Elo Mutual Pension Insurance Co Has $347,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Elo Mutual Pension Insurance Co trimmed its position in Southwest Airlines Co. (NYSE:LUV) by 21.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,315 shares of the airline’s stock after selling 2,767 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Southwest Airlines were worth $347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LUV. Cerity Partners LLC raised its stake in shares of Southwest Airlines by 8.9% during the third quarter. Cerity Partners LLC now owns 93,961 shares of the airline’s stock worth $2,784,000 after buying an additional 7,676 shares during the last quarter. Fisher Asset Management LLC acquired a new stake in Southwest Airlines during the 3rd quarter worth $233,000. D.A. Davidson & CO. bought a new stake in shares of Southwest Airlines during the 3rd quarter valued at $247,000. Glenmede Trust Co. NA lifted its stake in shares of Southwest Airlines by 79.1% in the 3rd quarter. Glenmede Trust Co. NA now owns 97,634 shares of the airline’s stock valued at $2,893,000 after purchasing an additional 43,106 shares during the period. Finally, CreativeOne Wealth LLC boosted its position in shares of Southwest Airlines by 60.9% in the 3rd quarter. CreativeOne Wealth LLC now owns 22,390 shares of the airline’s stock worth $663,000 after purchasing an additional 8,478 shares during the last quarter. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Price Performance

NYSE:LUV opened at $33.58 on Monday. The stock has a market capitalization of $19.90 billion, a PE ratio of 46.63, a P/E/G ratio of 0.97 and a beta of 1.10. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The firm has a fifty day simple moving average of $31.33 and a 200 day simple moving average of $31.56. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, beating 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%. On average, research analysts expect that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The firm also recently declared 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. This represents a $0.72 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend is Wednesday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling at Southwest Airlines

In other Southwest Airlines news, Director C. David Cush bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were acquired at an average cost of $30.03 per share, with a total value of $150,150.00. Following the acquisition, the director now owns 19,011 shares of the company’s stock, valued at $570,900.33. The trade was a 35.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

LUV has been the topic of several analyst reports. Susquehanna cut their target price on Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Citigroup increased their price target on shares of Southwest Airlines from $27.00 to $30.00 and gave the company a “sell” rating in a research report on Friday. Raymond James boosted their price objective on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Barclays upped their target price on shares of Southwest Airlines from $32.00 to $35.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Finally, Bank of America reissued 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. Five research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $32.54.

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.