Southwest Airlines Co. (NYSE:LUV) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP reduced its position in shares of Southwest Airlines Co. (NYSE:LUV - Free Report) by 30.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,042,900 shares of the airline's stock after selling 447,800 shares during the quarter. Southwest Airlines accounts for 10.2% of Oldfield Partners LLP's investment portfolio, making the stock its 6th biggest holding. Oldfield Partners LLP owned about 0.17% of Southwest Airlines worth $35,062,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Raleigh Capital Management Inc. lifted 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 worth $30,000 after purchasing an additional 575 shares during the last quarter. Ashton Thomas Securities LLC acquired a new position in Southwest Airlines in the third quarter worth $33,000. TD Private Client Wealth LLC boosted its holdings in Southwest Airlines by 41.1% in the third quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline's stock valued at $35,000 after acquiring an additional 345 shares during the last quarter. CVA Family Office LLC grew its holdings in Southwest Airlines by 60.6% during the 3rd quarter. CVA Family Office LLC now owns 1,661 shares of the airline's stock worth $49,000 after acquiring an additional 627 shares during the period. Finally, New England Capital Financial Advisors LLC increased its position in shares of Southwest Airlines by 35.3% in the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline's stock valued at $57,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company's stock.

Insider Activity

In related news, insider Linda B. Rutherford sold 3,849 shares of Southwest Airlines stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $34.40, for a total value of $132,405.60. Following the transaction, the insider now directly owns 89,376 shares of the company's stock, valued at $3,074,534.40. This trade represents a 4.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.33% of the company's stock.

Southwest Airlines Stock Performance

Shares of Southwest Airlines stock traded down $0.58 during trading on Friday, reaching $30.68. The company's stock had a trading volume of 11,303,176 shares, compared to its average volume of 7,106,891. The company has a quick ratio of 0.83, a current ratio of 0.88 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $32.97 and its 200-day moving average price is $30.43. Southwest Airlines Co. has a 52 week low of $23.58 and a 52 week high of $36.12. The firm has a market cap of $18.40 billion, a PE ratio of -438.26, a P/E/G ratio of 3.35 and a beta of 1.14.

Southwest Airlines (NYSE:LUV - Get Free Report) last posted its quarterly earnings data 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 negative net margin of 0.06% and a positive return on equity of 4.56%. Equities analysts forecast that Southwest Airlines Co. will post 0.84 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 26th were issued a $0.18 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $0.72 annualized dividend and a yield of 2.35%. Southwest Airlines's dividend payout ratio is presently -1,028.57%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on LUV. TD Cowen boosted 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. Raymond James lifted their price target on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an "outperform" rating in a research note on Monday, December 30th. Susquehanna increased their price objective on shares of Southwest Airlines from $33.00 to $38.00 and gave the stock a "neutral" rating in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their target price on shares of Southwest Airlines from $20.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Finally, Jefferies Financial Group raised shares of Southwest Airlines from an "underperform" rating to a "hold" rating and upped their price target for the stock from $24.00 to $32.00 in a research report on Wednesday, October 9th. Six analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $32.31.

About Southwest Airlines

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.