Signaturefd LLC Has $245,000 Stock Position in Southwest Airlines Co. $LUV

Signaturefd LLC lessened its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 17.7% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 7,541 shares of the airline’s stock after selling 1,620 shares during the period. Signaturefd LLC’s holdings in Southwest Airlines were worth $245,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of LUV. Patton Fund Management Inc. bought a new position in Southwest Airlines during the 2nd quarter worth $270,000. CX Institutional increased its stake in shares of Southwest Airlines by 8.7% in the second quarter. CX Institutional now owns 11,938 shares of the airline’s stock valued at $387,000 after buying an additional 957 shares during the period. TD Private Client Wealth LLC increased its stake in shares of Southwest Airlines by 67.8% in the second quarter. TD Private Client Wealth LLC now owns 1,448 shares of the airline’s stock valued at $47,000 after buying an additional 585 shares during the period. Counterpoint Mutual Funds LLC bought a new position in shares of Southwest Airlines during the second quarter worth about $304,000. Finally, Golden State Equity Partners raised its position in shares of Southwest Airlines by 9.7% during the second quarter. Golden State Equity Partners now owns 10,410 shares of the airline’s stock worth $338,000 after acquiring an additional 919 shares during the last quarter. Institutional investors own 80.82% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Evercore ISI upped their target price on Southwest Airlines from $34.00 to $35.00 and gave the company an “in-line” rating in a report on Monday. JPMorgan Chase & Co. upped their price objective on shares of Southwest Airlines from $28.00 to $35.00 and gave the company an “overweight” rating in a research note on Friday, September 12th. UBS Group increased their price objective on shares of Southwest Airlines from $27.00 to $34.00 and gave the stock a “neutral” rating in a research report on Monday, July 7th. HSBC lowered shares of Southwest Airlines from a “hold” rating to a “reduce” rating in a report on Thursday, July 24th. Finally, Jefferies Financial Group increased their price target on Southwest Airlines from $30.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Southwest Airlines presently has an average rating of “Hold” and an average price target of $33.31.

Insiders Place Their Bets

In other Southwest Airlines news, Director Gregg A. Saretsky bought 3,345 shares of the stock in a transaction that occurred on Wednesday, August 6th. The shares were bought at an average price of $30.03 per share, for a total transaction of $100,450.35. Following the acquisition, the director directly owned 23,644 shares of the company’s stock, valued at approximately $710,029.32. The trade was a 16.48% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Sarah Feinberg purchased 1,500 shares of the business’s stock in a transaction on Tuesday, August 5th. The shares were bought at an average price of $30.01 per share, with a total value of $45,015.00. Following the purchase, the director directly owned 14,229 shares in the company, valued at approximately $427,012.29. The trade was a 11.78% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.79% of the company’s stock.

Southwest Airlines Price Performance

Shares of NYSE LUV opened at $32.33 on Friday. The firm has a market capitalization of $16.98 billion, a P/E ratio of 48.99, a P/E/G ratio of 0.85 and a beta of 1.21. The firm’s 50-day moving average price is $31.66 and its 200-day moving average price is $31.54. The company has a current ratio of 0.56, a quick ratio of 0.49 and a debt-to-equity ratio of 0.51. Southwest Airlines Co. has a 1-year low of $23.82 and a 1-year high of $37.96.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Wednesday, July 23rd. The airline reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08). The firm had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $7.30 billion. Southwest Airlines had a net margin of 1.43% and a return on equity of 6.27%. The business’s quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 earnings per share. Equities research analysts anticipate that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.72 annualized dividend and a yield of 2.2%. Southwest Airlines’s dividend payout ratio (DPR) is presently 109.09%.

Southwest Airlines announced that its Board of Directors has initiated a stock buyback program on Wednesday, July 23rd that authorizes the company to buyback $2.00 billion in shares. This buyback authorization authorizes the airline to reacquire up to 9.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Southwest Airlines Profile

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.