Corient Private Wealth LLC Has $5.14 Million Holdings in Southwest Airlines Co. (NYSE:LUV)

Corient Private Wealth LLC grew its holdings in Southwest Airlines Co. (NYSE:LUV - Free Report) by 25.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 152,900 shares of the airline's stock after acquiring an additional 30,754 shares during the period. Corient Private Wealth LLC's holdings in Southwest Airlines were worth $5,141,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Studio Investment Management LLC lifted its stake in shares of Southwest Airlines by 5.2% during the third quarter. Studio Investment Management LLC now owns 6,978 shares of the airline's stock worth $207,000 after purchasing an additional 343 shares in the last quarter. TD Private Client Wealth LLC boosted its holdings in Southwest Airlines by 41.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline's stock worth $35,000 after acquiring an additional 345 shares during the period. Avior Wealth Management LLC grew its position in Southwest Airlines by 3.8% in the fourth quarter. Avior Wealth Management LLC now owns 10,116 shares of the airline's stock valued at $340,000 after acquiring an additional 369 shares in the last quarter. V Square Quantitative Management LLC raised its stake in shares of Southwest Airlines by 3.9% during the fourth 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. Finally, Wahed Invest LLC increased its stake in Southwest Airlines by 11.5% during the 3rd quarter. Wahed Invest LLC now owns 3,638 shares of the airline's stock worth $108,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 80.82% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on LUV. TD Cowen increased their price target on Southwest Airlines from $25.00 to $28.00 and gave the company a "hold" rating in a report on Friday, December 6th. Barclays boosted their price objective on Southwest Airlines from $32.00 to $35.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Melius Research upgraded Southwest Airlines from a "sell" rating to a "hold" rating and lifted their target price for the stock from $28.00 to $34.00 in a research report on Thursday, March 20th. Susquehanna reduced their price objective on Southwest Airlines from $38.00 to $34.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Finally, Citigroup reiterated a "sell" rating and set a $29.50 target price (down previously from $31.50) on shares of Southwest Airlines in a research note on Thursday, January 16th. Five equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Southwest Airlines presently has an average rating of "Hold" and a consensus target price of $32.52.

Southwest Airlines Trading Down 0.8 %

Shares of LUV stock traded down $0.29 during trading hours on Wednesday, reaching $34.38. 8,862,176 shares of the stock traded hands, compared to its average volume of 9,132,392. The business has a fifty day moving average price of $31.23 and a 200 day moving average price of $31.46. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $20.38 billion, a PE ratio of 47.75, a PEG ratio of 0.97 and a beta of 1.10.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of $0.45 by $0.11. Southwest Airlines had a return on equity of 5.77% and a net margin of 1.69%. On average, equities research analysts forecast that Southwest Airlines Co. will post 1.55 EPS for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, March 12th. Southwest Airlines's dividend payout ratio (DPR) is currently 100.00%.

Insider Transactions at Southwest Airlines

In other news, Director C. David Cush bought 5,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $30.03 per share, with a total value of $150,150.00. Following the transaction, the director now directly owns 19,011 shares in the company, valued at approximately $570,900.33. This trade represents a 35.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is currently owned by company insiders.

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.