Southwest Airlines Co. (NYSE:LUV) Holdings Lifted by Opal Wealth Advisors LLC

Opal Wealth Advisors LLC grew its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 8.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,965 shares of the airline’s stock after acquiring an additional 694 shares during the period. Opal Wealth Advisors LLC’s holdings in Southwest Airlines were worth $301,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Savant Capital LLC increased its position in Southwest Airlines by 13.3% during the fourth quarter. Savant Capital LLC now owns 16,503 shares of the airline’s stock worth $555,000 after buying an additional 1,941 shares during the last quarter. Kestra Private Wealth Services LLC increased its position in Southwest Airlines by 62.4% in the 4th quarter. Kestra Private Wealth Services LLC now owns 15,976 shares of the airline’s stock worth $537,000 after buying an additional 6,138 shares during the period. Empowered Funds LLC bought a new stake in shares of Southwest Airlines in the fourth quarter valued at approximately $233,000. Golden State Wealth Management LLC acquired a new stake in shares of Southwest Airlines in the fourth quarter worth $64,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Southwest Airlines by 4.1% in the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 33,690 shares of the airline’s stock valued at $1,133,000 after buying an additional 1,317 shares during the period. 80.82% of the stock is owned by hedge funds and other institutional investors.

Southwest Airlines Trading Down 0.3 %

NYSE:LUV opened at $30.98 on Monday. The firm has a fifty day simple moving average of $32.83 and a two-hundred day simple moving average of $30.55. Southwest Airlines Co. has a 12 month low of $23.58 and a 12 month high of $36.12. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $18.58 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 0.97 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. Analysts expect that Southwest Airlines Co. will post 1.59 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a $0.18 dividend. The ex-dividend date is Wednesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. Southwest Airlines’s payout ratio is currently 100.00%.

Insider Activity at Southwest Airlines

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

Analyst Upgrades and Downgrades

LUV has been the subject of a number of analyst reports. Raymond James raised their price target on shares of Southwest Airlines from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, December 30th. UBS Group increased their price objective on Southwest Airlines from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. Susquehanna reduced their target price on shares of Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lifted their price target on shares of Southwest Airlines from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Finally, Bank of America reissued an “underperform” rating and issued a $31.00 target price (down from $33.00) on shares of Southwest Airlines in a report on Friday, January 17th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.08.

Southwest Airlines Company 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.