Southwest Airlines Co. (NYSE:LUV) Shares Acquired by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lifted its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 47.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,452 shares of the airline’s stock after buying an additional 1,106 shares during the period. Parkside Financial Bank & Trust’s holdings in Southwest Airlines were worth $100,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in LUV. CWM LLC lifted its stake in shares of Southwest Airlines by 18.2% during the third quarter. CWM LLC now owns 19,608 shares of the airline’s stock worth $531,000 after buying an additional 3,019 shares during the period. Czech National Bank lifted its stake in shares of Southwest Airlines by 47.8% during the third quarter. Czech National Bank now owns 104,104 shares of the airline’s stock worth $2,818,000 after buying an additional 33,660 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Southwest Airlines by 2.6% during the third quarter. Handelsbanken Fonder AB now owns 91,040 shares of the airline’s stock worth $2,464,000 after buying an additional 2,281 shares during the period. Country Club Bank GFN lifted its stake in shares of Southwest Airlines by 4.0% during the third quarter. Country Club Bank GFN now owns 109,133 shares of the airline’s stock worth $2,971,000 after buying an additional 4,207 shares during the period. Finally, FAS Wealth Partners Inc. raised its holdings in shares of Southwest Airlines by 4.7% during the third quarter. FAS Wealth Partners Inc. now owns 38,166 shares of the airline’s stock worth $1,033,000 after purchasing an additional 1,705 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Southwest Airlines Stock Down 7.0 %

Shares of NYSE LUV opened at $27.26 on Friday. Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $39.53. The stock has a market cap of $16.31 billion, a PE ratio of 36.34, a P/E/G ratio of 1.04 and a beta of 1.15. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average of $30.48 and a 200 day moving average of $28.53.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the company posted ($0.27) EPS. The firm’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Southwest Airlines Co. will post 1.49 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.18 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.64%. Southwest Airlines’s dividend payout ratio (DPR) is 96.00%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on LUV shares. Deutsche Bank Aktiengesellschaft raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and raised their target price for the stock from $28.00 to $42.00 in a report on Tuesday, February 20th. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a report on Tuesday, March 12th. StockNews.com cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Raymond James raised their target price on shares of Southwest Airlines from $34.00 to $36.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Finally, Morgan Stanley reduced their target price on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, April 5th. Four equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $31.76.

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.