Cim LLC Acquires 3,692 Shares of Southwest Airlines Co. (NYSE:LUV)

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Cim LLC raised its position in Southwest Airlines Co. (NYSE:LUVGet Rating) by 11.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 36,255 shares of the airline’s stock after acquiring an additional 3,692 shares during the quarter. Cim LLC’s holdings in Southwest Airlines were worth $1,339,000 at the end of the most recent quarter.

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Other institutional investors also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in Southwest Airlines by 14.2% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 76,498 shares of the airline’s stock valued at $2,763,000 after acquiring an additional 9,540 shares during the period. Heritage Wealth Management LLC bought a new position in Southwest Airlines in the second quarter valued at about $35,000. Securian Asset Management Inc. lifted its holdings in Southwest Airlines by 0.9% in the third quarter. Securian Asset Management Inc. now owns 48,345 shares of the airline’s stock valued at $1,491,000 after acquiring an additional 423 shares during the period. Integrated Advisors Network LLC lifted its holdings in Southwest Airlines by 6.9% in the second quarter. Integrated Advisors Network LLC now owns 9,656 shares of the airline’s stock valued at $349,000 after acquiring an additional 621 shares during the period. Finally, Symphony Financial Ltd. Co. lifted its holdings in Southwest Airlines by 84.8% in the third quarter. Symphony Financial Ltd. Co. now owns 16,558 shares of the airline’s stock valued at $524,000 after acquiring an additional 7,597 shares during the period. Institutional investors own 74.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on LUV. Barclays reduced their price target on Southwest Airlines from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday, January 11th. The Goldman Sachs Group began coverage on Southwest Airlines in a research report on Friday, December 16th. They issued a “neutral” rating and a $41.00 price target for the company. Bank of America cut their target price on Southwest Airlines from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, October 6th. Susquehanna cut Southwest Airlines from a “positive” rating to a “neutral” rating and set a $40.00 target price for the company. in a research report on Wednesday, January 11th. Finally, StockNews.com cut Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.50.

Insider Buying and Selling

In related news, Director John T. Montford sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, November 10th. The stock was sold at an average price of $38.87, for a total transaction of $87,457.50. Following the completion of the sale, the director now directly owns 21,046 shares of the company’s stock, valued at approximately $818,058.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.32% of the stock is owned by corporate insiders.

Southwest Airlines Trading Up 0.1 %

Shares of NYSE:LUV traded up $0.02 during trading on Monday, hitting $36.99. The company had a trading volume of 328,841 shares, compared to its average volume of 7,969,033. The stock has a market cap of $21.96 billion, a price-to-earnings ratio of 28.90, a price-to-earnings-growth ratio of 1.98 and a beta of 1.10. Southwest Airlines Co. has a one year low of $30.20 and a one year high of $50.10. The company has a fifty day simple moving average of $37.03 and a two-hundred day simple moving average of $36.64. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.58 and a quick ratio of 1.50.

Southwest Airlines (NYSE:LUVGet Rating) last posted its quarterly earnings data on Thursday, October 27th. The airline reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. The business had revenue of $6.20 billion during the quarter, compared to analyst estimates of $6.22 billion. Southwest Airlines had a return on equity of 9.66% and a net margin of 3.64%. The company’s revenue for the quarter was up 32.5% on a year-over-year basis. During the same period last year, the company earned ($0.23) EPS. As a group, equities analysts forecast that Southwest Airlines Co. will post 1.7 earnings per share for the current year.

Southwest Airlines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, January 9th. Southwest Airlines’s dividend payout ratio is currently 56.25%.

Southwest Airlines Company 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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