Massmutual Trust Co. FSB ADV Raises Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Massmutual Trust Co. FSB ADV increased its position in Southwest Airlines Co. (NYSE:LUVGet Rating) by 412.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 927 shares of the airline’s stock after purchasing an additional 746 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in Southwest Airlines were worth $33,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Atticus Wealth Management LLC boosted its holdings in Southwest Airlines by 78.9% in the first quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Cornerstone Advisory LLC bought a new position in shares of Southwest Airlines during the fourth quarter valued at $27,000. Tcwp LLC bought a new position in shares of Southwest Airlines during the first quarter valued at $27,000. Samalin Investment Counsel LLC lifted its holdings in shares of Southwest Airlines by 247.5% during the first quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock valued at $32,000 after purchasing an additional 500 shares in the last quarter. Finally, MCF Advisors LLC bought a new position in Southwest Airlines in the first quarter valued at about $33,000. 76.40% of the stock is owned by hedge funds and other institutional investors.

Southwest Airlines Stock Performance

NYSE LUV opened at $35.88 on Tuesday. The stock has a market capitalization of $21.29 billion, a PE ratio of 22.82, a P/E/G ratio of 2.70 and a beta of 0.99. The business has a 50 day simple moving average of $38.46 and a two-hundred day simple moving average of $41.04. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 1.59. Southwest Airlines Co. has a 1-year low of $34.36 and a 1-year high of $56.33.

Southwest Airlines (NYSE:LUVGet Rating) last released its quarterly earnings results on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.39. The business had revenue of $6.73 billion during the quarter, compared to analysts’ expectations of $6.69 billion. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The firm’s revenue for the quarter was up 67.9% compared to the same quarter last year. During the same quarter last year, the business posted ($0.35) EPS. On average, research analysts predict that Southwest Airlines Co. will post 2.14 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Melius initiated coverage on Southwest Airlines in a report on Monday, August 15th. They issued a “buy” rating on the stock. Cowen reduced their price target on Southwest Airlines from $67.00 to $55.00 in a research report on Friday, July 29th. Raymond James upgraded Southwest Airlines from an “outperform” rating to a “strong-buy” rating and reduced their price target for the stock from $57.00 to $55.00 in a research report on Thursday, June 23rd. Cowen reduced their price target on Southwest Airlines from $67.00 to $55.00 in a research report on Friday, July 29th. Finally, Barclays reduced their price target on Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating for the company in a research report on Thursday, June 23rd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.06.

Southwest Airlines Company Profile

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; 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, the Cayman Islands, and Turks and Caicos.

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

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