Yousif Capital Management LLC Sells 2,861 Shares of Southwest Airlines Co. (NYSE:LUV)

Yousif Capital Management LLC cut its position in shares of Southwest Airlines Co. (NYSE:LUV) by 3.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 73,758 shares of the airline’s stock after selling 2,861 shares during the quarter. Yousif Capital Management LLC’s holdings in Southwest Airlines were worth $2,480,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Raleigh Capital Management Inc. grew its holdings in shares of Southwest Airlines by 186.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock valued at $30,000 after acquiring an additional 575 shares in the last quarter. Ashton Thomas Securities LLC purchased a new position in Southwest Airlines in the third quarter worth $33,000. TD Private Client Wealth LLC grew its stake in Southwest Airlines by 41.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock valued at $35,000 after purchasing an additional 345 shares during the period. CVA Family Office LLC increased its position in shares of Southwest Airlines by 60.6% during the 3rd quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock valued at $49,000 after purchasing an additional 627 shares during the last quarter. Finally, New England Capital Financial Advisors LLC raised its stake in shares of Southwest Airlines by 35.3% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock worth $57,000 after purchasing an additional 502 shares during the period. 80.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on LUV. Morgan Stanley restated an “overweight” rating and set a $42.00 price objective on shares of Southwest Airlines in a report on Wednesday, December 11th. The Goldman Sachs Group restated a “sell” rating and set a $28.00 price target on shares of Southwest Airlines in a research note on Friday, November 15th. Susquehanna reduced their price objective on Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Barclays raised their target price on Southwest Airlines from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, TD Cowen upped their price target on Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Six equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $32.08.

Southwest Airlines Stock Down 0.3 %

Shares of NYSE:LUV opened at $30.98 on Monday. The firm has a fifty day moving average price of $32.83 and a two-hundred day moving average price of $30.55. The company has a market cap of $18.58 billion, a price-to-earnings ratio of 43.03, a PEG ratio of 0.97 and a beta of 1.14. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $36.12.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, topping the consensus estimate of $0.45 by $0.11. Southwest Airlines had a return on equity of 5.77% and a net margin of 1.69%. Analysts anticipate that Southwest Airlines Co. will post 1.59 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.32%. The ex-dividend date of this dividend is Wednesday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is 100.00%.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now owns 89,376 shares in the company, valued at $3,074,534.40. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by company insiders.

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.