Country Club Bank Has $4.59 Million Stake in Southwest Airlines Co. $LUV

Country Club Bank increased its position in shares of Southwest Airlines Co. (NYSE:LUV) by 37.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 140,180 shares of the airline’s stock after acquiring an additional 38,219 shares during the period. Country Club Bank’s holdings in Southwest Airlines were worth $4,592,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. RWA Wealth Partners LLC acquired a new stake in Southwest Airlines during the 2nd quarter worth approximately $1,652,000. Fort Washington Investment Advisors Inc. OH increased its position in Southwest Airlines by 1.5% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 1,258,993 shares of the airline’s stock valued at $40,842,000 after acquiring an additional 18,270 shares during the period. Howard Capital Management Inc. raised its stake in shares of Southwest Airlines by 8.3% during the second quarter. Howard Capital Management Inc. now owns 127,218 shares of the airline’s stock valued at $4,150,000 after acquiring an additional 9,739 shares during the last quarter. Contravisory Investment Management Inc. acquired a new position in shares of Southwest Airlines during the second quarter worth $530,000. Finally, Gradient Investments LLC lifted its holdings in shares of Southwest Airlines by 4.5% during the second quarter. Gradient Investments LLC now owns 548,423 shares of the airline’s stock worth $17,791,000 after purchasing an additional 23,381 shares during the period. 80.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

LUV has been the subject of several analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southwest Airlines in a research report on Monday. Susquehanna raised their price objective on Southwest Airlines from $30.00 to $35.00 and gave the stock a “neutral” rating in a research report on Friday, October 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Southwest Airlines from $40.00 to $48.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Evercore ISI increased their target price on shares of Southwest Airlines from $34.00 to $35.00 and gave the company an “in-line” rating in a research report on Monday, September 29th. Finally, Wall Street Zen upgraded shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Saturday, October 25th. Five investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.59.

Southwest Airlines Stock Down 2.6%

Shares of Southwest Airlines stock opened at $41.07 on Thursday. The stock’s 50-day moving average is $34.09 and its 200 day moving average is $33.13. Southwest Airlines Co. has a one year low of $23.82 and a one year high of $43.54. The firm has a market cap of $21.24 billion, a price-to-earnings ratio of 63.19, a PEG ratio of 0.85 and a beta of 1.17. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.42.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Tuesday, February 6th. The airline reported ($0.38) earnings per share (EPS) for the quarter. The business had revenue of $6.17 billion during the quarter. Southwest Airlines had a net margin of 1.38% and a return on equity of 6.39%. Equities research analysts anticipate that Southwest Airlines Co. will post 1.55 EPS for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 26th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.72 annualized dividend and a yield of 1.8%. Southwest Airlines’s dividend payout ratio is currently 110.77%.

About Southwest Airlines

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.