Southwest Airlines Co. (NYSE:LUV) Holdings Raised by National Bank of Canada FI

National Bank of Canada FI boosted its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 1,327.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,840,529 shares of the airline's stock after buying an additional 2,641,564 shares during the period. National Bank of Canada FI owned approximately 0.47% of Southwest Airlines worth $95,499,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of Southwest Airlines during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. boosted its holdings in Southwest Airlines by 186.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline's stock valued at $30,000 after purchasing an additional 575 shares in the last quarter. Sanctuary Wealth Management L.L.C. increased its position in Southwest Airlines by 196.3% during the 4th quarter. Sanctuary Wealth Management L.L.C. now owns 889 shares of the airline's stock worth $30,000 after purchasing an additional 589 shares during the period. TD Private Client Wealth LLC raised its stake in shares of Southwest Airlines by 41.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline's stock worth $35,000 after buying an additional 345 shares in the last quarter. Finally, VSM Wealth Advisory LLC acquired a new stake in shares of Southwest Airlines in the 4th quarter valued at approximately $42,000. 80.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays upped their price objective on Southwest Airlines from $32.00 to $35.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Bank of America reiterated an "underperform" rating and issued a $31.00 price target (down previously from $33.00) on shares of Southwest Airlines in a report on Friday, January 17th. Raymond James raised their price objective on shares of Southwest Airlines from $40.00 to $42.00 and gave the company an "outperform" rating in a research note on Wednesday. Susquehanna lowered their target price on shares of Southwest Airlines from $38.00 to $34.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, Morgan Stanley reiterated an "overweight" rating and set a $42.00 price target on shares of Southwest Airlines in a research report on Wednesday, December 11th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Southwest Airlines presently has a consensus rating of "Hold" and a consensus price target of $32.43.

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Insider Buying and Selling

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

Southwest Airlines Stock Down 9.3 %

LUV traded down $2.97 during trading hours on Thursday, reaching $28.89. 18,928,098 shares of the stock traded hands, compared to its average volume of 9,592,549. Southwest Airlines Co. has a fifty-two week low of $23.58 and a fifty-two week high of $36.12. The company has a market cap of $17.12 billion, a price-to-earnings ratio of 40.12, a PEG ratio of 0.97 and a beta of 1.10. 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 firm's fifty day simple moving average is $31.26 and its two-hundred day simple moving average is $31.60.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 EPS 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%. As a group, analysts forecast that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.49%. The ex-dividend date was Wednesday, March 12th. Southwest Airlines's payout ratio is currently 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.