Fulton Bank N.A. cut its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 22.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,881 shares of the airline’s stock after selling 4,467 shares during the period. Fulton Bank N.A.’s holdings in Southwest Airlines were worth $970,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Koshinski Asset Management Inc. lifted its position in shares of Southwest Airlines by 3.0% during the 4th quarter. Koshinski Asset Management Inc. now owns 7,015 shares of the airline’s stock valued at $327,000 after buying an additional 203 shares in the last quarter. Everhart Financial Group Inc. bought a new stake in Southwest Airlines during the 4th quarter worth approximately $228,000. Baron Silver Stevens Financial Advisors LLC purchased a new position in Southwest Airlines during the fourth quarter valued at approximately $58,000. DekaBank Deutsche Girozentrale boosted its position in shares of Southwest Airlines by 22.8% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 224,552 shares of the airline’s stock worth $10,371,000 after purchasing an additional 41,695 shares during the period. Finally, SOA Wealth Advisors LLC. purchased a new stake in shares of Southwest Airlines in the fourth quarter worth $31,000. 74.00% of the stock is owned by institutional investors and hedge funds.
Several research analysts recently weighed in on the stock. Susquehanna Bancshares upped their target price on shares of Southwest Airlines from $50.00 to $60.00 and gave the stock a “positive” rating in a report on Thursday, January 14th. Jefferies Financial Group increased their target price on Southwest Airlines from $55.00 to $70.00 and gave the stock a “buy” rating in a research report on Tuesday, March 30th. The Goldman Sachs Group boosted their price target on Southwest Airlines from $47.00 to $69.00 and gave the stock a “buy” rating in a report on Tuesday, March 16th. Credit Suisse Group increased their price objective on shares of Southwest Airlines from $51.00 to $62.00 and gave the company an “outperform” rating in a report on Friday, January 29th. Finally, Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, March 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seventeen have issued a buy rating to the company. Southwest Airlines presently has a consensus rating of “Buy” and an average target price of $56.10.
In related news, Director John T. Montford sold 500 shares of the firm’s stock in a transaction that occurred on Monday, March 15th. The stock was sold at an average price of $61.85, for a total transaction of $30,925.00. Following the completion of the sale, the director now directly owns 22,332 shares of the company’s stock, valued at approximately $1,381,234.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrew M. Watterson sold 16,300 shares of the business’s stock in a transaction on Wednesday, February 24th. The shares were sold at an average price of $59.20, for a total value of $964,960.00. Following the transaction, the executive vice president now owns 53,111 shares of the company’s stock, valued at approximately $3,144,171.20. The disclosure for this sale can be found here. In the last three months, insiders sold 56,418 shares of company stock worth $3,225,340. Insiders own 0.28% of the company’s stock.
Shares of NYSE:LUV traded down $1.05 during trading on Thursday, hitting $62.47. The company had a trading volume of 21,664 shares, compared to its average volume of 8,082,563. The stock has a market cap of $36.90 billion, a price-to-earnings ratio of -22.77, a price-to-earnings-growth ratio of 139.97 and a beta of 1.23. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.07 and a quick ratio of 2.01. The company has a fifty day simple moving average of $58.83 and a two-hundred day simple moving average of $47.94. Southwest Airlines Co. has a one year low of $22.47 and a one year high of $64.64.
Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Wednesday, January 27th. The airline reported ($1.29) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.68) by $0.39. The company had revenue of $2.01 billion for the quarter, compared to analyst estimates of $2.11 billion. Southwest Airlines had a negative return on equity of 22.65% and a negative net margin of 12.94%. Southwest Airlines’s quarterly revenue was down 64.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, equities research analysts anticipate that Southwest Airlines Co. will post -6.54 earnings per share for the current year.
About Southwest Airlines
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, 2020, the company operated a total fleet of 718 Boeing 737 aircrafts; and served 107 destinations in 40 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten 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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