Kiltearn Partners LLP Has $37.98 Million Holdings in Southwest Airlines Co. (NYSE:LUV)

Kiltearn Partners LLP trimmed its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 9.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,129,683 shares of the airline's stock after selling 121,300 shares during the quarter. Southwest Airlines comprises approximately 6.3% of Kiltearn Partners LLP's holdings, making the stock its 4th largest position. Kiltearn Partners LLP owned 0.19% of Southwest Airlines worth $37,980,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Kestra Investment Management LLC acquired a new position in shares of Southwest Airlines during the fourth quarter worth approximately $26,000. Raleigh Capital Management Inc. raised its stake in Southwest Airlines by 186.7% during 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 during 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 valued at $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 worth $42,000. Finally, Millstone Evans Group LLC bought a new position in shares of Southwest Airlines during the 4th quarter worth about $53,000. 80.82% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on LUV shares. TD Cowen increased their target price on shares of Southwest Airlines from $25.00 to $28.00 and gave the company a "hold" rating in a research note on Friday, December 6th. Raymond James raised their price objective on Southwest Airlines from $36.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, December 30th. Bank of America restated an "underperform" rating and set a $31.00 price objective (down from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. Susquehanna reduced their target price on Southwest Airlines from $38.00 to $34.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup boosted their price target on shares of Southwest Airlines from $27.00 to $30.00 and gave the company a "sell" rating in a report on Friday. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $32.32.

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Insider Buying and Selling

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

Southwest Airlines Price Performance

LUV stock traded down $1.46 during midday trading on Tuesday, reaching $32.13. 6,569,071 shares of the company's stock traded hands, compared to its average volume of 10,764,861. 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 company has a market cap of $19.04 billion, a price-to-earnings ratio of 44.63, a PEG ratio of 0.97 and a beta of 1.10. The company has a 50-day simple moving average of $31.36 and a two-hundred day simple moving average of $31.60. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12.

Southwest Airlines (NYSE:LUV - Get Free Report) last released its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share (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%. On average, analysts anticipate that Southwest Airlines Co. will post 1.55 earnings per share for the current year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.24%. Southwest Airlines's dividend payout ratio (DPR) 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.