and a debt-to-equity ratio of 0.46. The company has a market cap of $36,807.83, a P/E ratio of 17.88, a P/E/G ratio of 2.06 and a beta of 1.34. Southwest Airlines Company has a fifty-two week low of $47.16 and a fifty-two week high of $64.39.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.01. The business had revenue of $5.27 billion during the quarter, compared to the consensus estimate of $5.29 billion. Southwest Airlines had a net margin of 10.12% and a return on equity of 24.85%. Southwest Airlines’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.93 EPS. sell-side analysts anticipate that Southwest Airlines Company will post 3.56 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, December 6th. Southwest Airlines’s dividend payout ratio is currently 14.37%.

LUV has been the subject of several recent research reports. Morgan Stanley set a $64.00 target price on shares of Southwest Airlines and gave the stock a “buy” rating in a research report on Thursday, August 17th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, August 18th. Cowen reissued a “buy” rating and issued a $67.00 target price on shares of Southwest Airlines in a research report on Friday, September 1st. Citigroup reissued a “buy” rating and issued a $64.00 target price (down from $65.00) on shares of Southwest Airlines in a research report on Thursday, September 7th. Finally, Barclays reissued a “hold” rating and issued a $61.00 target price on shares of Southwest Airlines in a research report on Thursday, September 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $66.89.

In related news, Director John T. Montford sold 935 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $53.94, for a total transaction of $50,433.90. Following the completion of the sale, the director now directly owns 25,000 shares of the company’s stock, valued at approximately $1,348,500. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.21% of the stock is currently owned by corporate insiders.

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About Southwest Airlines

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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