TRUE Private Wealth Advisors Grows Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

TRUE Private Wealth Advisors raised its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 2.2% in the 4th quarter, Holdings Channel reports. The fund owned 17,383 shares of the airline’s stock after acquiring an additional 369 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Southwest Airlines were worth $502,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Roundview Capital LLC increased its position in Southwest Airlines by 21.2% during the 1st quarter. Roundview Capital LLC now owns 13,336 shares of the airline’s stock worth $611,000 after purchasing an additional 2,335 shares during the period. Acadian Asset Management LLC acquired a new stake in Southwest Airlines in the first quarter valued at $403,000. APG Asset Management N.V. boosted its position in shares of Southwest Airlines by 16.6% during the 1st quarter. APG Asset Management N.V. now owns 6,335 shares of the airline’s stock worth $261,000 after purchasing an additional 900 shares in the last quarter. Raymond James Trust N.A. boosted its position in shares of Southwest Airlines by 5.3% during the 1st quarter. Raymond James Trust N.A. now owns 12,187 shares of the airline’s stock worth $559,000 after purchasing an additional 615 shares in the last quarter. Finally, Cibc World Market Inc. increased its holdings in shares of Southwest Airlines by 3.2% in the 1st quarter. Cibc World Market Inc. now owns 40,189 shares of the airline’s stock valued at $1,841,000 after purchasing an additional 1,246 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Stock Performance

NYSE LUV opened at $28.78 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.14 and a quick ratio of 1.07. Southwest Airlines Co. has a 1-year low of $21.91 and a 1-year high of $39.53. The firm has a market capitalization of $17.22 billion, a P/E ratio of 38.37, a P/E/G ratio of 0.99 and a beta of 1.15. The business’s 50-day simple moving average is $30.96 and its 200-day simple moving average is $28.46.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.25. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The firm had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.75 billion. During the same period in the previous year, the company posted ($0.38) earnings per share. Southwest Airlines’s revenue was up 10.5% compared to the same quarter last year. Equities analysts predict that Southwest Airlines Co. will post 1.49 EPS for the current year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s dividend payout ratio (DPR) is presently 96.00%.

Analyst Upgrades and Downgrades

LUV has been the topic of several recent analyst reports. Argus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a research report on Tuesday, March 12th. JPMorgan Chase & Co. boosted their target price on Southwest Airlines from $24.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Barclays cut their price target on Southwest Airlines from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Friday, April 5th. Sanford C. Bernstein raised shares of Southwest Airlines from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $26.00 to $32.00 in a research note on Tuesday, February 20th. Finally, TD Cowen lifted their target price on shares of Southwest Airlines from $20.00 to $26.00 and gave the stock a “market perform” rating in a research report on Friday, January 26th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.82.

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.