MGO One Seven LLC Has $285,000 Holdings in Southwest Airlines Co. $LUV

MGO One Seven LLC boosted its position in Southwest Airlines Co. (NYSE:LUV) by 13.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 8,783 shares of the airline’s stock after purchasing an additional 1,027 shares during the period. MGO One Seven LLC’s holdings in Southwest Airlines were worth $285,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pandora Wealth Inc. bought a new stake in Southwest Airlines in the 1st quarter worth about $34,000. Cheviot Value Management LLC purchased a new stake in shares of Southwest Airlines during the 1st quarter valued at approximately $42,000. Armstrong Advisory Group Inc. purchased a new stake in Southwest Airlines in the 2nd quarter worth approximately $42,000. TD Private Client Wealth LLC lifted its stake in Southwest Airlines by 67.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,448 shares of the airline’s stock worth $47,000 after purchasing an additional 585 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Southwest Airlines by 122.3% in the 1st quarter. Brooklyn Investment Group now owns 1,787 shares of the airline’s stock worth $60,000 after purchasing an additional 983 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Insider Activity

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

Analysts Set New Price Targets

Several analysts have recently weighed in on LUV shares. Susquehanna raised their price objective on shares of Southwest Airlines from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. UBS Group increased their target price on shares of Southwest Airlines from $27.00 to $34.00 and gave the company a “neutral” rating in a report on Monday, July 7th. HSBC lowered shares of Southwest Airlines from a “hold” rating to a “reduce” rating in a report on Thursday, July 24th. TD Cowen raised their price target on shares of Southwest Airlines from $21.00 to $24.00 and gave the stock a “hold” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southwest Airlines in a research report on Wednesday, October 8th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $33.38.

Southwest Airlines Stock Up 0.9%

Shares of Southwest Airlines stock opened at $33.59 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.49 and a current ratio of 0.56. The stock has a market capitalization of $17.64 billion, a PE ratio of 50.89, a price-to-earnings-growth ratio of 0.87 and a beta of 1.21. Southwest Airlines Co. has a 52-week low of $23.82 and a 52-week high of $37.96. The company has a 50-day simple moving average of $32.10 and a two-hundred day simple moving average of $31.46.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Tuesday, February 6th. The airline reported ($0.38) earnings per share (EPS) for the quarter. The firm had revenue of $6.17 billion during the quarter. Southwest Airlines had a return on equity of 6.27% and a net margin of 1.43%. On average, analysts anticipate that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines announced that its Board of Directors has approved a share repurchase program on Wednesday, July 23rd that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the airline to repurchase up to 9.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 24th. Shareholders of record on Wednesday, September 3rd were issued a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, September 3rd. This represents a $0.72 annualized dividend and a yield of 2.1%. Southwest Airlines’s payout ratio is 109.09%.

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.