Copperwynd Financial LLC Has $537,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Copperwynd Financial LLC trimmed its holdings in Southwest Airlines Co. (NYSE:LUV) by 5.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,964 shares of the airline’s stock after selling 925 shares during the quarter. Copperwynd Financial LLC’s holdings in Southwest Airlines were worth $537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Studio Investment Management LLC lifted its stake in shares of Southwest Airlines by 5.2% in the 3rd quarter. Studio Investment Management LLC now owns 6,978 shares of the airline’s stock valued at $207,000 after purchasing an additional 343 shares during the period. TD Private Client Wealth LLC lifted its stake in shares of 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. Avior Wealth Management LLC lifted its stake in shares of Southwest Airlines by 3.8% in the 4th quarter. Avior Wealth Management LLC now owns 10,116 shares of the airline’s stock valued at $340,000 after purchasing an additional 369 shares during the period. V Square Quantitative Management LLC lifted its stake in shares of Southwest Airlines by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 9,822 shares of the airline’s stock valued at $330,000 after purchasing an additional 369 shares during the period. Finally, Wahed Invest LLC lifted its stake in shares of Southwest Airlines by 11.5% in the 3rd quarter. Wahed Invest LLC now owns 3,638 shares of the airline’s stock valued at $108,000 after purchasing an additional 375 shares during the period. 80.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Southwest Airlines in a research report on Wednesday, December 11th. TD Cowen boosted their target price on Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Raymond James boosted their target price on Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Sanford C. Bernstein boosted their target price on Southwest Airlines from $30.00 to $33.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. Finally, Bank of America reaffirmed an “underperform” rating and issued a $31.00 target price (down from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. Seven investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.72.

Insiders Place Their Bets

In other news, Director C. David Cush purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were purchased at an average price of $30.03 per share, with a total value of $150,150.00. Following the completion of the acquisition, the director now owns 19,011 shares in the company, valued at $570,900.33. This trade represents a 35.69 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 0.33% of the company’s stock.

Southwest Airlines Stock Performance

LUV stock opened at $31.74 on Friday. Southwest Airlines Co. has a 12-month low of $23.58 and a 12-month high of $36.12. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. The business has a 50 day moving average of $31.12 and a 200-day moving average of $31.21. The firm has a market cap of $18.81 billion, a PE ratio of 44.08, a P/E/G ratio of 0.97 and a beta of 1.10.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Southwest Airlines Co. will post 1.55 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be given a dividend of $0.18 per share. The ex-dividend date is Wednesday, March 12th. This represents a $0.72 annualized dividend and a dividend yield of 2.27%. Southwest Airlines’s dividend payout ratio is currently 100.00%.

About Southwest Airlines

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.