Rockefeller Financial Services INC Lifted Its Stake in Southwest Airlines Co. (LUV) as Valuation Rose

June 19, 2017 - By Clifton Ray

Investors sentiment decreased to 0.67 in Q4 2016. Its down 0.23, from 0.9 in 2016Q3. It is negative, as 71 investors sold LUV shares while 296 reduced holdings. 84 funds opened positions while 163 raised stakes. 484.24 million shares or 6.71% more from 453.81 million shares in 2016Q3 were reported. Piedmont Investment Ltd Liability Company invested 0% of its portfolio in Southwest Airlines Co (NYSE:LUV). 6,547 are held by Mckinley Capital Management Lc Delaware. Cap One Association stated it has 0.6% in Southwest Airlines Co (NYSE:LUV). Cornerstone Capital Management Ltd Liability, a New York-based fund reported 147,670 shares. Calamos Wealth Limited Liability Company owns 54,960 shares. Peapack Gladstone Financial Corp accumulated 4,173 shares. Fifth Third Bank & Trust holds 0% or 5,647 shares in its portfolio. Pitcairn Com invested in 5,790 shares or 0.04% of the stock. Commonwealth Equity Services, a Massachusetts-based fund reported 96,428 shares. 100,323 were accumulated by Eaton Vance Mngmt. New Vernon Inv Mngmt Ltd Limited Liability Company holds 17,087 shares. Shelton Cap holds 18,514 shares. Cfo4life Limited Partnership accumulated 9,044 shares or 0.37% of the stock. 10,200 were accumulated by Menta Cap Ltd Liability. Retirement Sys Of Alabama owns 0.18% invested in Southwest Airlines Co (NYSE:LUV) for 611,778 shares.

Since January 30, 2017, it had 0 buys, and 16 sales for $10.00 million activity. On Tuesday, February 28 Jordan Robert E sold $811,611 worth of Southwest Airlines Co (NYSE:LUV) or 13,939 shares. Lamb Jeff also sold $1.06M worth of Southwest Airlines Co (NYSE:LUV) shares. 3,823 Southwest Airlines Co (NYSE:LUV) shares with value of $226,035 were sold by Shaw Mark R. On Friday, May 19 Wells Gregory D sold $302,626 worth of Southwest Airlines Co (NYSE:LUV) or 5,249 shares. On Tuesday, February 21 the insider KELLY GARY C sold $499,764. 9,655 shares valued at $500,032 were sold by Romo Tammy on Monday, January 30.

Rockefeller Financial Services Inc increased its stake in Southwest Airlines Co. (LUV) by 14.86% based on its latest 2016Q4 regulatory filing with the SEC. Rockefeller Financial Services Inc bought 417,808 shares as the company’s stock rose 1.26% with the market. The institutional investor held 3.23M shares of the air freight and delivery services company at the end of 2016Q4, valued at $160.92M, up from 2.81M at the end of the previous reported quarter. Rockefeller Financial Services Inc who had been investing in Southwest Airlines Co. for a number of months, seems to be bullish on the $36.56 billion market cap company. The stock rose 0.76% or $0.46 reaching $60.75 per share. About 4,085 shares traded. Southwest Airlines Co (NYSE:LUV) has risen 37.63% since June 19, 2016 and is uptrending. It has outperformed by 20.93% the S&P500.

Rockefeller Financial Services Inc, which manages about $4.92B US Long portfolio, decreased its stake in Sba Communications Corporation (NASDAQ:SBAC) by 616,688 shares to 2,279 shares, valued at $235,000 in 2016Q4, according to the filing. It also reduced its holding in Annaly Capital Management Inc. (NYSE:NLY) by 7.19 million shares in the quarter, leaving it with 39,674 shares, and cut its stake in Mallinckrodt Plc (NYSE:MNK).

More notable recent Southwest Airlines Co (NYSE:LUV) news were published by: Seekingalpha.com which released: “Southwest Airlines: The Best Buyback In The S&P 500” on May 24, 2017, also Prnewswire.com with their article: “Southwest Airlines Announces Leadership Changes” published on May 22, 2017, Prnewswire.com published: “Southwest Introduces “Destination” Series – Continuing Celebration And Support …” on May 22, 2017. More interesting news about Southwest Airlines Co (NYSE:LUV) were released by: Prnewswire.com and their article: “Southwest Airlines Begins Service At Cincinnati/Northern Kentucky …” published on June 04, 2017 as well as Zacks.com‘s news article titled: “Here’s Why Southwest Airlines Should Grace Your Portfolio” with publication date: June 01, 2017.

Southwest Airlines Co (NYSE:LUV) Ratings Coverage

Among 13 analysts covering Southwest Airlines Co. (NYSE:LUV), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Southwest Airlines Co. had 39 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Thursday, July 30. The rating was maintained by Credit Suisse with “Outperform” on Friday, January 22. Cowen & Co maintained Southwest Airlines Co (NYSE:LUV) rating on Friday, July 22. Cowen & Co has “Outperform” rating and $47 target. The firm earned “Equal-Weight” rating on Friday, April 15 by Barclays Capital. JP Morgan downgraded Southwest Airlines Co (NYSE:LUV) on Wednesday, July 27 to “Neutral” rating. The firm earned “Buy” rating on Monday, May 29 by Stifel Nicolaus. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Thursday, January 7 report. Cowen & Co maintained the stock with “Outperform” rating in Friday, June 24 report. The stock of Southwest Airlines Co (NYSE:LUV) earned “Buy” rating by Citigroup on Friday, November 18. The stock of Southwest Airlines Co (NYSE:LUV) has “Neutral” rating given on Friday, July 22 by Buckingham Research.

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