3 days Ago By ABMN Staff
Zions Bancorporation N.A. cut its position in shares of Southwest Airlines Co.
( NYSE:LUV – Free Report ) by 22.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,559 shares of the airline’s stock after selling 1,330 shares during the period.
Zions Bancorporation N.A.’s holdings in Southwest Airlines were worth $130,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of LUV. ICA Group Wealth Management LLC acquired a new position in shares of Southwest Airlines in the 4th quarter valued at $29,000. Ashton Thomas Private Wealth LLC acquired a new position in Southwest Airlines in the second quarter worth about $29,000.
CVA Family Office LLC raised its position in Southwest Airlines by 179.5% in the second quarter. CVA Family Office LLC now owns 1,034 shares of the airline’s stock worth $30,000 after purchasing an additional 664 shares in the last quarter.
Pineridge Advisors LLC bought a new position in Southwest Airlines during the fourth quarter worth about $32,000. Finally, Innealta Capital LLC bought a new stake in shares of Southwest Airlines in the 2nd quarter valued at approximately $33,000. 80.
82% of the stock is currently owned by institutional investors and hedge funds. Wall Street Analyst Weigh In Several research firms recently commented on LUV. Citigroup cut their target price on Southwest Airlines from $29.
00 to $28.25 and set a “neutral” rating for the company in a research report on Monday, July 29th. Melius restated a “sell” rating and issued a $26.
00 target price on shares of Southwest Airlines in a research note on Monday, June 10th. TD Cowen dropped their target price on shares of Southwest Airlines from $26.00 to $19.
00 and set a “hold” rating for the company in a research report on Wednesday, July 17th. Argus restated a “hold” rating on shares of Southwest Airlines in a research report on Tuesday, May 28th. Finally, Barclays raised their price objective on shares of Southwest Airlines from $26.
00 to $27.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 10th. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock.
According to data from MarketBeat.com, Southwest Airlines currently has an average rating of “Hold” and an average target price of $28.38.
Southwest Airlines Price Performance Southwest Airlines stock opened at $28.68 on Monday. The stock has a market cap of $17.
18 billion, a price-to-earnings ratio of 45.52, a P/E/G ratio of 27.22 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.
The business’s 50-day simple moving average is $27.36 and its 200 day simple moving average is $28.14.
Southwest Airlines ( NYSE:LUV – Get Free Report ) last issued its earnings results on Thursday, July 25th. The airline reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.
51 by $0.07. Southwest Airlines had a net margin of 0.
41% and a return on equity of 5.92%. The company had revenue of $7.
40 billion for the quarter, compared to analyst estimates of $7.32 billion. During the same quarter last year, the firm earned $1.
09 EPS. The company’s revenue for the quarter was up 5.2% on a year-over-year basis.
As a group, research analysts anticipate that Southwest Airlines Co. will post 0.23 earnings per share for the current year.
Southwest Airlines Dividend Announcement The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Wednesday, September 4th will be given a $0.18 dividend.
The ex-dividend date is Wednesday, September 4th. This represents a $0.72 annualized dividend and a dividend yield of 2.
51%. Southwest Airlines’s dividend payout ratio is currently 114.29%.
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. Featured Stories 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.
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