2 weeks Ago By ABMN Staff
Susquehanna Portfolio Strategies LLC trimmed its holdings in shares of Southwest Airlines Co. ( NYSE:LUV – Free Report ) by 1.1% in the second quarter, HoldingsChannel.
com reports. The fund owned 368,518 shares of the airline’s stock after selling 4,097 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Southwest Airlines were worth $10,543,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Southwest Airlines during the second quarter valued at approximately $29,000. ICA Group Wealth Management LLC purchased a new stake in shares of Southwest Airlines during the fourth quarter valued at approximately $29,000.
CVA Family Office LLC increased its position in shares of Southwest Airlines by 179.5% during the second quarter. CVA Family Office LLC now owns 1,034 shares of the airline’s stock valued at $30,000 after acquiring an additional 664 shares during the last quarter.
Pineridge Advisors LLC purchased a new stake in shares of Southwest Airlines during the fourth quarter valued at approximately $32,000. Finally, Innealta Capital LLC bought a new position in Southwest Airlines during the second quarter valued at $33,000. 80.
82% of the stock is owned by hedge funds and other institutional investors. Southwest Airlines Stock Down 1.4 % Shares of NYSE:LUV opened at $29.
51 on Friday. Southwest Airlines Co. has a 1 year low of $21.
91 and a 1 year high of $35.18. The company has a market cap of $17.
66 billion, a PE ratio of 46.84, a P/E/G ratio of 27.03 and a beta of 1.
16. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.
90 and a quick ratio of 0.85. The stock’s 50-day moving average is $27.
61 and its 200 day moving average is $27.90. Southwest Airlines Dividend Announcement The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 25th.
Shareholders of record on Wednesday, September 4th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, September 4th.
This represents a $0.72 annualized dividend and a yield of 2.44%.
Southwest Airlines’s payout ratio is 114.29%. Wall Street Analyst Weigh In LUV has been the subject of several research reports.
BNP Paribas raised Southwest Airlines to a “strong sell” rating in a report on Thursday, September 19th. Melius reissued a “sell” rating and set a $26.00 price objective on shares of Southwest Airlines in a report on Monday, June 10th.
Citigroup cut their price target on Southwest Airlines from $29.00 to $28.25 and set a “neutral” rating for the company in a report on Monday, July 29th.
Sanford C. Bernstein cut their price target on Southwest Airlines from $26.00 to $24.
00 and set a “market perform” rating for the company in a report on Monday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $29.00 price target (down from $32.
00) on shares of Southwest Airlines in a report on Friday, July 26th. Four research 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 MarketBeat, Southwest Airlines currently has an average rating of “Hold” and a consensus price target of $28.
38. Get Our Latest Stock Analysis 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.
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