Quantinno Capital Management LP Cuts Stake in Southwest Airlines Co. (NYSE:LUV)

Quantinno Capital Management LP cut its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 65.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 48,010 shares of the airline's stock after selling 92,151 shares during the quarter. Quantinno Capital Management LP's holdings in Southwest Airlines were worth $1,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC purchased a new stake in Southwest Airlines in the second quarter valued at approximately $29,000. Ashton Thomas Securities LLC bought a new position in shares of Southwest Airlines in the 3rd quarter worth $33,000. Innealta Capital LLC purchased a new stake in shares of Southwest Airlines during the 2nd quarter valued at $33,000. AM Squared Ltd bought a new stake in shares of Southwest Airlines during the 2nd quarter worth $37,000. Finally, CVA Family Office LLC grew its position in Southwest Airlines by 60.6% in the third quarter. CVA Family Office LLC now owns 1,661 shares of the airline's stock worth $49,000 after acquiring an additional 627 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, Director Rakesh Gangwal purchased 643,788 shares of the firm's stock in a transaction that occurred on Tuesday, October 1st. The stock was bought at an average cost of $29.98 per share, for a total transaction of $19,300,764.24. Following the purchase, the director now directly owns 3,606,311 shares in the company, valued at $108,117,203.78. The trade was a 21.73 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Elliott Investment Management sold 1,203,920 shares of the business's stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $29.83, for a total transaction of $35,912,933.60. Following the sale, the insider now directly owns 59,912,580 shares in the company, valued at $1,787,192,261.40. The trade was a 1.97 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LUV shares. Barclays raised their price target on Southwest Airlines from $32.00 to $35.00 and gave the company an "equal weight" rating in a research report on Friday, December 6th. Morgan Stanley restated an "overweight" rating and issued a $42.00 target price on shares of Southwest Airlines in a research report on Wednesday. Sanford C. Bernstein upped their target price on Southwest Airlines from $30.00 to $33.00 and gave the stock a "market perform" rating in a research note on Wednesday. StockNews.com raised shares of Southwest Airlines from a "sell" rating to a "hold" rating in a research note on Monday, October 28th. Finally, BNP Paribas raised shares of Southwest Airlines to a "strong sell" rating in a research note on Thursday, September 19th. Four investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $31.37.

Southwest Airlines Trading Down 0.7 %

Shares of LUV stock traded down $0.22 during trading hours on Friday, reaching $33.01. The company's stock had a trading volume of 5,863,838 shares, compared to its average volume of 9,076,443. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $19.80 billion, a P/E ratio of -471.71, a P/E/G ratio of 7.66 and a beta of 1.16. The firm's fifty day simple moving average is $31.67 and its 200 day simple moving average is $29.18. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $36.12.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.10. Southwest Airlines had a negative net margin of 0.06% and a positive return on equity of 4.56%. The business had revenue of $6.87 billion for the quarter, compared to the consensus estimate of $6.77 billion. During the same period in the previous year, the firm earned $0.38 EPS. The company's quarterly revenue was up 5.3% compared to the same quarter last year. Equities research analysts expect that Southwest Airlines Co. will post 0.76 EPS for the current year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, December 26th will be issued a $0.18 dividend. The ex-dividend date is Thursday, December 26th. This represents a $0.72 annualized dividend and a yield of 2.18%. Southwest Airlines's dividend payout ratio (DPR) is presently -1,028.57%.

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.