2 weeks Ago By Defense World Staff
Bokf Na lessened its stake in Southwest Airlines Co. ( NYSE:LUV – Free Report ) by 9.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The fund owned 16,193 shares of the airline’s stock after selling 1,603 shares during the period. Bokf Na’s holdings in Southwest Airlines were worth $463,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of LUV.
ICA Group Wealth Management LLC bought a new stake in Southwest Airlines in the fourth quarter valued at approximately $29,000. Ashton Thomas Private Wealth LLC bought a new stake in Southwest Airlines during the 2nd quarter valued at $29,000. CVA Family Office LLC boosted its position in Southwest Airlines by 179.
5% during the 2nd quarter. CVA Family Office LLC now owns 1,034 shares of the airline’s stock valued at $30,000 after buying an additional 664 shares during the period. Pineridge Advisors LLC purchased a new stake in Southwest Airlines during the 4th quarter valued at $32,000.
Finally, Innealta Capital LLC bought a new stake in Southwest Airlines in the 2nd quarter worth $33,000. 80.82% of the stock is currently owned by hedge funds and other institutional investors.
Southwest Airlines Stock Performance Shares of LUV opened at $28.54 on Tuesday. The company has a quick ratio of 0.
85, a current ratio of 0.90 and a debt-to-equity ratio of 0.48.
The stock has a market cap of $17.10 billion, a P/E ratio of 45.30, a P/E/G ratio of 27.
22 and a beta of 1.16. The business’s 50 day moving average price is $27.
39 and its 200-day moving average price is $28.10. Southwest Airlines Co.
has a 52 week low of $21.91 and a 52 week high of $35.18.
Southwest Airlines Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 4th will be given a dividend of $0.18 per share.
This represents a $0.72 annualized dividend and a yield of 2.52%.
The ex-dividend date is Wednesday, September 4th. Southwest Airlines’s dividend payout ratio (DPR) is 114.29%.
Analyst Upgrades and Downgrades A number of analysts have recently weighed in on LUV shares. Sanford C. Bernstein dropped their target price on shares of Southwest Airlines from $26.
00 to $24.00 and set a “market perform” rating for the company in a report on Monday, August 5th. Citigroup dropped their price objective on Southwest Airlines from $29.
00 to $28.25 and set a “neutral” rating for the company in a report on Monday, July 29th. Evercore ISI raised Southwest Airlines from an “in-line” rating to an “outperform” rating and boosted their target price for the company from $30.
00 to $35.00 in a research note on Tuesday, September 3rd. Barclays raised their price target on Southwest Airlines from $26.
00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 10th. Finally, Melius reissued a “sell” rating and set a $26.
00 price objective on shares of Southwest Airlines in a research report on Monday, June 10th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $28.
38. Read Our Latest Stock Analysis on LUV 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.
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