Southwest Airlines Company (NYSE:LUV) Stake Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. boosted its stake in shares of Southwest Airlines Company (NYSE:LUV) by 510.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,954 shares of the airline’s stock after buying an additional 20,869 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Southwest Airlines were worth $1,551,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LUV. Guardian Life Insurance Co. of America raised its stake in shares of Southwest Airlines by 0.6% in the first quarter. Guardian Life Insurance Co. of America now owns 2,374 shares of the airline’s stock valued at $128,000 after buying an additional 15 shares during the last quarter. Quadrant Capital Group LLC raised its stake in shares of Southwest Airlines by 0.5% in the first quarter. Quadrant Capital Group LLC now owns 3,488 shares of the airline’s stock valued at $184,000 after buying an additional 16 shares during the last quarter. Buckingham Asset Management LLC raised its stake in shares of Southwest Airlines by 0.3% in the first quarter. Buckingham Asset Management LLC now owns 5,690 shares of the airline’s stock valued at $306,000 after buying an additional 16 shares during the last quarter. Bank of Hawaii raised its stake in shares of Southwest Airlines by 0.3% in the first quarter. Bank of Hawaii now owns 12,867 shares of the airline’s stock valued at $692,000 after buying an additional 35 shares during the last quarter. Finally, First Heartland Consultants Inc. raised its stake in shares of Southwest Airlines by 0.3% in the first quarter. First Heartland Consultants Inc. now owns 16,293 shares of the airline’s stock valued at $876,000 after buying an additional 43 shares during the last quarter. 80.58% of the stock is owned by institutional investors.

Southwest Airlines Company (NYSE LUV) traded up 0.04% during midday trading on Friday, hitting $53.17. The stock had a trading volume of 6,061,487 shares. The company has a 50-day moving average price of $58.74 and a 200-day moving average price of $57.27. Southwest Airlines Company has a 12-month low of $36.05 and a 12-month high of $64.39. The company has a market cap of $31.83 billion, a price-to-earnings ratio of 16.30 and a beta of 1.26.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, July 27th. The airline reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.04. Southwest Airlines had a return on equity of 26.07% and a net margin of 9.63%. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same period in the previous year, the business earned $1.19 EPS. Southwest Airlines’s revenue for the quarter was up 6.7% compared to the same quarter last year. Equities analysts anticipate that Southwest Airlines Company will post $3.80 EPS for the current year.

Southwest Airlines declared that its board has initiated a share buyback plan on Wednesday, May 17th that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the airline to reacquire up to 5.8% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 24th will be issued a $0.125 dividend. The ex-dividend date is Tuesday, August 22nd. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.94%. Southwest Airlines’s dividend payout ratio (DPR) is 15.34%.

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Several equities research analysts have issued reports on LUV shares. Zacks Investment Research raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $67.00 target price on the stock in a research note on Tuesday, June 13th. Wolfe Research raised shares of Southwest Airlines from a “market perform” rating to an “outperform” rating in a research report on Friday. BidaskClub cut shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Friday, June 9th. Morgan Stanley set a $64.00 price target on shares of Southwest Airlines and gave the company a “buy” rating in a research report on Thursday. Finally, Vetr raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $63.80 price target on the stock in a research report on Monday, June 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $65.66.

In other news, EVP Jeff Lamb sold 19,800 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $61.00, for a total value of $1,207,800.00. Following the completion of the sale, the executive vice president now directly owns 92,468 shares in the company, valued at approximately $5,640,548. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert E. Jordan sold 15,273 shares of the business’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $59.72, for a total value of $912,103.56. Following the completion of the sale, the executive vice president now owns 102,527 shares of the company’s stock, valued at $6,122,912.44. The disclosure for this sale can be found here. Insiders sold a total of 47,218 shares of company stock valued at $2,838,204 over the last quarter. Company insiders own 0.21% of the company’s stock.

About Southwest Airlines

Southwest Airlines Co (Southwest) operates Southwest Airlines, a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company provides point-to-point service. The Company offers ancillary service offerings, such as Southwest’s EarlyBird Check-In and transportation of pets and unaccompanied minors, in accordance with Southwest’s respective policies.

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

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