Bradley & Co. Private Wealth Management LLC Buys Shares of 4,500 Southwest Airlines Co. (NYSE:LUV)

Bradley & Co. Private Wealth Management LLC purchased a new position in shares of Southwest Airlines Co. (NYSE:LUV) during the 4th quarter, HoldingsChannel.com reports. The fund purchased 4,500 shares of the airline’s stock, valued at approximately $151,000.

Several other institutional investors have also modified their holdings of LUV. Kestra Investment Management LLC acquired a new stake in Southwest Airlines during the fourth quarter worth about $26,000. Raleigh Capital Management Inc. grew its stake in shares of Southwest Airlines by 186.7% in the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock valued at $30,000 after buying an additional 575 shares during the period. Ashton Thomas Securities LLC acquired a new stake in shares of Southwest Airlines during the 3rd quarter worth approximately $33,000. TD Private Client Wealth LLC raised its position in shares of Southwest Airlines by 41.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock valued at $35,000 after buying an additional 345 shares during the period. Finally, New England Capital Financial Advisors LLC lifted its holdings in Southwest Airlines by 35.3% in the third quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock valued at $57,000 after acquiring an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

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 that occurred on Friday, December 6th. The shares were 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 of the company’s stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this link. 0.33% of the stock is owned by insiders.

Southwest Airlines Price Performance

LUV stock opened at $30.27 on Wednesday. Southwest Airlines Co. has a 1 year low of $23.58 and a 1 year high of $36.12. The firm has a market capitalization of $17.94 billion, a P/E ratio of 42.04, a P/E/G 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. The business’s 50-day moving average is $32.01 and its two-hundred day moving average is $30.94.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. Analysts anticipate that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors of record on Wednesday, March 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.38%. The ex-dividend date is Wednesday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is presently 100.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. The Goldman Sachs Group reissued a “sell” rating and set a $28.00 target price on shares of Southwest Airlines in a research note on Friday, November 15th. Barclays raised their price objective 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. Raymond James upped their target price on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Bank of America reiterated an “underperform” rating and set a $31.00 price target (down from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. Finally, Susquehanna decreased their price objective on shares of Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Southwest Airlines presently has a consensus rating of “Hold” and a consensus price target of $31.78.

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.