Swiss National Bank Has $14.23 Million Position in Southwest Airlines Co. (NYSE:LUV)

Swiss National Bank decreased its stake in Southwest Airlines Co. (NYSE:LUV - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 423,100 shares of the airline's stock after selling 19,400 shares during the quarter. Swiss National Bank owned 0.07% of Southwest Airlines worth $14,225,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC bought a new stake in shares of Southwest Airlines in the fourth quarter worth about $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Southwest Airlines by 186.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline's stock worth $30,000 after acquiring an additional 575 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in shares of Southwest Airlines by 41.1% in the third quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline's stock worth $35,000 after acquiring an additional 345 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Southwest Airlines by 90.0% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,642 shares of the airline's stock worth $55,000 after acquiring an additional 778 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Southwest Airlines by 34.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,770 shares of the airline's stock worth $60,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company's stock.

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Analyst Ratings Changes

Several brokerages have issued reports on LUV. Susquehanna lowered their price target on Southwest Airlines from $38.00 to $34.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. TD Cowen increased their price objective on Southwest Airlines from $25.00 to $28.00 and gave the stock a "hold" rating in a report on Friday, December 6th. JPMorgan Chase & Co. increased their price objective on Southwest Airlines from $25.00 to $30.00 and gave the stock an "underweight" rating in a report on Tuesday, March 18th. Sanford C. Bernstein increased their price objective on Southwest Airlines from $30.00 to $33.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. Finally, Raymond James increased their price objective on Southwest Airlines from $36.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, December 30th. Five research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $32.52.

Southwest Airlines Stock Up 2.0 %

NYSE LUV traded up $0.69 during trading hours on Friday, hitting $34.84. 21,659,775 shares of the company traded hands, compared to its average volume of 9,100,472. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. The stock has a market capitalization of $20.65 billion, a price-to-earnings ratio of 48.39, a P/E/G ratio of 0.97 and a beta of 1.10. The business's 50-day moving average is $31.16 and its 200-day moving average is $31.38. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.92.

Southwest Airlines (NYSE:LUV - Get Free Report) last released 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 return on equity of 5.77% and a net margin of 1.69%. Sell-side analysts anticipate that Southwest Airlines Co. will post 1.55 earnings per share for the current year.

Southwest Airlines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. Southwest Airlines's payout ratio is 100.00%.

Insider Activity

In other news, Director C. David Cush purchased 5,000 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was acquired at an average cost of $30.03 per share, with a total value of $150,150.00. Following the acquisition, the director now owns 19,011 shares in the company, valued at approximately $570,900.33. This trade represents a 35.69 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.33% of the company's stock.

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.