Southwest Airlines Co. (NYSE:LUV) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP trimmed its position in Southwest Airlines Co. (NYSE:LUV) by 30.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,042,900 shares of the airline’s stock after selling 447,800 shares during the period. Southwest Airlines makes up approximately 10.2% of Oldfield Partners LLP’s holdings, making the stock its 6th biggest holding. Oldfield Partners LLP owned 0.17% of Southwest Airlines worth $35,062,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Raleigh Capital Management Inc. lifted its stake in shares of Southwest Airlines by 186.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock worth $30,000 after buying an additional 575 shares during the period. Ashton Thomas Securities LLC purchased a new position in shares of Southwest Airlines during the third quarter worth $33,000. TD Private Client Wealth LLC raised its holdings in shares of Southwest Airlines by 41.1% during the third quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock worth $35,000 after purchasing an additional 345 shares during the last quarter. CVA Family Office LLC raised its holdings in shares of Southwest Airlines by 60.6% during the third quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock worth $49,000 after purchasing an additional 627 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its holdings in shares of Southwest Airlines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,770 shares of the airline’s stock worth $60,000 after purchasing an additional 450 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Stock Performance

Shares of NYSE LUV opened at $32.04 on Wednesday. The company has a market cap of $19.21 billion, a PE ratio of -455.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. Southwest Airlines Co. has a 12 month low of $23.58 and a 12 month high of $36.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.83. The company has a 50-day simple moving average of $33.01 and a 200-day simple moving average of $30.39.

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 given a $0.18 dividend. The ex-dividend date was Thursday, December 26th. This represents a $0.72 annualized dividend and a dividend yield of 2.25%. Southwest Airlines’s dividend payout ratio is presently -1,028.57%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LUV shares. StockNews.com raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Susquehanna boosted their target price on shares of Southwest Airlines from $33.00 to $38.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. JPMorgan Chase & Co. upped their price objective on shares of Southwest Airlines from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Morgan Stanley restated an “overweight” rating and issued a $42.00 price objective on shares of Southwest Airlines in a report on Wednesday, December 11th. Finally, TD Cowen upped their target price on shares of Southwest Airlines from $25.00 to $28.00 and gave the stock a “hold” rating in a research note on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $32.31.

Insider Buying and Selling

In other news, insider Linda B. Rutherford sold 3,849 shares of Southwest Airlines stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now owns 89,376 shares in the company, valued at $3,074,534.40. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.