Southwest Airlines Co. (NYSE: LUV) Shares Sold by Shell Asset Management Co.


Shell Asset Management Co. decreased its position in shares of Southwest Airlines Co. (NYSE: LUV – Get Rating) by 14.0% in the first quarter, HoldingsChannel reports. The firm owned 11,841 shares of the airline’s stock after selling 1,934 shares during the quarter. Shell Asset Management Co.’s holdings in Southwest Airlines were worth $ 542,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atticus Wealth Management LLC lifted its holdings in Southwest Airlines by 78.9% in the first quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock valued at $ 26,000 after acquiring an additional 250 shares during the period. MCIA Inc lifted its holdings in Southwest Airlines by 5.7% in the first quarter. MCIA Inc now owns 4,693 shares of the airline’s stock valued at $ 200,000 after acquiring an additional 253 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Southwest Airlines by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 37,400 shares of the airline’s stock valued at $ 1,770,000 after acquiring an additional 300 shares during the period. Triton Wealth Management PLLC lifted its holdings in Southwest Airlines by 2.1% in the fourth quarter. Triton Wealth Management PLLC now owns 16,764 shares of the airline’s stock valued at $ 731,000 after acquiring an additional 340 shares during the period. Finally, We Are One Seven LLC lifted its holdings in Southwest Airlines by 2.0% in the fourth quarter. We Are One Seven LLC now owns 17,477 shares of the airline’s stock valued at $ 749,000 after acquiring an additional 346 shares during the period. Institutional investors and hedge funds own 76.74% of the company’s stock.

Insider Activity

In other news, Director John T. Montford sold 2,300 shares of the company’s stock in a transaction on Friday, May 27th. The stock was sold at an average price of $ 45.70, for a total value of $ 105,110.00. Following the transaction, the director now owns 23,296 shares of the company’s stock, valued at approximately $ 1,064,627.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.32% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on LUV shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $ 60.00 price target on shares of Southwest Airlines in a report on Friday, April 29th. Susquehanna raised Southwest Airlines from a “neutral” rating to a “positive” rating and set a $ 45.00 price target for the company in a report on Tuesday, July 12th. Raymond James reaffirmed a “maintains” rating on shares of Southwest Airlines in a research note on Friday, July 29th. Morgan Stanley reaffirmed a “maintains” rating on shares of Southwest Airlines in a research note on Tuesday. Finally, Barclays reduced their target price on Southwest Airlines from $ 58.00 to $ 50.00 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $ 52.56.

Southwest Airlines Stock Down 1.8%

Shares of NYSE: LUV opened at $ 37.62 on Wednesday. The company has a quick ratio of 1.59, a current ratio of 1.66 and a debt-to-equity ratio of 0.80. The business has a fifty day moving average of $ 39.41 and a two-hundred day moving average of $ 42.61. The stock has a market cap of $ 22.31 billion, a P / E ratio of 23.96, a PEG ratio of 2.34 and a beta of 1.00. Southwest Airlines Co. has a 52-week low of $ 34.36 and a 52-week high of $ 56.33.

Southwest Airlines (NYSE: LUV – Get Rating) last announced its quarterly earnings results on Thursday, July 28th. The airline reported $ 1.30 EPS for the quarter, beating the consensus estimate of $ 0.91 by $ 0.39. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The business had revenue of $ 6.73 billion for the quarter, compared to analyst estimates of $ 6.69 billion. During the same quarter in the prior year, the company posted ($ 0.35) EPS. The company’s quarterly revenue was up 67.9% on a year-over-year basis. On average, research analysts expect that Southwest Airlines Co. will post 2.71 earnings per share for the current year.

Southwest Airlines Profile

(Get Rating)

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 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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