Thomas Story & Son LLC Acquires New Position in Southwest Airlines Co (NYSE:LUV)

Thomas Story & Son LLC acquired a new stake in shares of Southwest Airlines Co (NYSE:LUV) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 80,890 shares of the airline’s stock, valued at approximately $4,369,000. Southwest Airlines makes up 2.3% of Thomas Story & Son LLC’s holdings, making the stock its 17th biggest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sterling Investment Advisors Ltd. bought a new stake in Southwest Airlines during the 3rd quarter valued at about $26,000. Smithfield Trust Co. raised its holdings in shares of Southwest Airlines by 130.4% in the 3rd quarter. Smithfield Trust Co. now owns 530 shares of the airline’s stock valued at $28,000 after purchasing an additional 300 shares in the last quarter. Hudock Capital Group LLC raised its holdings in shares of Southwest Airlines by 596.4% in the 3rd quarter. Hudock Capital Group LLC now owns 585 shares of the airline’s stock valued at $31,000 after purchasing an additional 501 shares in the last quarter. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Southwest Airlines by 242.8% in the 2nd quarter. Global Wealth Management Investment Advisory Inc. now owns 713 shares of the airline’s stock valued at $36,000 after purchasing an additional 505 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in shares of Southwest Airlines by 40.0% in the 3rd quarter. JFS Wealth Advisors LLC now owns 700 shares of the airline’s stock valued at $38,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 81.78% of the company’s stock.

Several equities research analysts have recently commented on the stock. Macquarie upgraded shares of Southwest Airlines from a “neutral” rating to an “outperform” rating and set a $67.00 price target for the company in a report on Friday, September 13th. Argus lowered shares of Southwest Airlines from a “buy” rating to a “hold” rating in a report on Tuesday, August 13th. Wolfe Research set a $62.00 price target on shares of Southwest Airlines and gave the company a “buy” rating in a report on Friday, October 25th. Zacks Investment Research upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $59.00 price target for the company in a report on Monday, September 16th. Finally, Credit Suisse Group boosted their price target on shares of Southwest Airlines from $55.00 to $60.00 and gave the company a “neutral” rating in a report on Friday, October 25th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. Southwest Airlines has a consensus rating of “Hold” and an average target price of $58.95.

Shares of Southwest Airlines stock traded down $0.06 on Friday, reaching $58.18. The stock had a trading volume of 2,271,976 shares, compared to its average volume of 4,195,180. The company has a 50 day moving average price of $54.78 and a 200 day moving average price of $52.54. The company has a quick ratio of 0.59, a current ratio of 0.65 and a debt-to-equity ratio of 0.36. Southwest Airlines Co has a 1 year low of $44.28 and a 1 year high of $58.77. The stock has a market capitalization of $31.31 billion, a P/E ratio of 13.72, a P/E/G ratio of 1.50 and a beta of 1.48.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $1.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.15. The firm had revenue of $5.64 billion for the quarter, compared to the consensus estimate of $5.65 billion. Southwest Airlines had a net margin of 10.90% and a return on equity of 24.71%. The company’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.08 EPS. On average, analysts forecast that Southwest Airlines Co will post 4.38 earnings per share for the current fiscal year.

Southwest Airlines Company 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, 2018, the company operated a total of 750 Boeing 737 aircraft; and served 99 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.

Recommended Story: Why is the LIBOR significant?

Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co (NYSE:LUV).

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

Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter.