First Dallas Securities Inc. Sells 3,250 Shares of Southwest Airlines Co. (NYSE:LUV)

First Dallas Securities Inc. decreased its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 19.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 13,125 shares of the airline’s stock after selling 3,250 shares during the period. First Dallas Securities Inc.’s holdings in Southwest Airlines were worth $441,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Caas Capital Management LP bought a new position in Southwest Airlines in the fourth quarter valued at approximately $1,009,000. abrdn plc lifted its position in Southwest Airlines by 10.4% in the 4th quarter. abrdn plc now owns 119,113 shares of the airline’s stock valued at $4,023,000 after acquiring an additional 11,200 shares in the last quarter. Greenleaf Trust boosted its stake in Southwest Airlines by 10.1% in the 4th quarter. Greenleaf Trust now owns 7,681 shares of the airline’s stock worth $258,000 after purchasing an additional 706 shares during the period. Golden State Equity Partners increased its holdings in Southwest Airlines by 55.5% during the 4th quarter. Golden State Equity Partners now owns 8,043 shares of the airline’s stock worth $270,000 after purchasing an additional 2,870 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC acquired a new stake in shares of Southwest Airlines in the 4th quarter valued at about $203,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

Insider Buying and Selling

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of the firm’s stock in a transaction on Friday, December 6th. The shares were 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 of the company’s stock, valued at $3,074,534.40. This trade represents a 4.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $42.00 price objective on shares of Southwest Airlines in a report on Wednesday, December 11th. Raymond James lifted their price objective on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Sanford C. Bernstein increased their target price on shares of Southwest Airlines from $30.00 to $33.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. TD Cowen lifted their target price on Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Finally, JPMorgan Chase & Co. lifted their target price on Southwest Airlines from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Southwest Airlines has a consensus rating of “Hold” and an average target price of $32.31.

Southwest Airlines Trading Down 0.7 %

NYSE LUV opened at $30.50 on Tuesday. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $36.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85. The business has a 50 day simple moving average of $32.97 and a 200 day simple moving average of $30.45. The stock has a market capitalization of $18.29 billion, a P/E ratio of 42.35, a P/E/G ratio of 3.21 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data 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%. Research analysts expect that Southwest Airlines Co. will post 1.56 earnings per share for the current year.

Southwest Airlines Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, December 26th were given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.36%. The ex-dividend date of this dividend was Thursday, December 26th. Southwest Airlines’s dividend payout ratio is presently 100.00%.

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.