Cwm LLC Has $464,000 Holdings in Southwest Airlines Co. (NYSE:LUV)

Cwm LLC lessened its holdings in Southwest Airlines Co. (NYSE:LUVGet Rating) by 2.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,037 shares of the airline’s stock after selling 351 shares during the period. Cwm LLC’s holdings in Southwest Airlines were worth $464,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in LUV. Price T Rowe Associates Inc. MD raised its holdings in shares of Southwest Airlines by 17.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 33,378,877 shares of the airline’s stock worth $1,205,645,000 after acquiring an additional 4,992,817 shares during the last quarter. Prudential Financial Inc. raised its holdings in shares of Southwest Airlines by 382.1% in the 2nd quarter. Prudential Financial Inc. now owns 2,729,729 shares of the airline’s stock worth $98,599,000 after acquiring an additional 2,163,492 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Southwest Airlines by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock worth $2,886,717,000 after acquiring an additional 1,213,767 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Southwest Airlines by 557.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 946,671 shares of the airline’s stock worth $34,194,000 after acquiring an additional 802,645 shares during the last quarter. Finally, Ruffer LLP raised its holdings in shares of Southwest Airlines by 98.4% in the 2nd quarter. Ruffer LLP now owns 1,060,570 shares of the airline’s stock worth $38,334,000 after acquiring an additional 525,990 shares during the last quarter. Institutional investors and hedge funds own 74.71% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Raymond James reduced their price objective on shares of Southwest Airlines from $48.00 to $45.00 and set a “strong-buy” rating for the company in a research report on Thursday, January 5th. StockNews.com downgraded shares of Southwest Airlines from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Southwest Airlines from $62.00 to $56.00 and set a “buy” rating for the company in a research report on Tuesday. Barclays reduced their price objective on shares of Southwest Airlines from $48.00 to $42.00 and set an “overweight” rating for the company in a research report on Wednesday. Finally, The Goldman Sachs Group assumed coverage on shares of Southwest Airlines in a research report on Friday, December 16th. They issued a “neutral” rating and a $41.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $49.50.

Southwest Airlines Stock Up 2.8 %

LUV stock opened at $36.97 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.50 and a current ratio of 1.58. The company has a market capitalization of $21.95 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 1.85 and a beta of 1.10. Southwest Airlines Co. has a fifty-two week low of $30.20 and a fifty-two week high of $50.10. The stock has a fifty day moving average of $37.03 and a 200-day moving average of $36.64.

Southwest Airlines (NYSE:LUVGet Rating) last posted its quarterly earnings results on Thursday, October 27th. The airline reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The company had revenue of $6.20 billion during the quarter, compared to the consensus estimate of $6.22 billion. Southwest Airlines had a return on equity of 9.66% and a net margin of 3.64%. The firm’s quarterly revenue was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.23) EPS. As a group, equities research analysts predict that Southwest Airlines Co. will post 2.19 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 31st. Investors of record on Tuesday, January 10th will be issued a dividend of $0.18 per share. The ex-dividend date is Monday, January 9th. This represents a $0.72 dividend on an annualized basis and a yield of 1.95%. Southwest Airlines’s dividend payout ratio (DPR) is 56.25%.

Insider Buying and Selling

In related news, Director John T. Montford sold 2,250 shares of the stock in a transaction dated Thursday, November 10th. The stock was sold at an average price of $38.87, for a total transaction of $87,457.50. Following the sale, the director now owns 21,046 shares of the company’s stock, valued at approximately $818,058.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

Southwest Airlines Profile

(Get Rating)

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.

Further Reading

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

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