Kopp Investment Advisors LLC lowered its position in Southwest Airlines Co (NYSE:LUV) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,923 shares of the airline’s stock after selling 857 shares during the quarter. Kopp Investment Advisors LLC’s holdings in Southwest Airlines were worth $833,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of the company. Acadian Asset Management LLC bought a new position in Southwest Airlines in the 4th quarter worth about $33,000. Cordasco Financial Network bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $37,000. Intercontinental Wealth Advisors LLC bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $44,000. Athena Capital Advisors LLC bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $45,000. Finally, Colrain Capital LLC bought a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $46,000. Institutional investors and hedge funds own 79.77% of the company’s stock.
Several research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $57.00 price objective for the company in a report on Wednesday, January 23rd. Imperial Capital reiterated an “in-line” rating and issued a $60.00 price objective (up from $52.00) on shares of Southwest Airlines in a report on Friday, January 25th. Macquarie set a $65.00 price objective on shares of Southwest Airlines and gave the company a “buy” rating in a report on Tuesday, January 29th. Wolfe Research cut shares of Southwest Airlines from an “outperform” rating to a “peer perform” rating in a report on Friday, March 8th. Finally, Credit Suisse Group reiterated a “hold” rating and issued a $56.00 price objective (down from $60.00) on shares of Southwest Airlines in a report on Thursday, February 21st. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $61.76.
Southwest Airlines (NYSE:LUV) last issued its earnings results on Thursday, January 24th. The airline reported $1.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.11. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.68 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the firm posted $0.77 earnings per share. As a group, sell-side analysts anticipate that Southwest Airlines Co will post 5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s payout ratio is 15.09%.
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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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