Mutual Advisors LLC Has $1.28 Million Holdings in Southwest Airlines Co. (NYSE:LUV)

Mutual Advisors LLC trimmed its position in shares of Southwest Airlines Co. (NYSE:LUV) by 6.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 39,816 shares of the airline’s stock after selling 2,636 shares during the period. Mutual Advisors LLC’s holdings in Southwest Airlines were worth $1,280,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in LUV. Ashton Thomas Securities LLC purchased a new position in shares of Southwest Airlines during the third quarter valued at $33,000. TD Private Client Wealth LLC grew its stake in Southwest Airlines by 41.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock valued at $35,000 after acquiring an additional 345 shares in the last quarter. CVA Family Office LLC increased its holdings in shares of Southwest Airlines by 60.6% in the 3rd quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock valued at $49,000 after purchasing an additional 627 shares during the period. New England Capital Financial Advisors LLC lifted its position in shares of Southwest Airlines by 35.3% in the third quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock worth $57,000 after purchasing an additional 502 shares in the last quarter. Finally, City State Bank boosted its holdings in shares of Southwest Airlines by 55.8% during the third quarter. City State Bank now owns 1,955 shares of the airline’s stock worth $58,000 after purchasing an additional 700 shares during the period. 80.82% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on LUV. Bank of America reiterated an “underperform” rating and issued a $31.00 target price (down previously from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. TD Cowen increased their price objective on Southwest Airlines from $25.00 to $28.00 and gave the stock a “hold” rating in a report on Friday, December 6th. The Goldman Sachs Group restated a “sell” rating and issued a $28.00 target price on shares of Southwest Airlines in a research note on Friday, November 15th. JPMorgan Chase & Co. raised their price target on Southwest Airlines from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Finally, Raymond James boosted their price target on Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research note on Monday, December 30th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.31.

Insider Buying and Selling at Southwest Airlines

In related news, insider Linda B. Rutherford sold 3,849 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $34.40, for a total value of $132,405.60. Following the completion of the transaction, the insider now directly owns 89,376 shares in the company, valued at approximately $3,074,534.40. This represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Elliott Investment Management sold 1,203,920 shares of Southwest Airlines stock in a transaction on Monday, October 28th. The stock was sold at an average price of $29.83, for a total transaction of $35,912,933.60. Following the sale, the insider now owns 59,912,580 shares in the company, valued at $1,787,192,261.40. This represents a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company’s stock.

Southwest Airlines Trading Up 0.6 %

Shares of NYSE:LUV opened at $32.12 on Friday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.83 and a current ratio of 0.88. The stock’s 50-day moving average is $33.01 and its 200-day moving average is $30.28. The company has a market cap of $19.26 billion, a P/E ratio of -458.89, a P/E/G ratio of 3.30 and a beta of 1.14. Southwest Airlines Co. has a 52-week low of $23.58 and a 52-week high of $36.12.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.15 EPS for the quarter, topping the consensus estimate of $0.05 by $0.10. Southwest Airlines had a positive return on equity of 4.56% and a negative net margin of 0.06%. The company had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the business posted $0.38 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities research analysts predict that Southwest Airlines Co. will post 0.84 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 26th were paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.24%. The ex-dividend date was Thursday, December 26th. Southwest Airlines’s payout ratio is currently -1,028.57%.

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.