Leibman Financial Services Inc. Has $3.69 Million Holdings in Southwest Airlines Co. (NYSE:LUV)

Leibman Financial Services Inc. trimmed its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 30.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 109,887 shares of the airline’s stock after selling 47,558 shares during the quarter. Southwest Airlines comprises 2.7% of Leibman Financial Services Inc.’s portfolio, making the stock its 11th biggest holding. Leibman Financial Services Inc.’s holdings in Southwest Airlines were worth $3,694,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC acquired a new position in Southwest Airlines in the 2nd quarter valued at $29,000. Ashton Thomas Securities LLC acquired a new stake in Southwest Airlines in the 3rd quarter valued at approximately $33,000. TD Private Client Wealth LLC lifted its holdings 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 buying an additional 345 shares during the last quarter. CVA Family Office LLC boosted its position in shares of Southwest Airlines by 60.6% in the third quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock valued at $49,000 after acquiring an additional 627 shares during the period. Finally, New England Capital Financial Advisors LLC grew its stake in shares of Southwest Airlines by 35.3% in the third quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock worth $57,000 after acquiring an additional 502 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

LUV has been the subject of a number of research reports. Raymond James increased their price target on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Morgan Stanley reissued an “overweight” rating and set a $42.00 target price on shares of Southwest Airlines in a research report on Wednesday, December 11th. Citigroup upped their price target on Southwest Airlines from $28.25 to $31.50 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Susquehanna lifted their price objective on Southwest Airlines from $33.00 to $38.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Bank of America initiated coverage on Southwest Airlines in a research note on Monday, November 4th. They issued a “neutral” rating and a $33.00 target price for the company. Four investment analysts have rated the stock with a sell rating, twelve have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $32.55.

Southwest Airlines Stock Performance

NYSE LUV opened at $32.72 on Tuesday. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The company has a 50 day moving average of $32.92 and a 200-day moving average of $30.04. The company has a current ratio of 0.88, a quick ratio of 0.83 and a debt-to-equity ratio of 0.49. The firm has a market cap of $19.62 billion, a price-to-earnings ratio of -467.43, a PEG ratio of 7.38 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.10. The firm had revenue of $6.87 billion during the quarter, compared to the consensus estimate of $6.77 billion. Southwest Airlines had a positive return on equity of 4.56% and a negative net margin of 0.06%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.38 EPS. On average, equities analysts forecast that Southwest Airlines Co. will post 0.78 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Thursday, December 26th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, December 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.20%. Southwest Airlines’s payout ratio is -1,028.57%.

Insider Buying and Selling at Southwest Airlines

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

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.