Southwest Airlines Company (NYSE:LUV) Position Held by E&G Advisors LP

Xavier Trudeau
Août 14, 2017

Lee Financial Co decreased its stake in shares of Southwest Airlines Company (NYSE:LUV) by 7.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). It is negative, as 71 investors sold LUV shares while 296 reduced holdings. Bank of Montreal Can owned approximately 0.08% of American Airlines Group worth $19,242,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Guardian Life Insurance Co. of America boosted its stake in shares of Southwest Airlines by 0.6% in the first quarter.

Southwest Airlines Co. was covered by a number of analysts recently, 8 rated the stock as Buy, 4 rated Outperform, 6 rated Hold, 0 gave an Underperform and 0 rated sell. Bank of Montreal Can boosted its stake in Southwest Airlines by 6.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 531,915 shares of the airline's stock valued at $28,596,000 after buying an additional 17,516 shares during the last quarter. National Pension Service purchased a new stake in Southwest Airlines during the second quarter worth $141,000. Regent Investment Management LLC increased its stake in shares of American Airlines Group by 13.9% in the first quarter.

Southwest Airlines Co. (LUV) surprised the stock market in its last reported earnings when it earned $1.24 a piece versus the consensus-estimated $1.2. Quadrant Capital Group LLC boosted its stake in 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 period. Following the sale, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. North Forty Management Ltd Liability holds 0.12% in Southwest Airlines Co (NYSE:LUV) or 1,920 shares. 4,232,572 shares of the stock were exchanged. The company's 50 day moving average price is $59.56 and its 200-day moving average price is $57.18. Southwest Airlines Company has a 52-week low of $36.05 and a 52-week high of $64.39. The stock has a market cap of $32.41 billion, a price-to-earnings ratio of 16.60 and a beta of 1.26.

Southwest Airlines Co. (LUV) performance during the last one year Improved 45.38 percent, while its year to date (YTD) performance showed a Positive trend of 8.63 percent. The airline reported $1.24 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.20 by $0.04. The company had revenue of $5.74 billion for the quarter, compared to the consensus estimate of $5.73 billion. During the same quarter in the previous year, the business posted $1.19 earnings per share. Southwest Airlines's revenue for the quarter was up 6.7% on a year-over-year basis. On average, equities analysts expect that Southwest Airlines Company will post $3.80 EPS for the current year. This buyback authorization permits the airline to buy up to 5.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued. Shareholders of record on Thursday, August 24th will be issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 0.92%.

Southwest Airlines Co. (LUV) has been given an average price target of $68.33 from analysts, according to data collected by Finviz.

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Several equities research analysts have weighed in on AAL shares. BidaskClub cut Southwest Airlines from a "buy" rating to a "hold" rating in a research report on Friday, June 9th. Vetr upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $49.75 price target on the stock in a research note on Monday, April 24th. BidaskClub lowered the stock of Southwest Airlines from a "buy" recommendation to a "hold" recommendation in a analysis note on Friday morning, Jun 9th. crowd sourced stock rating company Vetr boosted Southwest Airlines from a "hold" recommendation to a "buy" recommendation and fixed a $63.80 target price for The corporation in a study note on early Mon, Jun 5th. Sanford C. Bernstein restated an "outperform" rating and issued a $70.00 target price on shares of Southwest Airlines in a report on Thursday, July 13th. Imperial Capital maintained Southwest Airlines Co (NYSE:LUV) rating on Thursday, September 3.

In other news, EVP Jeff Lamb sold 19,800 shares of the business's stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $61.00, for a total value of $1,207,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the completion of the transaction, the executive vice president now owns 92,468 shares in the company, valued at $5,640,548. Wells Gregory D sold $302,626 worth of stock or 5,249 shares. The stock rose 1.11% or $0.53 reaching $48.07. The Company operates through American segment, which provides air transportation for passengers and cargo. 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.

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