1 week Ago By ABMN Staff
Norden Group LLC trimmed its position in Southwest Airlines Co. ( NYSE:LUV – Free Report ) by 16.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC).
The firm owned 16,298 shares of the airline’s stock after selling 3,159 shares during the period. Norden Group LLC’s holdings in Southwest Airlines were worth $466,000 as of its most recent SEC filing. A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company.
Capital World Investors raised its stake in shares of Southwest Airlines by 21.4% in the 4th quarter. Capital World Investors now owns 53,475,988 shares of the airline’s stock worth $1,544,387,000 after buying an additional 9,444,279 shares in the last quarter.
Vanguard Group Inc. raised its position in Southwest Airlines by 3.3% in the first quarter.
Vanguard Group Inc. now owns 67,569,773 shares of the airline’s stock worth $1,972,362,000 after acquiring an additional 2,148,435 shares in the last quarter. Norges Bank acquired a new stake in Southwest Airlines in the 4th quarter valued at about $29,789,000.
Nuance Investments LLC bought a new position in shares of Southwest Airlines during the 4th quarter valued at about $24,404,000. Finally, MUFG Securities EMEA plc acquired a new position in shares of Southwest Airlines in the 2nd quarter worth approximately $10,071,000. 80.
82% of the stock is owned by institutional investors. Southwest Airlines Stock Down 0.4 % LUV stock opened at $29.
70 on Monday. The company has a 50 day moving average of $27.27 and a two-hundred day moving average of $28.
32. The company has a market cap of $17.80 billion, a price-to-earnings ratio of 47.
14, a PEG ratio of 28.01 and a beta of 1.16.
Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $35.
18. The company has a quick ratio of 0.85, a current ratio of 0.
90 and a debt-to-equity ratio of 0.48. 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 issued a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, September 4th.
This represents a $0.72 dividend on an annualized basis and a yield of 2.42%.
Southwest Airlines’s dividend payout ratio is currently 114.29%. Analyst Ratings Changes Several analysts recently commented on the stock.
Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $29.00 target price (down from $32.00) on shares of Southwest Airlines in a research note on Friday, July 26th.
HSBC initiated coverage on Southwest Airlines in a research note on Monday, May 13th. They set a “hold” rating and a $27.80 price objective for the company.
Evercore ISI upgraded Southwest Airlines from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $30.00 to $35.00 in a report on Tuesday, September 3rd.
Citigroup reduced their target price on Southwest Airlines from $29.00 to $28.25 and set a “neutral” rating for the company in a report on Monday, July 29th.
Finally, Sanford C. Bernstein dropped their price target on Southwest Airlines from $26.00 to $24.
00 and set a “market perform” rating on the stock in a research note on Monday, August 5th. 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 company’s stock. According to data from MarketBeat.
com, the stock presently has an average rating of “Hold” and an average price target of $28.38. View Our Latest Research Report 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. Featured Articles Receive News & Ratings for Southwest Airlines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Southwest Airlines and related companies with MarketBeat.com's FREE daily email newsletter .
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