Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Southwest Airlines Co (NYSE:LUV) by 5.4% during the first quarter, HoldingsChannel reports. The firm owned 2,272,644 shares of the airline’s stock after purchasing an additional 115,775 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Southwest Airlines were worth $130,177,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Buckingham Asset Management LLC lifted its position in shares of Southwest Airlines by 14.5% in the fourth quarter. Buckingham Asset Management LLC now owns 7,004 shares of the airline’s stock worth $458,000 after purchasing an additional 886 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Southwest Airlines by 13.0% in the fourth quarter. D.A. Davidson & CO. now owns 7,890 shares of the airline’s stock worth $516,000 after purchasing an additional 905 shares in the last quarter. Cornerstone Advisors Inc. lifted its position in shares of Southwest Airlines by 25.8% in the first quarter. Cornerstone Advisors Inc. now owns 5,073 shares of the airline’s stock worth $291,000 after purchasing an additional 1,040 shares in the last quarter. First Allied Advisory Services Inc. lifted its position in shares of Southwest Airlines by 4.2% in the fourth quarter. First Allied Advisory Services Inc. now owns 26,246 shares of the airline’s stock worth $1,718,000 after purchasing an additional 1,047 shares in the last quarter. Finally, Sfmg LLC lifted its position in shares of Southwest Airlines by 17.7% in the first quarter. Sfmg LLC now owns 7,193 shares of the airline’s stock worth $412,000 after purchasing an additional 1,084 shares in the last quarter. 79.53% of the stock is currently owned by institutional investors and hedge funds.
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Several research firms have issued reports on LUV. Stephens reaffirmed a “buy” rating and set a $75.00 price target on shares of Southwest Airlines in a research report on Thursday, March 29th. Buckingham Research dropped their price target on shares of Southwest Airlines from $70.00 to $68.00 and set a “buy” rating on the stock in a research report on Monday, May 14th. Argus lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating and dropped their price target for the stock from $66.99 to $49.76 in a research report on Friday. ValuEngine lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Monday, May 7th. Finally, Zacks Investment Research lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Tuesday, March 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $67.04.
Southwest Airlines opened at $52.37 on Tuesday, Marketbeat reports. Southwest Airlines Co has a one year low of $49.76 and a one year high of $66.99. The firm has a market capitalization of $30.25 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 0.95 and a beta of 1.14. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.61 and a current ratio of 0.67.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, April 26th. The airline reported $0.75 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.01. Southwest Airlines had a net margin of 16.95% and a return on equity of 23.25%. The firm had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $5 billion. During the same period in the previous year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. analysts predict that Southwest Airlines Co will post 4.34 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 27th. Shareholders of record on Wednesday, June 6th will be issued a $0.16 dividend. This is an increase from Southwest Airlines’s previous quarterly dividend of $0.13. This represents a $0.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Tuesday, June 5th. Southwest Airlines’s payout ratio is currently 18.29%.
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, 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, Turks, and Chaos.
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