Valeo Financial Advisors LLC Boosts Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Valeo Financial Advisors LLC grew its position in Southwest Airlines Co. (NYSE:LUVFree Report) by 17.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,143 shares of the airline’s stock after acquiring an additional 2,291 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Southwest Airlines were worth $437,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LUV. Vanguard Group Inc. lifted its holdings in Southwest Airlines by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock valued at $2,886,717,000 after purchasing an additional 1,213,767 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of Southwest Airlines by 39.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 21,991,802 shares of the airline’s stock worth $715,615,000 after buying an additional 6,244,136 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its position in Southwest Airlines by 7.5% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 18,213,320 shares of the airline’s stock worth $613,243,000 after acquiring an additional 1,269,782 shares during the last quarter. Moneta Group Investment Advisors LLC grew its stake in Southwest Airlines by 91,675.0% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,296,139 shares of the airline’s stock valued at $515,021,000 after acquiring an additional 15,279,472 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Southwest Airlines by 2.9% during the 1st quarter. Geode Capital Management LLC now owns 12,237,288 shares of the airline’s stock valued at $397,599,000 after acquiring an additional 345,135 shares in the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Southwest Airlines Trading Down 3.4 %

NYSE:LUV opened at $27.54 on Monday. Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $39.53. The firm has a market cap of $16.48 billion, a PE ratio of 36.72, a price-to-earnings-growth ratio of 0.99 and a beta of 1.15. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average price of $31.10 and a 200 day moving average price of $28.45.

Southwest Airlines (NYSE:LUVGet Free Report) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.25. The business had revenue of $6.82 billion during the quarter, compared to the consensus estimate of $6.75 billion. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. The business’s revenue for the quarter was up 10.5% on a year-over-year basis. During the same period in the previous year, the company posted ($0.38) earnings per share. Sell-side analysts anticipate that Southwest Airlines Co. will post 1.52 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were issued a $0.18 dividend. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.61%. Southwest Airlines’s payout ratio is 96.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LUV shares. JPMorgan Chase & Co. boosted their target price on Southwest Airlines from $24.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. StockNews.com lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Friday. Morgan Stanley cut their target price on Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, April 5th. UBS Group assumed coverage on shares of Southwest Airlines in a research report on Wednesday, March 20th. They set a “buy” rating and a $36.00 price target on the stock. Finally, Jefferies Financial Group upgraded shares of Southwest Airlines from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $20.00 to $28.00 in a research report on Wednesday, March 13th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $31.82.

Get Our Latest Research Report on Southwest Airlines

Southwest Airlines Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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