65,181 Shares in Southwest Airlines Co (NYSE:LUV) Acquired by Stevens Capital Management LP

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Stevens Capital Management LP purchased a new position in shares of Southwest Airlines Co (NYSE:LUV) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 65,181 shares of the airline’s stock, valued at approximately $3,310,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ballentine Partners LLC boosted its position in Southwest Airlines by 4.3% in the first quarter. Ballentine Partners LLC now owns 4,802 shares of the airline’s stock valued at $250,000 after buying an additional 199 shares in the last quarter. Haverford Financial Services Inc. boosted its position in Southwest Airlines by 1.2% in the first quarter. Haverford Financial Services Inc. now owns 16,400 shares of the airline’s stock valued at $851,000 after buying an additional 200 shares in the last quarter. Raymond James Trust N.A. boosted its position in Southwest Airlines by 2.1% in the first quarter. Raymond James Trust N.A. now owns 10,238 shares of the airline’s stock valued at $532,000 after buying an additional 209 shares in the last quarter. FDx Advisors Inc. boosted its position in Southwest Airlines by 4.6% in the second quarter. FDx Advisors Inc. now owns 4,905 shares of the airline’s stock valued at $249,000 after buying an additional 216 shares in the last quarter. Finally, Piedmont Investment Advisors Inc. boosted its position in Southwest Airlines by 0.6% in the first quarter. Piedmont Investment Advisors Inc. now owns 34,286 shares of the airline’s stock valued at $1,780,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

NYSE LUV traded down $0.10 during mid-day trading on Thursday, reaching $48.66. 290,364 shares of the stock were exchanged, compared to its average volume of 4,020,581. Southwest Airlines Co has a one year low of $44.28 and a one year high of $64.02. The company has a 50 day moving average of $51.70. The stock has a market cap of $26.90 billion, a PE ratio of 11.48, a P/E/G ratio of 1.08 and a beta of 1.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.59 and a current ratio of 0.64.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.02. Southwest Airlines had a net margin of 10.73% and a return on equity of 24.12%. The business had revenue of $5.91 billion during the quarter, compared to the consensus estimate of $5.94 billion. During the same quarter last year, the firm earned $1.26 earnings per share. Southwest Airlines’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts expect that Southwest Airlines Co will post 4.35 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Tuesday, August 20th. Southwest Airlines’s dividend payout ratio (DPR) is currently 16.98%.

A number of brokerages have recently commented on LUV. Zacks Investment Research lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Thursday, May 16th. Argus lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday. Morgan Stanley cut their price target on shares of Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating on the stock in a report on Wednesday. Barclays cut their price target on shares of Southwest Airlines from $65.00 to $60.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. Finally, Imperial Capital reiterated an “in-line” rating and set a $55.00 price target (up previously from $52.00) on shares of Southwest Airlines in a report on Friday, April 26th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $57.16.

About Southwest Airlines

Southwest Airlines Co operates a passenger airline that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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