WT Wealth Management Has $1.53 Million Stock Position in Southwest Airlines Co. (NYSE:LUV)

WT Wealth Management lifted its stake in Southwest Airlines Co. (NYSE:LUVFree Report) by 18.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 52,898 shares of the airline’s stock after acquiring an additional 8,364 shares during the quarter. WT Wealth Management’s holdings in Southwest Airlines were worth $1,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of LUV. Advisor Partners II LLC boosted its position in Southwest Airlines by 11.2% during the 3rd quarter. Advisor Partners II LLC now owns 11,540 shares of the airline’s stock worth $312,000 after buying an additional 1,160 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Southwest Airlines by 29.5% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 30,744 shares of the airline’s stock valued at $832,000 after acquiring an additional 7,009 shares in the last quarter. New Mexico Educational Retirement Board raised its position in Southwest Airlines by 7.3% in the 3rd quarter. New Mexico Educational Retirement Board now owns 31,004 shares of the airline’s stock valued at $839,000 after buying an additional 2,100 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Southwest Airlines by 9.5% during the third quarter. Daiwa Securities Group Inc. now owns 22,017 shares of the airline’s stock valued at $596,000 after purchasing an additional 1,919 shares in the last quarter. Finally, Horrell Capital Management Inc. grew its holdings in shares of Southwest Airlines by 13.5% in the third quarter. Horrell Capital Management Inc. now owns 8,400 shares of the airline’s stock valued at $227,000 after acquiring an additional 1,000 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Stock Performance

NYSE:LUV traded down $0.12 during trading hours on Friday, reaching $27.86. 6,887,460 shares of the company’s stock were exchanged, compared to its average volume of 11,111,719. The company has a 50-day moving average of $28.21 and a 200 day moving average of $28.80. Southwest Airlines Co. has a 1-year low of $21.91 and a 1-year high of $39.53. The firm has a market capitalization of $16.67 billion, a price-to-earnings ratio of 44.22, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.78.

Southwest Airlines (NYSE:LUVGet Free Report) last posted its earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). The firm had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the company posted ($0.27) EPS. Research analysts anticipate that Southwest Airlines Co. will post 1.05 EPS for the current year.

Southwest Airlines Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 19th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend is Tuesday, June 18th. Southwest Airlines’s dividend payout ratio is currently 114.29%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LUV. Raymond James reiterated an “outperform” rating and issued a $30.00 target price (down previously from $33.00) on shares of Southwest Airlines in a research note on Friday, April 26th. Jefferies Financial Group lowered shares of Southwest Airlines from a “hold” rating to an “underperform” rating and cut their price target for the company from $28.00 to $20.00 in a research report on Monday, April 29th. Morgan Stanley lowered their price target on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, April 5th. TD Cowen dropped their price objective on Southwest Airlines from $26.00 to $25.00 and set a “hold” rating for the company in a report on Friday, April 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Southwest Airlines from $24.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, January 26th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $30.10.

Read Our Latest Analysis on Southwest Airlines

About Southwest Airlines

(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.

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

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