Southwest Airlines Co. (NYSE:LUV) Shares Purchased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC increased its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 4.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,370 shares of the airline’s stock after purchasing an additional 1,024 shares during the quarter. U.S. Capital Wealth Advisors LLC’s holdings in Southwest Airlines were worth $640,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Czech National Bank grew its position in Southwest Airlines by 0.6% in the 1st quarter. Czech National Bank now owns 104,990 shares of the airline’s stock valued at $3,065,000 after acquiring an additional 585 shares in the last quarter. GAMMA Investing LLC grew its position in Southwest Airlines by 14.6% in the 1st quarter. GAMMA Investing LLC now owns 4,680 shares of the airline’s stock valued at $137,000 after acquiring an additional 595 shares in the last quarter. Artisan Partners Limited Partnership grew its position in Southwest Airlines by 0.4% in the 4th quarter. Artisan Partners Limited Partnership now owns 10,790,654 shares of the airline’s stock valued at $311,634,000 after acquiring an additional 47,119 shares in the last quarter. Polianta Ltd acquired a new position in Southwest Airlines in the 1st quarter valued at about $1,223,000. Finally, Tidal Investments LLC grew its position in Southwest Airlines by 26.0% in the 1st quarter. Tidal Investments LLC now owns 100,351 shares of the airline’s stock valued at $2,931,000 after acquiring an additional 20,694 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

Southwest Airlines Stock Performance

NYSE LUV traded up $0.11 on Friday, reaching $25.33. The stock had a trading volume of 17,826,314 shares, compared to its average volume of 9,617,481. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.85 and a current ratio of 0.90. Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $35.18. The business’s 50-day moving average price is $27.54 and its 200 day moving average price is $28.96. The stock has a market cap of $15.16 billion, a P/E ratio of 40.03, a price-to-earnings-growth ratio of 15.50 and a beta of 1.15.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.07. Southwest Airlines had a return on equity of 5.92% and a net margin of 0.41%. The company had revenue of $7.40 billion during the quarter, compared to analysts’ expectations of $7.32 billion. During the same quarter in the previous year, the business earned $1.09 earnings per share. The firm’s revenue for the quarter was up 5.2% on a year-over-year basis. As a group, equities analysts expect that Southwest Airlines Co. will post 0.35 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.84%. The ex-dividend date is Wednesday, September 4th. Southwest Airlines’s dividend payout ratio (DPR) is presently 114.29%.

Analyst Ratings Changes

LUV has been the subject of a number of analyst reports. Argus reissued a “hold” rating on shares of Southwest Airlines in a research report on Tuesday, May 28th. Jefferies Financial Group downgraded Southwest Airlines from a “hold” rating to an “underperform” rating and lowered their price objective for the stock from $28.00 to $20.00 in a research report on Monday, April 29th. Melius reissued a “sell” rating and set a $26.00 price objective on shares of Southwest Airlines in a research report on Monday, June 10th. Sanford C. Bernstein lowered their price objective on Southwest Airlines from $26.00 to $24.00 and set a “market perform” rating for the company in a research report on Monday. Finally, Barclays boosted their price objective on Southwest Airlines from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 10th. Four analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $28.47.

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.