Southwest Airlines Co. (NYSE:LUV) Shares Acquired by Raleigh Capital Management Inc.

Raleigh Capital Management Inc. raised its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 186.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 883 shares of the airline’s stock after purchasing an additional 575 shares during the period. Raleigh Capital Management Inc.’s holdings in Southwest Airlines were worth $30,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Ashton Thomas Securities LLC acquired a new position in shares of Southwest Airlines during the third quarter worth $33,000. TD Private Client Wealth LLC increased its position in shares of Southwest Airlines by 41.1% during the third 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 in the last quarter. CVA Family Office LLC increased its position in shares of Southwest Airlines by 60.6% during the third quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock worth $49,000 after purchasing an additional 627 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its position in shares of Southwest Airlines by 34.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,770 shares of the airline’s stock worth $60,000 after purchasing an additional 450 shares in the last quarter. Finally, New England Capital Financial Advisors LLC increased its position in shares of Southwest Airlines by 35.3% during the third quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock worth $57,000 after purchasing an additional 502 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently issued reports on LUV. JPMorgan Chase & Co. upped their target price on Southwest Airlines from $20.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. StockNews.com raised Southwest Airlines from a “sell” rating to a “hold” rating in a research report on Monday, October 28th. TD Cowen upped their target price on Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Barclays upped their target price 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. Finally, Susquehanna upped their target price on Southwest Airlines from $33.00 to $38.00 and gave the company a “neutral” rating in a research report on Tuesday, January 7th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $32.31.

Southwest Airlines Stock Up 0.6 %

LUV opened at $32.12 on Friday. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. 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 company has a 50-day moving average price of $33.02 and a 200 day moving average price of $30.25. The company has a market cap of $19.26 billion, a PE ratio of -458.89, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.15 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.77 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue for the quarter was up 5.3% on a year-over-year basis. Sell-side analysts expect that Southwest Airlines Co. will post 0.84 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm 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 was Thursday, December 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.24%. Southwest Airlines’s payout ratio is -1,028.57%.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, major shareholder Elliott Investment Management sold 1,203,920 shares of the stock in a transaction dated Monday, October 28th. The shares were sold at an average price of $29.83, for a total value of $35,912,933.60. Following the completion of the sale, the insider now owns 59,912,580 shares in the company, valued at approximately $1,787,192,261.40. This represents a 1.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Linda B. Rutherford sold 3,849 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the completion of the sale, the insider now owns 89,376 shares of the company’s stock, valued at approximately $3,074,534.40. The trade was a 4.13 % decrease in their position. The disclosure for this sale can be found here. 0.33% of the stock is owned by insiders.

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.