Aster Capital Management DIFC Ltd Has $70,000 Holdings in Southwest Airlines Co. (NYSE:LUV)

Aster Capital Management DIFC Ltd trimmed its holdings in Southwest Airlines Co. (NYSE:LUV - Free Report) by 92.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,079 shares of the airline's stock after selling 24,471 shares during the quarter. Aster Capital Management DIFC Ltd's holdings in Southwest Airlines were worth $70,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. TD Private Client Wealth LLC boosted its holdings in shares of Southwest Airlines by 41.1% in the third 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. Avior Wealth Management LLC boosted its stake in Southwest Airlines by 3.8% during the 4th quarter. Avior Wealth Management LLC now owns 10,116 shares of the airline's stock valued at $340,000 after purchasing an additional 369 shares in the last quarter. V Square Quantitative Management LLC increased its position in shares of Southwest Airlines by 3.9% during the 4th quarter. V Square Quantitative Management LLC now owns 9,822 shares of the airline's stock valued at $330,000 after purchasing an additional 369 shares during the period. Diversify Wealth Management LLC raised its stake in shares of Southwest Airlines by 2.6% in the 4th quarter. Diversify Wealth Management LLC now owns 16,135 shares of the airline's stock worth $534,000 after buying an additional 409 shares in the last quarter. Finally, Independent Advisor Alliance lifted its holdings in shares of Southwest Airlines by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 12,853 shares of the airline's stock valued at $432,000 after buying an additional 422 shares during the period. 80.82% of the stock is currently owned by institutional investors and hedge funds.

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Southwest Airlines Stock Down 1.7 %

LUV stock traded down $0.44 during mid-day trading on Monday, hitting $25.75. The stock had a trading volume of 2,345,727 shares, compared to its average volume of 9,828,695. The stock has a market capitalization of $14.78 billion, a price-to-earnings ratio of 35.76, a PEG ratio of 0.97 and a beta of 0.94. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The company has a fifty day moving average of $30.43 and a 200 day moving average of $31.46.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, beating 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%. On average, equities analysts expect that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $0.72 dividend on an annualized basis and a yield of 2.80%. Southwest Airlines's payout ratio is currently 100.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on LUV shares. Barclays dropped their price target on shares of Southwest Airlines from $35.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. UBS Group cut their target price on shares of Southwest Airlines from $36.00 to $27.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Argus upgraded Southwest Airlines from a "hold" rating to a "buy" rating and set a $35.00 price objective for the company in a research report on Tuesday, February 11th. Jefferies Financial Group lowered Southwest Airlines from a "hold" rating to an "underperform" rating and set a $28.00 price objective for the company. in a research note on Tuesday, April 1st. Finally, Susquehanna cut their target price on Southwest Airlines from $34.00 to $25.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $31.27.

Insider Buying and Selling at Southwest Airlines

In other news, Director C. David Cush acquired 5,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $30.03 per share, with a total value of $150,150.00. Following the acquisition, the director now owns 19,011 shares in the company, valued at approximately $570,900.33. This represents a 35.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.33% of the company's stock.

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.