22,175 Shares in Southwest Airlines Co. $LUV Acquired by 111 Capital

111 Capital purchased a new position in shares of Southwest Airlines Co. (NYSE:LUV) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 22,175 shares of the airline’s stock, valued at approximately $719,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of LUV. Pandora Wealth Inc. acquired a new position in Southwest Airlines during the 1st quarter worth approximately $34,000. Cheviot Value Management LLC acquired a new position in Southwest Airlines during the 1st quarter worth approximately $42,000. Armstrong Advisory Group Inc. acquired a new position in shares of Southwest Airlines in the 2nd quarter valued at approximately $42,000. TD Private Client Wealth LLC raised its position in shares of Southwest Airlines by 67.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,448 shares of the airline’s stock valued at $47,000 after purchasing an additional 585 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in shares of Southwest Airlines by 122.3% in the 1st quarter. Brooklyn Investment Group now owns 1,787 shares of the airline’s stock valued at $60,000 after purchasing an additional 983 shares in the last quarter. 80.82% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Southwest Airlines news, Director Gregg A. Saretsky purchased 3,345 shares of the firm’s stock in a transaction dated Wednesday, August 6th. The stock was bought at an average price of $30.03 per share, with a total value of $100,450.35. Following the completion of the purchase, the director owned 23,644 shares in the company, valued at $710,029.32. This trade represents a 16.48% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Sarah Feinberg purchased 1,500 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The stock was acquired at an average cost of $30.01 per share, with a total value of $45,015.00. Following the purchase, the director owned 14,229 shares of the company’s stock, valued at approximately $427,012.29. This represents a 11.78% increase in their position. The disclosure for this purchase can be found here. 0.79% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Barclays upped their target price on Southwest Airlines from $26.00 to $34.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southwest Airlines in a research report on Saturday, September 27th. TD Cowen upped their target price on Southwest Airlines from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Friday. Wall Street Zen lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Saturday, July 26th. Finally, Jefferies Financial Group upped their target price on Southwest Airlines from $30.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat, Southwest Airlines has an average rating of “Hold” and a consensus target price of $33.38.

Southwest Airlines Price Performance

Shares of LUV opened at $32.56 on Friday. The company has a market cap of $17.10 billion, a P/E ratio of 49.34, a PEG ratio of 0.88 and a beta of 1.21. The stock has a fifty day moving average price of $31.64 and a 200 day moving average price of $31.52. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.56 and a quick ratio of 0.49. Southwest Airlines Co. has a 12 month low of $23.82 and a 12 month high of $37.96.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, July 23rd. The airline reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.08). The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $7.30 billion. Southwest Airlines had a return on equity of 6.27% and a net margin of 1.43%.Southwest Airlines’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.58 earnings per share. On average, research analysts forecast that Southwest Airlines Co. will post 1.55 earnings per share for the current year.

Southwest Airlines declared that its board has initiated a stock buyback program on Wednesday, July 23rd that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the airline to buy up to 9.4% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board believes its stock is undervalued.

Southwest Airlines Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 24th. Investors of record on Wednesday, September 3rd were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Wednesday, September 3rd. Southwest Airlines’s dividend payout ratio is presently 109.09%.

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.