FAS Wealth Partners Inc. Sells 30,665 Shares of Southwest Airlines Co. (NYSE:LUV)

FAS Wealth Partners Inc. trimmed its holdings in shares of Southwest Airlines Co. (NYSE:LUVFree Report) by 80.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,501 shares of the airline’s stock after selling 30,665 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Southwest Airlines were worth $217,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in Southwest Airlines by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock worth $2,886,717,000 after acquiring an additional 1,213,767 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Southwest Airlines by 39.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,991,802 shares of the airline’s stock worth $715,615,000 after acquiring an additional 6,244,136 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of Southwest Airlines by 7.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,213,320 shares of the airline’s stock valued at $613,243,000 after purchasing an additional 1,269,782 shares during the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Southwest Airlines by 91,675.0% in 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 purchasing an additional 15,279,472 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Southwest Airlines by 2.9% in the 1st quarter. Geode Capital Management LLC now owns 12,237,288 shares of the airline’s stock valued at $397,599,000 after purchasing an additional 345,135 shares during the last quarter. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Stock Performance

LUV opened at $28.33 on Wednesday. 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 company’s fifty day moving average price is $31.48 and its two-hundred day moving average price is $28.44. Southwest Airlines Co. has a 1-year low of $21.91 and a 1-year high of $39.53. The company has a market cap of $16.90 billion, a price-to-earnings ratio of 37.77, a PEG ratio of 0.96 and a beta of 1.15.

Southwest Airlines (NYSE:LUVGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.25. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The firm had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $6.75 billion. During the same quarter in the prior year, the company posted ($0.38) earnings per share. The business’s revenue was up 10.5% on a year-over-year basis. On average, analysts expect that Southwest Airlines Co. will post 1.65 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a dividend of $0.18 per share. The ex-dividend date was Tuesday, March 5th. This represents a $0.72 annualized dividend and a yield of 2.54%. Southwest Airlines’s payout ratio is 96.00%.

Analysts Set New Price Targets

LUV has been the topic of a number of analyst reports. TD Cowen upped their price objective on shares of Southwest Airlines from $20.00 to $26.00 and gave the company a “market perform” rating in a research note on Friday, January 26th. Citigroup upped their price objective on shares of Southwest Airlines from $25.00 to $30.00 and gave the company a “neutral” rating in a research note on Monday, December 18th. Raymond James upped their price objective on shares of Southwest Airlines from $34.00 to $36.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. StockNews.com raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a research note on Sunday, January 28th. Finally, UBS Group began coverage on shares of Southwest Airlines in a research note on Wednesday, March 20th. They issued a “buy” rating and a $36.00 price objective on the stock. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $32.24.

Get Our Latest Stock 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

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

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