Southwest Airlines Co. (NYSE:LUV) Shares Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd raised its position in shares of Southwest Airlines Co. (NYSE:LUV - Free Report) by 325.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 203,569 shares of the airline's stock after buying an additional 155,741 shares during the period. WINTON GROUP Ltd's holdings in Southwest Airlines were worth $6,844,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Southwest Airlines in the fourth quarter valued at $26,000. Raleigh Capital Management Inc. increased its holdings in Southwest Airlines by 186.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline's stock worth $30,000 after purchasing an additional 575 shares during the period. TD Private Client Wealth LLC increased its holdings in 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 purchasing an additional 345 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Southwest Airlines in the 4th quarter valued at about $42,000. Finally, Millstone Evans Group LLC purchased a new position in shares of Southwest Airlines in the 4th quarter valued at about $53,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Stock Performance

NYSE LUV traded down $0.05 during trading on Monday, reaching $33.54. The company's stock had a trading volume of 4,057,091 shares, compared to its average volume of 10,726,702. The business's fifty day moving average price is $31.33 and its 200-day moving average price is $31.56. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.92. The firm has a market cap of $19.88 billion, a price-to-earnings ratio of 46.60, a P/E/G ratio of 0.97 and a beta of 1.10.

Remove Ads

Southwest Airlines (NYSE:LUV - Get Free Report) last posted its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, beating the consensus estimate 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 anticipate that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.15%. The ex-dividend date is Wednesday, March 12th. Southwest Airlines's dividend payout ratio is presently 100.00%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Argus raised shares of Southwest Airlines from a "hold" rating to a "buy" rating and set a $35.00 target price on the stock in a report on Tuesday, February 11th. Melius upgraded shares of Southwest Airlines from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Morgan Stanley reissued an "overweight" rating and issued a $42.00 target price on shares of Southwest Airlines in a report on Wednesday, December 11th. JPMorgan Chase & Co. lifted their price target on Southwest Airlines from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Tuesday, March 18th. Finally, TD Cowen increased their price objective on Southwest Airlines from $25.00 to $28.00 and gave the company a "hold" rating in a report on Friday, December 6th. Five research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Southwest Airlines has an average rating of "Hold" and a consensus target price of $32.54.

Insider Buying and Selling at Southwest Airlines

In other news, Director C. David Cush bought 5,000 shares of Southwest Airlines stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $30.03 per share, for a total transaction of $150,150.00. Following the purchase, the director now owns 19,011 shares of the company's stock, valued at approximately $570,900.33. The trade was a 35.69 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.33% of the stock is currently owned by corporate insiders.

Southwest Airlines 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.