BB&T Investment Services Inc. now owns 1,583 shares of the airline's stock worth $110,000 after buying an additional 1,211 shares during the last quarter. Wright Investors Service Inc.'s holdings in Southwest Airlines were worth $1,828,000 as of its most recent filing with the Securities and Exchange Commission. Stonebridge Capital Advisors LLC lifted its holdings in shares of Southwest Airlines by 0.6% in the 2nd quarter. Grove Bank & Trust now owns 2,395 shares of the airline's stock worth $134,000 after purchasing an additional 1,880 shares during the period. Its position was valued at $43,228,000 an increase of $4,602,000 as of quarter end. First Heartland Consultants Inc. lifted its stake in shares of Southwest Airlines by 0.3% during the 1st quarter. Farmers & Merchants Investments Inc. now owns 2,632 shares of the airline's stock valued at $164,000 after acquiring an additional 75 shares during the period.
Appaloosa Lp bought 150,598 shares during the last quarter increasing its stake in Southwest Airlines Company (LUV) by 24.2%.
Research analysts at Imperial Capital cut their FY2017 EPS estimates for shares of Southwest Airlines in a note issued to investors on Friday, Zacks Investment Research reports. 4,534,033 shares of the company traded hands, compared to its average volume of 5,221,233. The firm has a market capitalization of $32,800.00, a price-to-earnings ratio of 15.49, a P/E/G ratio of 1.78 and a beta of 1.31. The company has a quick ratio of 0.55, a current ratio of 0.61 and a debt-to-equity ratio of 0.46. Southwest Airlines Company has a 1-year low of $44.70 and a 1-year high of $64.39.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings data on Thursday, October 26th. The airline reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.87 by $0.01. The business's revenue for the quarter was up 2.6% compared to the same quarter previous year. During the same quarter in the prior year, the firm posted $0.93 EPS. analysts expect that Southwest Airlines will post 3.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, January 4th. Investors of record on Thursday, December 7th will be given a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.90%. Southwest Airlines's dividend payout ratio is now 14.33%.
In other Southwest Airlines news, Director John T. Montford sold 935 shares of the firm's stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $53.94, for a total transaction of $50,433.90. Following the transaction, the director now directly owns 25,000 shares of the company's stock, valued at approximately $1,348,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Commonwealth Of Pennsylvania Public School Empls Retrmt SYS divested its ownership by shedding 138 shares a decrease of 0.3% as of 09/30/2017. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and global copyright and trademark law. If you are reading this news story on another website, it was stolen and reposted in violation of worldwide copyright laws. The original version of this news story can be read at https://www.dispatchtribunal.com/2017/11/16/southwest-airlines-company-luv-holdings-boosted-by-shell-asset-management-co.html.
A number of research analysts have recently commented on LUV shares. Morgan Stanley set a $64.00 target price on shares of Southwest Airlines and gave the stock a "buy" rating in a research report on Thursday, August 17th. Deutsche Bank AG reissued a "buy" rating and issued a $71.00 price objective on shares of Southwest Airlines in a research report on Friday, October 27th. Finally, Barclays PLC restated a "hold" rating and set a $61.00 target price on shares of Southwest Airlines in a research report on Thursday, September 14th. Finally, National Pension Service purchased a new position in Southwest Airlines during the second quarter worth approximately $141,000. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have assigned a buy rating to the stock. Wolfe Research upgraded shares of Southwest Airlines from a "market perform" rating to an "outperform" rating in a research report on Friday, August 18th.
Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets.