Diversify Advisory Services LLC Takes Position in Southwest Airlines Co. (NYSE:LUV)

Diversify Advisory Services LLC bought a new position in shares of Southwest Airlines Co. (NYSE:LUVFree Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 24,880 shares of the airline’s stock, valued at approximately $726,000.

Several other institutional investors also recently bought and sold shares of the stock. Gradient Investments LLC increased its holdings in shares of Southwest Airlines by 37.8% during the 4th quarter. Gradient Investments LLC now owns 378,428 shares of the airline’s stock valued at $10,929,000 after purchasing an additional 103,834 shares in the last quarter. Czech National Bank increased its holdings in Southwest Airlines by 0.6% in the first quarter. Czech National Bank now owns 104,990 shares of the airline’s stock valued at $3,065,000 after buying an additional 585 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Southwest Airlines by 14.6% in the first quarter. GAMMA Investing LLC now owns 4,680 shares of the airline’s stock worth $137,000 after acquiring an additional 595 shares during the period. Raymond James & Associates boosted its stake in shares of Southwest Airlines by 32.4% during the 4th quarter. Raymond James & Associates now owns 506,762 shares of the airline’s stock worth $14,635,000 after acquiring an additional 124,054 shares in the last quarter. Finally, Artisan Partners Limited Partnership grew its position in shares of Southwest Airlines by 0.4% during the 4th quarter. Artisan Partners Limited Partnership now owns 10,790,654 shares of the airline’s stock valued at $311,634,000 after acquiring an additional 47,119 shares during the period. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on LUV shares. TD Cowen lowered their price target on Southwest Airlines from $26.00 to $25.00 and set a “hold” rating on the stock in a research report on Friday, April 26th. Citigroup lifted their price target on shares of Southwest Airlines from $27.50 to $29.00 and gave the company a “neutral” rating in a research note on Monday, June 17th. HSBC began coverage on shares of Southwest Airlines in a research report on Monday, May 13th. They set a “hold” rating and a $27.80 price objective for the company. StockNews.com lowered shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Finally, Argus restated a “hold” rating on shares of Southwest Airlines in a research report on Tuesday, May 28th. Five analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $29.83.

Get Our Latest Report on LUV

Southwest Airlines Trading Down 5.7 %

Shares of LUV stock opened at $26.94 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78. Southwest Airlines Co. has a twelve month low of $21.91 and a twelve month high of $39.53. The company’s 50-day moving average price is $27.68 and its 200-day moving average price is $29.35. The stock has a market cap of $16.12 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 1.92 and a beta of 1.15.

Southwest Airlines (NYSE:LUVGet Free Report) last posted its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.42 billion. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the company earned ($0.27) EPS. As a group, equities analysts predict that Southwest Airlines Co. will post 0.88 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 19th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Tuesday, June 18th. Southwest Airlines’s dividend payout ratio is presently 114.29%.

Southwest Airlines Profile

(Free Report)

Southwest Airlines Co operates as a passenger airline company that provides scheduled air transportation services in the United States and near-international markets. As of December 31, 2023, the company operated a total fleet of 817 Boeing 737 aircraft; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as ten 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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