Today, Bronfman E.L. Rothschild L.P. Buys 3,076 Shares of Southwest Airlines Co. (LUV)

Today, Bronfman E.L. Rothschild L.P. Buys 3,076 Shares of Southwest Airlines Co. (LUV)
Bronfman E.L. Rothschild L.P. raised its stake in Southwest Airlines Co. (NYSE:LUV) by 39.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,922 shares of the airline’s stock after buying an additional 3,076 shares during the period. Bronfman E.L. Rothschild L.P.’s holdings in Southwest Airlines were worth $425,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Strs Ohio increased its position in shares of Southwest Airlines by 393.0% in the second quarter. Strs Ohio now owns 776,030 shares of the airline’s stock valued at $30,428,000 after buying an additional 618,608 shares during the last quarter. Calamos Advisors LLC increased its position in shares of Southwest Airlines by 15.9% in the second quarter. Calamos Advisors LLC now owns 1,242,786 shares of the airline’s stock valued at $48,730,000 after buying an additional 170,752 shares during the last quarter. Capital Fund Management S.A. increased its position in shares of Southwest Airlines by 472.4% in the second quarter. Capital Fund Management S.A. now owns 1,718,192 shares of the airline’s stock valued at $67,370,000 after buying an additional 1,418,012 shares during the last quarter. Bristol Gate Capital Partners Inc. increased its position in shares of Southwest Airlines by 7.2% in the second quarter. Bristol Gate Capital Partners Inc. now owns 638,645 shares of the airline’s stock valued at $25,041,000 after buying an additional 42,729 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Southwest Airlines by 5.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 569,852 shares of the airline’s stock valued at $22,344,000 after buying an additional 31,443 shares during the last quarter. Institutional investors and hedge funds own 78.51% of the company’s stock.

Southwest Airlines Co. (NYSE:LUV) opened at 47.44 on Friday. Southwest Airlines Co. has a 52 week low of $33.96 and a 52 week high of $51.34. The company has a market capitalization of $29.20 billion, a PE ratio of 13.48 and a beta of 0.86. The company’s 50-day moving average price is $42.11 and its 200 day moving average price is $39.99.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Wednesday, October 26th. The airline reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.88 by $0.05. Southwest Airlines had a return on equity of 32.51% and a net margin of 11.09%. The company earned $5.10 billion during the quarter, compared to the consensus estimate of $5.17 billion. During the same period last year, the business earned $0.94 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. On average, equities research analysts anticipate that Southwest Airlines Co. will post $3.66 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 5th. Stockholders of record on Thursday, December 8th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Tuesday, December 6th. Southwest Airlines’s dividend payout ratio (DPR) is presently 11.40%.

A number of research analysts have recently commented on the stock. Vetr raised shares of Southwest Airlines from a “sell” rating to a “hold” rating and set a $46.22 price objective for the company in a research note on Thursday. Imperial Capital upped their price objective on shares of Southwest Airlines from $46.00 to $57.00 and gave the company an “outperform” rating in a research note on Tuesday. Zacks Investment Research raised shares of Southwest Airlines from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Citigroup Inc. assumed coverage on shares of Southwest Airlines in a research note on Friday, November 18th. They set a “buy” rating and a $57.00 price objective for the company. Finally, Sanford C. Bernstein assumed coverage on shares of Southwest Airlines in a research note on Monday, October 10th. They set an “outperform” rating and a $51.00 price objective for the company. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Southwest Airlines has an average rating of “Buy” and an average target price of $50.70.

Southwest Airlines Company Profile

Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves approximately 100 destinations in over 40 states, such as the District of Columbia, the Commonwealth of Puerto Rico, and approximately seven near-international countries, including Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.

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