QS Investors LLC Lowers Holdings in Southwest Airlines Co (LUV)

QS Investors LLC lowered its holdings in shares of Southwest Airlines Co (NYSE:LUV) by 29.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,592 shares of the airline’s stock after selling 73,029 shares during the quarter. QS Investors LLC’s holdings in Southwest Airlines were worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA lifted its holdings in shares of Southwest Airlines by 0.3% in the 3rd quarter. Primecap Management Co. CA now owns 73,955,888 shares of the airline’s stock worth $4,618,545,000 after acquiring an additional 241,557 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Southwest Airlines by 8.5% in the 4th quarter. BlackRock Inc. now owns 28,978,210 shares of the airline’s stock worth $1,346,907,000 after acquiring an additional 2,282,027 shares during the last quarter. FMR LLC lifted its holdings in shares of Southwest Airlines by 11.8% in the 3rd quarter. FMR LLC now owns 12,725,686 shares of the airline’s stock worth $794,719,000 after acquiring an additional 1,343,228 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in shares of Southwest Airlines by 3,711.1% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 7,546,074 shares of the airline’s stock worth $162,000 after acquiring an additional 7,348,070 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Southwest Airlines by 13.7% in the 4th quarter. Geode Capital Management LLC now owns 6,706,799 shares of the airline’s stock worth $311,306,000 after acquiring an additional 809,418 shares during the last quarter. Institutional investors and hedge funds own 79.84% of the company’s stock.

NYSE LUV opened at $51.38 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.58 and a debt-to-equity ratio of 0.45. The stock has a market cap of $27.97 billion, a price-to-earnings ratio of 12.12, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. Southwest Airlines Co has a one year low of $44.28 and a one year high of $64.02.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 24th. The airline reported $1.17 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.11. The business had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.68 billion. Southwest Airlines had a net margin of 11.22% and a return on equity of 24.56%. The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.77 EPS. On average, equities research analysts expect that Southwest Airlines Co will post 5.12 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th will be given 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 dividend payout ratio (DPR) is 15.09%.

Several equities research analysts have recently issued reports on LUV shares. Goldman Sachs Group lowered shares of Southwest Airlines from a “neutral” rating to a “sell” rating and lowered their target price for the stock from $66.00 to $54.00 in a report on Wednesday, February 20th. Cowen downgraded shares of Southwest Airlines from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $65.00 to $54.00 in a research note on Thursday, January 10th. Imperial Capital reaffirmed an “in-line” rating and issued a $62.00 price target (up previously from $56.00) on shares of Southwest Airlines in a research note on Tuesday, December 4th. ValuEngine downgraded shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Monday. Finally, Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research note on Friday, December 7th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. Southwest Airlines has an average rating of “Hold” and an average price target of $61.76.

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

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