Oxbow Advisors LLC Sells 815 Shares of Southwest Airlines Co (NYSE:LUV)

Share on StockTwits

Oxbow Advisors LLC lowered its position in Southwest Airlines Co (NYSE:LUV) by 1.9% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 42,578 shares of the airline’s stock after selling 815 shares during the quarter. Oxbow Advisors LLC’s holdings in Southwest Airlines were worth $2,162,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Destination Wealth Management grew its holdings in Southwest Airlines by 107.9% during the 1st quarter. Destination Wealth Management now owns 634 shares of the airline’s stock valued at $33,000 after buying an additional 329 shares in the last quarter. Westside Investment Management Inc. purchased a new position in shares of Southwest Airlines during the second quarter worth about $60,000. NEXT Financial Group Inc grew its holdings in shares of Southwest Airlines by 1,073.5% during the second quarter. NEXT Financial Group Inc now owns 1,197 shares of the airline’s stock worth $61,000 after purchasing an additional 1,095 shares in the last quarter. Executive Wealth Management LLC grew its holdings in shares of Southwest Airlines by 19.8% during the second quarter. Executive Wealth Management LLC now owns 1,233 shares of the airline’s stock worth $63,000 after purchasing an additional 204 shares in the last quarter. Finally, Carroll Financial Associates Inc. grew its holdings in shares of Southwest Airlines by 26.3% during the second quarter. Carroll Financial Associates Inc. now owns 1,534 shares of the airline’s stock worth $77,000 after purchasing an additional 319 shares in the last quarter. 82.64% of the stock is owned by institutional investors.

Shares of NYSE:LUV traded down $0.02 during midday trading on Tuesday, reaching $50.68. 1,419,919 shares of the company’s stock traded hands, compared to its average volume of 3,426,404. The company has a market cap of $27.18 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.11 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 Co has a one year low of $44.28 and a one year high of $64.02. The stock has a 50 day moving average of $51.44 and a 200 day moving average of $52.14.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.02. Southwest Airlines had a return on equity of 24.12% and a net margin of 10.73%. The firm had revenue of $5.91 billion for the quarter, compared to the consensus estimate of $5.94 billion. During the same period in the prior year, the company posted $1.26 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. Sell-side analysts predict that Southwest Airlines Co will post 4.29 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 11th. Shareholders of record on Wednesday, August 21st will be issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date is Tuesday, August 20th. Southwest Airlines’s dividend payout ratio is 16.98%.

LUV has been the subject of a number of recent research reports. Argus downgraded Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, August 13th. Wolfe Research upgraded Southwest Airlines from a “peer perform” rating to an “outperform” rating and set a $57.00 price objective for the company in a research report on Friday, August 16th. Morgan Stanley lowered their price objective on Southwest Airlines from $64.00 to $59.00 and set an “overweight” rating for the company in a research report on Wednesday, August 14th. Cowen reiterated a “market perform” rating and issued a $57.00 price objective (up previously from $55.00) on shares of Southwest Airlines in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company’s stock. Southwest Airlines currently has an average rating of “Hold” and a consensus price target of $57.15.

Southwest Airlines Profile

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.

Recommended Story: What are popular green investing opportunities?

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.