Opal Wealth Advisors LLC acquired a new position in Southwest Airlines Co. (NYSE:LUV – Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission on Form 13F. The institutional investor bought 4,147 shares of the airline’s stock valued at approximately $119,000.
A number of other large investors have also recently changed their holdings in LUV. Czech National Bank increased its holdings in Southwest Airlines by 0.6% in the 1st quarter. Czech National Bank now owns 104,990 shares of the airline’s stock valued at $3,065,000 after acquiring an additional 585 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Southwest Airlines by 14.6% in the 1st quarter. GAMMA Investing LLC now owns 4,680 shares of the airline’s stock valued at $137,000 after acquiring an additional 595 shares in the last quarter. Artisan Partners Limited Partnership increased its holdings in shares of Southwest Airlines by 0.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 10,790,654 shares of the airline’s stock valued at $311,634,000 after acquiring an additional 47,119 shares during the same period. Polianta Ltd acquired a new stake in Southwest Airlines during the first quarter valued at about $1,223,000. Finally, Tidal Investments LLC increased its stake in Southwest Airlines by 26.0% during the first quarter. Tidal Investments LLC now owns 100,351 shares of the airline’s stock valued at $2,931,000 after acquiring an additional 20,694 shares during the same period. 80.82% of the shares are held by institutional investors and hedge funds.
Southwest Airlines records an increase of 0.4%
NYSE:LUV opened at $25.33 on Friday. The stock’s 50-day moving average is $27.51 and its 200-day moving average is $28.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.90 and a quick ratio of 0.85. The stock has a market cap of $15.18 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 15.21 and a beta of 1.15. Southwest Airlines Co. has a 52-week low of $21.91 and a 52-week high of $35.18.
Southwest Airlines (NYSE:LUV – Get Free Report) last announced its quarterly earnings results on Thursday, July 25. The airline reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. The company had revenue of $7.40 billion for the quarter, compared to the consensus estimate of $7.32 billion. Southwest Airlines had a net margin of 0.41% and a return on equity of 5.92%. The company’s revenue grew 5.2% year over year. During the same period last year, the company posted earnings per share of $1.09. As a group, equities analysts forecast that Southwest Airlines Co. will post earnings per share of $0.35 for the current fiscal year.
Southwest Airlines announces dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will receive a dividend of $0.18 per share, with the ex-dividend date being Wednesday, September 4th. This represents an annualized dividend of $0.72 and a dividend yield of 2.84%. Southwest Airlines’ dividend payout ratio is 114.29%.
Wall Street analysts predict growth
Several analysts have recently commented on the company. Argus reiterated a “hold” rating on shares of Southwest Airlines in a research note on Tuesday, May 28. Susquehanna decreased their price target on shares of Southwest Airlines from $27.00 to $25.00 and gave a “neutral” rating for the company in a report on Tuesday, April 30. Raymond James reiterated an “outperform” rating and issued a $30.00 price target (up from $33.00) on shares of Southwest Airlines in a research report on Friday, April 26. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and gave a $29.00 price target (up from $32.00) on shares of Southwest Airlines in a report on Friday, July 26. Finally, TD Cowen decreased their price target on shares of Southwest Airlines from $26.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, July 17. Four equities analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.47.
Check out our latest report on Southwest Airlines
About Southwest Airlines
(Free report)
Southwest Airlines Co is a passenger airline that provides scheduled airline services in the United States and 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 international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and the Turks and Caicos Islands.
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