First Dallas Securities Lowers stake in Southwest Airlines Co (LUV)

Southwest Airlines Co (LUV) : First Dallas Securities reduced its stake in Southwest Airlines Co by 4.77% during the most recent quarter end. The investment management company now holds a total of 94,767 shares of Southwest Airlines Co which is valued at $3,954,627 after selling 4,742 shares in Southwest Airlines Co , the firm said in a disclosure report filed with the SEC on May 3, 2016.Southwest Airlines Co makes up approximately 3.18% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Hudson Canyon Investment Counselors boosted its stake in LUV in the latest quarter, The investment management firm added 700 additional shares and now holds a total of 32,600 shares of Southwest Airlines Co which is valued at $1,360,398. Southwest Airlines Co makes up approx 1.56% of Hudson Canyon Investment Counselors’s portfolio.Apex Capital Management boosted its stake in LUV in the latest quarter, The investment management firm added 65 additional shares and now holds a total of 15,978 shares of Southwest Airlines Co which is valued at $712,779. Southwest Airlines Co makes up approx 0.02% of Apex Capital Management’s portfolio.Glenmede Trust Co Na boosted its stake in LUV in the latest quarter, The investment management firm added 730,317 additional shares and now holds a total of 1,270,537 shares of Southwest Airlines Co which is valued at $56,678,656. Southwest Airlines Co makes up approx 0.37% of Glenmede Trust Co Na’s portfolio.Pggm Investments reduced its stake in LUV by selling 9,039 shares or 1.14% in the most recent quarter. The Hedge Fund company now holds 787,125 shares of LUV which is valued at $37,191,656. Southwest Airlines Co makes up approx 0.20% of Pggm Investments’s portfolio.

Southwest Airlines Co opened for trading at $42.28 and hit $42.91 on the upside on Tuesday, eventually ending the session at $42.85, with a gain of 1.56% or 0.66 points. The heightened volatility saw the trading volume jump to 52,64,360 shares. Company has a market cap of $27,368 M.

On the company’s financial health, Southwest Airlines Co reported $0.88 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Apr 21, 2016. Analyst had a consensus of $0.84. The company had revenue of $4826.00 million for the quarter, compared to analysts expectations of $4804.75 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS.

Many Wall Street Analysts have commented on Southwest Airlines Co. Company shares were Upgraded by Barclays on Apr 15, 2016 to ” Equal Weight”, Firm has raised the Price Target to $ 48 from a previous price target of $41 .

Southwest Airlines Co. operates Southwest Airlines (Southwest). Southwest is a passenger airline that provides scheduled air transportation in the United States and near-international markets. The Company serves around 93 destinations in 40 states and runs international services to Montego Bay Nassau Oranjestad Cabo San Lucas/Los Cabos Cancun Mexico City and Punta Cana. It serves around 17 non-stop destinations and 581 non-stop city pairs. It operates around 665 Boeing 737 aircrafts. It provides several products such as Business Select Fly By Priority Lanes and SWABIZ. Its Website southwest.com enables purchasing and managing travel online. It offers southwest.com and swabiz.com in a translated Spanish version. Southwest provides inflight satellite-based wireless fidelity (Wi-Fi) service and live television. Its service offerings include EarlyBird Check-In Pets Are Welcome on Southwest (P.A.W.S.) products Automated Outbound Messaging (AOM) service and southwest.com/rebook.

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