Mitsubishi UFJ Trust & Banking Corp Raises Holding in Southwest Airlines Company (NYSE:LUV)

Mitsubishi UFJ Trust & Banking Corp. raised its stake in Southwest Airlines Company (NYSE:LUV — GET Rating) to 14.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund held 76,498 shares of the airline’s stock after purchasing an additional 9,540 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holding in Southwest Airlines was $2,763,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also modified their positions in the stock. Wade GW & Inc. raised its stake in Southwest Airlines shares to 4.8% in the first quarter. Wade GW & Inc. after buying an additional 230 shares during the last quarter. holds 5,038 shares of the airline worth $231,000. Fintrust Capital Advisors LLC boosted its stake in Southwest Airlines shares by 9.5% in the second quarter. Fintrust Capital Advisors LLC now owned 2,902 shares of the airline valued at $117,000 after buying an additional 251 shares during the last quarter. Elo Mutual Pension Insurance Company increased its stake in Southwest Airlines shares by 2.5% in the first quarter. Allo Mutual Pension Insurance Company now owns 11,265 shares of the airline valued at $516,000 after buying an additional 270 shares during the last quarter. Forum Financial Management LP raised its stake in Southwest Airlines shares by 4.0% in the first quarter. Forum Financial Management LP now owns 7,067 shares of the airline’s stock valued at $323,000 after buying an additional 270 shares during the last quarter. Finally, Bradley & Company Private Wealth Management LLC raised its stake in Southwest Airlines shares by 2.1% in the first quarter. Bradley & Company Private Wealth Management LLC now owns 13,442 shares of the airline worth $616,000 after buying an additional 272 shares during the last quarter. Hedge funds and other institutional investors hold 76.40% of the company’s stock.

Southwest Airlines Stock Up 1.3%

Shares of NYSE LUV opened Friday at $38.11. The company’s 50-day simple moving average is $34.76 and its 200-day simple moving average is $38.03. Southwest Airlines Co. The 52-week low is $30.20 and the 52-week high is $50.10. The firm has a market cap of $22.63 billion, a price-to-earnings ratio of 29.77, a price-to-earnings-growth ratio of 2.74, and a beta of 1.07. The company has a quick ratio of 1.50, current ratio of 1.58 and debt-to-equity ratio of 0.76.

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Southwest Airlines (NYSE: LUV – Get Rating) last announced its earnings results on Thursday, October 27. The airline reported earnings per share (EPS) of $0.50 for the quarter, beating the consensus estimate of $0.42 by $0.08. Southwest Airlines had a net margin of 3.64% and a return on equity of 9.66%. The business’s revenue for the quarter was $6.20 billion, compared to analyst estimates of $6.22 billion. During the same quarter last year, the business earned earnings per share ($0.23). The company’s revenue for the quarter was up 32.5% compared to the same quarter last year. Equity analysts expect Southwest Airlines Company to post 2.29 EPS for the current fiscal.

Wall Street analysts weigh in

Several research analysts have issued reports on the stock. Morgan Stanley cut its price target on shares of Southwest Airlines from $70.00 to $65.00 and set an “overweight” rating for the company in a report on Tuesday, August 2. Cowen cut its target price on shares of Southwest Airlines from $67.00 to $55.00 in a report on Friday, July 29. Cowen cut its target price on shares of Southwest Airlines from $67.00 to $55.00 in a report on Friday, July 29. Bank of America cut its target price on shares of Southwest Airlines from $50.00 to $45.00 and set a “buy” rating on the company in a report on Thursday, October 6. Finally, StockNews.com upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating in a report on Friday, October 28. One analyst has given Sell rating to the company’s stock, five have Hold rating, nine have Buy rating and one has Strong Buy rating on the company’s stock. The company currently has an average rating of “medium buy” and an average target price of $49.76, according to MarketBeat.com.

indoor activity

In other news, Director John T. Montford sold 2,250 shares of Southwest Airlines stock in a transaction on Thursday, November 10. The shares were sold at an average price of $38.87 for a total value of $87,457.50. Following the sale, the director now holds 21,046 shares in the company, valued at $818,058.02. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders hold 0.32% of the company’s stock.

About Southwest Airlines

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Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operates a total fleet of 728 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the commonwealth of Puerto Rico, as well as 10 near-international countries including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, and Mexico. Cayman Islands, and Turks and Caicos.

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

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