City State Bank Has $43,000 Stock Position in Southwest Airlines Co. (NYSE:LUV)

City State Bank reduced its position in Southwest Airlines Co. (NYSE:LUVFree Report) by 49.1% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,505 shares of the airline’s stock after selling 1,450 shares during the period. City State Bank’s holdings in Southwest Airlines were worth $43,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Roundview Capital LLC lifted its holdings in Southwest Airlines by 21.2% during the first quarter. Roundview Capital LLC now owns 13,336 shares of the airline’s stock worth $611,000 after acquiring an additional 2,335 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in shares of Southwest Airlines in the first quarter valued at about $403,000. APG Asset Management N.V. increased its position in Southwest Airlines by 16.6% during the first quarter. APG Asset Management N.V. now owns 6,335 shares of the airline’s stock worth $261,000 after buying an additional 900 shares during the last quarter. Raymond James Trust N.A. boosted its holdings in shares of Southwest Airlines by 5.3% during the first quarter. Raymond James Trust N.A. now owns 12,187 shares of the airline’s stock worth $559,000 after acquiring an additional 615 shares during the period. Finally, Cibc World Market Inc. boosted its holdings in shares of Southwest Airlines by 3.2% during the first quarter. Cibc World Market Inc. now owns 40,189 shares of the airline’s stock worth $1,841,000 after acquiring an additional 1,246 shares during the period. 78.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on LUV shares. Evercore ISI reiterated an “inline” rating and issued a $35.00 price target on shares of Southwest Airlines in a research note on Tuesday, January 2nd. Argus raised Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Tuesday, March 12th. JPMorgan Chase & Co. raised their target price on Southwest Airlines from $24.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, January 26th. Barclays raised their target price on Southwest Airlines from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Finally, StockNews.com raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Sunday, January 28th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $32.00.

View Our Latest Stock Analysis on LUV

Southwest Airlines Trading Down 1.2 %

NYSE:LUV opened at $28.01 on Tuesday. The firm’s 50 day moving average is $31.58 and its 200 day moving average is $28.52. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Southwest Airlines Co. has a 12 month low of $21.91 and a 12 month high of $39.53. The stock has a market capitalization of $16.71 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 0.84 and a beta of 1.16.

Southwest Airlines (NYSE:LUVGet Free Report) last issued its earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.25. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The business had revenue of $6.82 billion for the quarter, compared to analysts’ expectations of $6.75 billion. During the same quarter in the previous year, the firm posted ($0.38) EPS. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. Sell-side analysts expect that Southwest Airlines Co. will post 1.73 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, March 5th. This represents a $0.72 annualized dividend and a dividend yield of 2.57%. Southwest Airlines’s payout ratio is currently 96.00%.

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.

Further Reading

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

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