State of Alaska Department of Revenue Purchased 864 Shares of Southwest Airlines Co (LUV)

State of Alaska Department of Revenue Purchased 864 Shares of Southwest Airlines Co (LUV)

State of Alaska Department of Revenue boosted its stake in Southwest Airlines Co (NYSE:LUV) by 1.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 85,983 shares of the airline’s stock after purchasing an additional 864 shares during the period. State of Alaska Department of Revenue’s holdings in Southwest Airlines were worth $3,994,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of LUV. Envestnet Asset Management Inc. increased its holdings in Southwest Airlines by 63.7% in the second quarter. Envestnet Asset Management Inc. now owns 22,154 shares of the airline’s stock valued at $1,128,000 after purchasing an additional 8,619 shares during the period. Baird Financial Group Inc. boosted its position in Southwest Airlines by 17.0% during the second quarter. Baird Financial Group Inc. now owns 23,397 shares of the airline’s stock valued at $1,190,000 after acquiring an additional 3,407 shares during the last quarter. OppenheimerFunds Inc. boosted its position in Southwest Airlines by 14.9% during the second quarter. OppenheimerFunds Inc. now owns 35,530 shares of the airline’s stock valued at $1,808,000 after acquiring an additional 4,598 shares during the last quarter. BB&T Securities LLC boosted its position in Southwest Airlines by 139.6% during the second quarter. BB&T Securities LLC now owns 14,611 shares of the airline’s stock valued at $743,000 after acquiring an additional 8,514 shares during the last quarter. Finally, Natixis bought a new stake in Southwest Airlines during the second quarter valued at $1,373,000. Institutional investors and hedge funds own 79.43% of the company’s stock.

In other news, Director John T. Montford sold 980 shares of the stock in a transaction dated Wednesday, December 12th. The shares were sold at an average price of $51.27, for a total transaction of $50,244.60. Following the transaction, the director now owns 20,983 shares of the company’s stock, valued at approximately $1,075,798.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John T. Montford sold 956 shares of the stock in a transaction dated Monday, November 19th. The stock was sold at an average price of $52.35, for a total transaction of $50,046.60. The disclosure for this sale can be found here. 0.23% of the stock is owned by corporate insiders.

A number of brokerages have commented on LUV. Goldman Sachs Group began coverage on shares of Southwest Airlines in a research report on Monday, November 12th. They set a “neutral” rating and a $61.00 price target on the stock. Imperial Capital cut their price target on shares of Southwest Airlines from $66.00 to $56.00 and set an “in-line” rating on the stock in a research report on Friday, October 26th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday, December 7th. ValuEngine raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Monday, September 17th. Finally, Morgan Stanley cut their price target on shares of Southwest Airlines from $68.00 to $64.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and fourteen have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $61.56.

LUV stock opened at $48.52 on Monday. The stock has a market cap of $27.60 billion, a PE ratio of 13.86, a P/E/G ratio of 0.92 and a beta of 1.31. The company has a current ratio of 0.71, a quick ratio of 0.65 and a debt-to-equity ratio of 0.47. Southwest Airlines Co has a 1 year low of $44.28 and a 1 year high of $66.52.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, October 25th. The airline reported $1.08 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.06 by $0.02. The company had revenue of $5.58 billion for the quarter, compared to analysts’ expectations of $5.56 billion. Southwest Airlines had a net margin of 17.18% and a return on equity of 22.27%. During the same quarter in the prior year, the firm earned $0.88 EPS. As a group, sell-side analysts expect that Southwest Airlines Co will post 4.13 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Stockholders of record on Wednesday, December 5th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Tuesday, December 4th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.32%. Southwest Airlines’s dividend payout ratio (DPR) is presently 18.29%.

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, 2017, the company operated a total of 706 Boeing 737 aircraft; and served 100 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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