Ziegler Capital Management LLC, an institutional investor, has reduced its stake in Southwest Airlines Co. (LUV:NYE) by 19.9% in the fourth quarter, according to its recent filing with the Securities & Exchange Commission. The investor sold 19,751 shares of the Southwest Airlines stock, and now owns 79,260 shares worth $2,669,000.
Other institutional investors, such as Forum Financial Management LP, Stonebridge Capital Advisors LLC, Utah Retirement Systems, Horst & Graben Wealth Management LLC, and Zions Bancorporation N.A., have also recently modified their holdings of the airline company.
Analysts have issued various reports on LUV stock, with a consensus rating of “Strong Buy” and a consensus target price of $45.54.
Southwest Airlines Stock Analysis:
LUV stock opened at $31.69 on Tuesday, with a one-year low of $28.95 and a high of $50.10. The company’s market cap is $18.83 billion, and it has a P/E ratio of 39.61, a P/E/G ratio of 0.46, and a beta of 1.15.
Southwest Airlines Co.’s fifty-day moving average price is $33.52, and its two-hundred day moving average price is $34.90. The company recently disclosed a quarterly dividend of $0.18, which was paid on March 29th, with a yield of 2.27%.
Company Profile:
Southwest Airlines Co. operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets.
It provides ancillary services, such as Southwest’s EarlyBird Check-In, upgraded boarding, and transportation of pets and unaccompanied minors. The company was incorporated in 1967 and is headquartered in Dallas, Texas.
