Southwest Airlines Co. (NYSE:LUV) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 3.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,730 shares of the airline’s stock after purchasing an additional 1,682 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Southwest Airlines were worth $1,606,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. ICA Group Wealth Management LLC purchased a new position in Southwest Airlines in the 4th quarter worth approximately $29,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Southwest Airlines in the second quarter valued at $29,000. CVA Family Office LLC grew its holdings in Southwest Airlines by 179.5% during the 2nd quarter. CVA Family Office LLC now owns 1,034 shares of the airline’s stock valued at $30,000 after purchasing an additional 664 shares in the last quarter. Pineridge Advisors LLC purchased a new stake in Southwest Airlines during the 4th quarter worth $32,000. Finally, Innealta Capital LLC acquired a new position in Southwest Airlines in the 2nd quarter worth $33,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

Analyst Ratings Changes

LUV has been the topic of a number of analyst reports. Citigroup dropped their target price on Southwest Airlines from $29.00 to $28.25 and set a “neutral” rating on the stock in a research report on Monday, July 29th. Barclays upped their target price on Southwest Airlines from $26.00 to $27.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 10th. Melius restated a “sell” rating and issued a $26.00 price target on shares of Southwest Airlines in a research note on Monday, June 10th. Argus reiterated a “hold” rating on shares of Southwest Airlines in a research note on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $29.00 target price (down previously from $32.00) on shares of Southwest Airlines in a research note on Friday, July 26th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $28.38.

Southwest Airlines Stock Up 0.1 %

Southwest Airlines stock opened at $28.94 on Friday. The firm has a market capitalization of $17.34 billion, a P/E ratio of 45.94, a P/E/G ratio of 26.91 and a beta of 1.16. The company has a 50-day simple moving average of $27.47 and a 200-day simple moving average of $28.07. Southwest Airlines Co. has a one year low of $21.91 and a one year high of $35.18. 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 (NYSE:LUV) last announced its quarterly earnings results on Thursday, July 25th. The airline reported $0.58 EPS for the quarter, beating the consensus estimate of $0.51 by $0.07. Southwest Airlines had a net margin of 0.41% and a return on equity of 5.92%. The company had revenue of $7.40 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same quarter last year, the business earned $1.09 earnings per share. Southwest Airlines’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts expect that Southwest Airlines Co. will post 0.23 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The firm 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 $0.18 dividend. The ex-dividend date is Wednesday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.49%. Southwest Airlines’s payout ratio is 114.29%.

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.