Coldstream Capital Management Inc. Cuts Stake in Southwest Airlines Co. $LUV

Coldstream Capital Management Inc. cut its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 21.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,258 shares of the airline’s stock after selling 2,017 shares during the period. Coldstream Capital Management Inc.’s holdings in Southwest Airlines were worth $235,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in LUV. Ameriflex Group Inc. increased its position in Southwest Airlines by 7.1% during the 2nd quarter. Ameriflex Group Inc. now owns 4,690 shares of the airline’s stock valued at $148,000 after buying an additional 310 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in shares of Southwest Airlines by 0.5% during the first quarter. PNC Financial Services Group Inc. now owns 76,719 shares of the airline’s stock worth $2,576,000 after acquiring an additional 345 shares during the last quarter. Horizon Investments LLC increased its holdings in shares of Southwest Airlines by 4.5% during the first quarter. Horizon Investments LLC now owns 8,590 shares of the airline’s stock valued at $288,000 after acquiring an additional 369 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Southwest Airlines by 6.1% in the 2nd quarter. Foundations Investment Advisors LLC now owns 6,547 shares of the airline’s stock valued at $212,000 after purchasing an additional 374 shares during the last quarter. Finally, Wallace Advisory Group LLC raised its position in shares of Southwest Airlines by 3.6% in the 2nd quarter. Wallace Advisory Group LLC now owns 11,050 shares of the airline’s stock valued at $371,000 after purchasing an additional 386 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on LUV. TD Cowen upped their price target on shares of Southwest Airlines from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Friday, October 3rd. UBS Group dropped their price objective on shares of Southwest Airlines from $35.00 to $33.00 and set a “neutral” rating on the stock in a report on Friday, October 24th. Jefferies Financial Group raised their target price on Southwest Airlines from $30.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, October 1st. Wall Street Zen upgraded Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Saturday, October 25th. Finally, Susquehanna increased their price objective on Southwest Airlines from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Four investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $33.80.

Southwest Airlines Stock Performance

NYSE LUV opened at $35.15 on Friday. The firm has a market capitalization of $18.18 billion, a P/E ratio of 54.08, a PEG ratio of 0.75 and a beta of 1.23. The stock has a 50-day simple moving average of $32.50 and a two-hundred day simple moving average of $32.55. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.49. Southwest Airlines Co. has a fifty-two week low of $23.82 and a fifty-two week high of $37.96.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Tuesday, February 6th. The airline reported ($0.38) EPS for the quarter. The company had revenue of $6.17 billion for the quarter. Southwest Airlines had a return on equity of 6.39% and a net margin of 1.38%. On average, equities analysts forecast that Southwest Airlines Co. will post 1.55 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.0%. The ex-dividend date of this dividend is Friday, December 26th. Southwest Airlines’s payout ratio is 110.77%.

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.