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Harwood Advisory Group LLC Boosts Stake in Southwest Airlines Company (NYSE:LUV)

27 July 2017

Southwest provides point-to-point service.

Southwest Airlines disclosed that its Board of Directors has approved a share buyback plan on early Wed, May 17th that authorizes The corporation to repurchase $2.00 B in stocks.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings results on Thursday, July 27th. 12,543,774 shares of the stock traded hands. CBS Corporation (NYSE:CBS) has risen 18.35% since July 27, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Cwm Llc decreased its stake in Cbs Corp New (CBS) by 7.32% based on its latest 2016Q4 regulatory filing with the SEC. The stock declined 3.56% or $2.12 reaching $57.4 per share. It fall, as 71 investors sold LUV shares while 296 reduced holdings. Moreover, Lingohr & Partner Asset Management Gmbh has 0.17% invested in the company for 23,900 shares. The stock kicked off the session at $0.37 and later approached $0.44 with a change of 24.05%. It has underperformed by 16.70% the S&P500. $705,735 worth of AMERCO (NASDAQ:UHAL) was bought by Holmes David L on Tuesday, May 30. The firm has "Buy" rating by Stifel Nicolaus given on Tuesday, May 3. Earnings increased 2.7% on a year-over-year basis. Equities analysts anticipate that Southwest Airlines Company will post $3.90 earnings per share for the current year. MSCC's profit would be $93.48 million giving it 16.53 P/E if the $0.81 EPS is correct. Annual EPS Growth of past 5 years is 17.50%. Shareholders of record on Wednesday, June 7th were given a $0.125 dividend. Its down 0.23, from 0.9 in 2016Q3. Therefore 88% are positive. 35 funds opened positions while 110 raised stakes. Rothschild Asset Mngmt Inc invested in 794,945 shares or 0.64% of the stock. Bowen Hanes Communications has invested 0.02% of its portfolio in MTU Aero Engines AG (ETR:MTX). Employees Retirement Association Of Colorado holds 0% or 196 shares. Van ECK Associates Corp now owns 2,502 shares of the airline's stock valued at $135,000 after buying an additional 154 shares during the period. Invesco Ltd owns 7,392 shares for 0% of their portfolio. American Century owns 218,598 shares or 0.01% of their USA portfolio. Blackrock Japan Commerce Limited accumulated 177,999 shares. Sg Americas Securities Llc invested in 8,792 shares. Brown Advisory holds 63,545 shares or 0.01% of its portfolio. Stock value has moved between $35.43 - 64.7 in last one year.

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Earnings: Spirit Airlines' second quarter 2017 earnings (on an adjusted basis) came in at $1.14 per share, beating the Zacks Consensus Estimate of $1.11. Wells Gregory D also sold $192,566 worth of Southwest Airlines Co (NYSE:LUV) on Monday, February 27.

Shares of Southwest Airlines Co.

In terms of Southwest Airlines Co.

Among 11 analysts covering SBA Communications (NASDAQ:SBAC), 8 have Buy rating, 0 Sell and 3 Hold. Now Southwest Airlines Co.'s current price is $21.18 shy of the official highest sell-side analyst price target on Wall Street.

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Citigroup began coverage setting a rating of "Buy". On Friday, September 9 the stock rating was initiated by Imperial Capital with "Outperform". As per Thursday, January 12, the company rating was maintained by Imperial Capital.

Higher fuel prices and strong demand for lower fares have pressured airlines industrywide, but Southwest said the fare environment improved during the quarter. The rating was maintained by Cowen & Co on Friday, January 27 with "Outperform". The rating was upgraded by Morgan Stanley on Thursday, January 5 to "Overweight". It turned negative, as 26 investors sold Microsemi Corporation shares while 112 reduced holdings. 94 funds opened positions while 169 raised stakes. 484.24 million shares or 6.71% more from 453.81 million shares in 2016Q3 were reported.

Headlines about Southwest Airlines (NYSE:LUV) have trended somewhat positive this week, according to Accern. Carlson Cap LP holds 0.26% or 339,488 shares. The company reported the earnings of $0.61/Share in the last quarter where the estimated EPS by analysts was $0.63/share. Fulton Bank N.A. increased its stake in Southwest Airlines by 110.4% in the first quarter. Asset Management reported 56,100 shares. West Oak Ltd Company reported 150 shares. Adirondack Tru Communication reported 465 shares. Bank of Hawaii increased its stake in shares of Southwest Airlines by 0.3% in the first quarter.

Are Southwest Airlines Co. Integral Derivatives, New York-based fund reported 18,177 shares. 4,800 are owned by Leavell Invest Incorporated. Cowen & Co maintained Southwest Airlines Co (NYSE:LUV) rating on Friday, July 24.

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Harwood Advisory Group LLC Boosts Stake in Southwest Airlines Company (NYSE:LUV)