6,000 Shares in Southwest Airlines Co. (NYSE:LUV) Bought by Eagle Bluffs Wealth Management LLC

Eagle Bluffs Wealth Management LLC acquired a new position in shares of Southwest Airlines Co. (NYSE:LUV) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,000 shares of the airline’s stock, valued at approximately $203,000.

Several other hedge funds and other institutional investors have also modified their holdings of LUV. Clearbridge Investments LLC purchased a new stake in shares of Southwest Airlines during the second quarter worth $609,000. Sanctuary Advisors LLC purchased a new stake in shares of Southwest Airlines during the second quarter worth $1,339,000. Czech National Bank raised its holdings in shares of Southwest Airlines by 7.0% during the third quarter. Czech National Bank now owns 122,054 shares of the airline’s stock worth $3,616,000 after acquiring an additional 8,013 shares in the last quarter. Smith Anglin Financial LLC raised its holdings in shares of Southwest Airlines by 8.2% during the third quarter. Smith Anglin Financial LLC now owns 144,656 shares of the airline’s stock worth $4,286,000 after acquiring an additional 10,949 shares in the last quarter. Finally, Axiom Advisory LLC raised its holdings in shares of Southwest Airlines by 2.1% during the third quarter. Axiom Advisory LLC now owns 18,306 shares of the airline’s stock worth $507,000 after acquiring an additional 375 shares in the last quarter. 80.82% of the stock is currently owned by hedge funds and other institutional investors.

Southwest Airlines Price Performance

LUV stock opened at $30.68 on Friday. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. The business’s 50-day simple moving average is $32.97 and its 200 day simple moving average is $30.43. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.83.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Southwest Airlines had a positive return on equity of 4.56% and a negative net margin of 0.06%. Sell-side analysts predict that Southwest Airlines Co. will post 0.84 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, December 26th. Southwest Airlines’s payout ratio is -1,028.57%.

Wall Street Analyst Weigh In

LUV has been the topic of several recent research reports. UBS Group raised their target price on Southwest Airlines from $27.00 to $29.00 and gave the company a “sell” rating in a report on Tuesday, January 7th. StockNews.com upgraded Southwest Airlines from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Sanford C. Bernstein raised their target price on Southwest Airlines from $30.00 to $33.00 and gave the company a “market perform” rating in a report on Wednesday, December 11th. Morgan Stanley restated an “overweight” rating and set a $42.00 target price on shares of Southwest Airlines in a report on Wednesday, December 11th. Finally, Jefferies Financial Group upgraded Southwest Airlines from an “underperform” rating to a “hold” rating and raised their target price for the company from $24.00 to $32.00 in a report on Wednesday, October 9th. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $32.31.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of Southwest Airlines stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now directly owns 89,376 shares of the company’s stock, valued at approximately $3,074,534.40. The trade was a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.33% of the company’s stock.

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.