Southwest Airlines Co (LUV) : Tipp Hill Capital Management has sold out all of its stake in Southwest Airlines Co during the most recent quarter, according to the disclosure filed by the company on Aug 3, 2016 with the SEC. The investment management company has sold out 100,000 shares of Southwest Airlines Co which is valued at $3,588,000.
Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in LUV by selling 93,000 shares or 5.53% in the most recent quarter. The Hedge Fund company now holds 1,587,424 shares of LUV which is valued at $56,956,773. Southwest Airlines Co makes up approx 0.09% of California Public Employees Retirement System’s portfolio.Bank Of Hawaii boosted its stake in LUV in the latest quarter, The investment management firm added 362 additional shares and now holds a total of 40,042 shares of Southwest Airlines Co which is valued at $1,436,707. Southwest Airlines Co makes up approx 0.15% of Bank Of Hawaii’s portfolio.Ftb Advisors reduced its stake in LUV by selling 31 shares or 4.61% in the most recent quarter. The Hedge Fund company now holds 642 shares of LUV which is valued at $23,760.Baker Ellis Asset Management reduced its stake in LUV by selling 100 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 4,100 shares of LUV which is valued at $151,741. Southwest Airlines Co makes up approx 0.05% of Baker Ellis Asset Management’s portfolio.Redwood Investments reduced its stake in LUV by selling 18,127 shares or 14.57% in the most recent quarter. The Hedge Fund company now holds 106,294 shares of LUV which is valued at $3,983,899. Southwest Airlines Co makes up approx 0.35% of Redwood Investments’s portfolio.
Southwest Airlines Co closed down -0.4 points or -1.06% at $37.45 with 59,18,352 shares getting traded on Monday. Post opening the session at $37.77, the shares hit an intraday low of $37.27 and an intraday high of $38.03 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
On the company’s financial health, Southwest Airlines Co reported $1.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Jul 21, 2016. Analyst had a consensus of $1.21. The company had revenue of $5384.00 million for the quarter, compared to analysts expectations of $5398.38 million. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.03 EPS.
Investors should note that on Jul 28, 2016, Southwest Airlines Co announced a cash dividend of $0.1000. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 8, 2016.
Many Wall Street Analysts have commented on Southwest Airlines Co. Southwest Airlines Co was Downgraded by JP Morgan to ” Neutral” on Jul 27, 2016. Southwest Airlines Co was Downgraded by Argus to ” Hold” on Jul 25, 2016. Shares were Reiterated by Cowen on Jul 22, 2016 to “Outperform” and Lowered the Price Target to $ 47 from a previous price target of $49 .
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.