Utah Retirement Systems Has $4546000 Position in Southwest Airlines Co. (LUV) – The Cerbat Gem

Utah Retirement Systems maintained its stake in Southwest Airlines Co. (NYSE:LUV) in the course of the third quarter, in accordance with its most up-to-date 13F submitting with the Securities and Exchange Commission (SEC). The agency owned 116,874 shares of the airline’s inventory on the finish of the third quarter. Utah Retirement Systems’ holdings in Southwest Airlines have been value $four,546,00zero on the finish of the newest reporting interval.

Quite a lot of different giant buyers have additionally purchased and bought shares of LUV. Vanguard Group Inc. raised its stake in Southwest Airlines by 1.9% in the second quarter. Vanguard Group Inc. now owns 38,790,694 shares of the airline’s inventory valued at $1,520,983,00zero after shopping for a further 739,007 shares over the past quarter. BlackRock Institutional Trust Company N.A. raised its stake in Southwest Airlines by 2.three% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 17,921,904 shares of the airline’s inventory valued at $702,718,00zero after shopping for a further 397,249 shares over the past quarter. JPMorgan Chase & Co. raised its stake in Southwest Airlines by 73.zero% in the third quarter. JPMorgan Chase & Co. now owns 9,420,861 shares of the airline’s inventory valued at $366,379,00zero after shopping for a further three,975,382 shares over the past quarter. Bank of Montreal Can raised its stake in Southwest Airlines by four.7% in the third quarter. Bank of Montreal Can now owns 6,576,653 shares of the airline’s inventory valued at $255,766,00zero after shopping for a further 298,203 shares over the past quarter. Finally, Janus Capital Management LLC raised its stake in Southwest Airlines by 20.1% in the second quarter. Janus Capital Management LLC now owns 5,796,281 shares of the airline’s inventory valued at $227,272,00zero after shopping for a further 969,666 shares over the past quarter. 75.66% of the inventory is at present owned by institutional buyers.

Southwest Airlines Co. (NYSE:LUV) traded down 1.33% throughout buying and selling on Wednesday, hitting $46.61. 6,640,447 shares of the corporate have been exchanged. Southwest Airlines Co. has a 12 month low of $33.96 and a 12 month excessive of $51.34. The firm has a market capitalization of $28.69 billion, a worth-to-earnings ratio of 13.25 and a beta of zero.86. The firm has a 50-day shifting common of $42.69 and a 200-day shifting common of $40.03.

Southwest Airlines (NYSE:LUV) final launched its quarterly earnings knowledge on Wednesday, October 26th. The airline reported $zero.93 earnings per share for the quarter, topping the consensus estimate of $zero.88 by $zero.05. Southwest Airlines had a return on fairness of 32.51% and a internet margin of 11.09%. The enterprise earned $5.10 billion in the course of the quarter, in comparison with analysts’ expectations of $5.17 billion. During the identical quarter final yr, the enterprise posted $zero.94 EPS. The enterprise’s income was down three.four% on a yr-over-yr foundation. Analysts forecast that Southwest Airlines Co. will publish $three.66 EPS for the present yr.

The agency additionally lately disclosed a quarterly dividend, which will probably be paid on Thursday, January fifth. Shareholders of report on Thursday, December eighth will probably be issued a $zero.10 dividend. This represents a $zero.40 annualized dividend and a yield of zero.86%. The ex-dividend date is Tuesday, December sixth. Southwest Airlines’s dividend payout ratio (DPR) is at present 11.40%.

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Several analysis companies have lately issued reviews on LUV. Credit Suisse Group AG set a $48.00 goal worth on shares of Southwest Airlines and gave the inventory a “buy” score in a analysis word on Monday, September 12th. Vetr raised shares of Southwest Airlines from a “hold” score to a “buy” score and set a $38.64 goal worth on the inventory in a analysis observe on Tuesday, September sixth. Morgan Stanley reissued a “hold” score and set a $43.00 goal worth on shares of Southwest Airlines in a analysis word on Sunday, August 21st. Sanford C. Bernstein started protection on shares of Southwest Airlines in a analysis observe on Monday, October 10th. They set an “outperform” score and a $51.00 goal worth on the inventory. They famous that the transfer was a valuation name. Finally, JPMorgan Chase & Co. raised shares of Southwest Airlines from a “neutral” score to an “overweight” score and set a $51.50 worth goal on the inventory in a analysis notice on Thursday, October 27th. Six equities analysis analysts have rated the inventory with a maintain score and 13 have given a purchase score to the inventory. The firm presently has a mean score of “Buy” and a mean worth goal of $50.70.

About Southwest Airlines

Southwest Airlines Co (Southwest) operates Southwest Airlines. Southwest is a passenger airline that gives scheduled air transportation in the United States and close to-worldwide markets. The Company serves roughly 100 locations in over 40 states, such because the District of Columbia, the Commonwealth of Puerto Rico, and roughly seven close to-worldwide nations, together with Mexico, Jamaica, The Bahamas, Aruba, Dominican Republic, Costa Rica, and Belize.

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