Cwm LLC Purchases 2,071 Shares of Southwest Airlines Co. (NYSE:LUV)

Cwm LLC boosted its position in shares of Southwest Airlines Co. (NYSE:LUV) by 10.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 21,442 shares of the airline’s stock after purchasing an additional 2,071 shares during the period. Cwm LLC’s holdings in Southwest Airlines were worth $626,000 at the end of the most recent quarter.

Several other institutional investors 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 fourth quarter. Capital World Investors now owns 53,475,988 shares of the airline’s stock worth $1,544,387,000 after acquiring an additional 9,444,279 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of Southwest Airlines by 24.9% in the fourth quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock worth $179,355,000 after acquiring an additional 1,238,468 shares during the last quarter. Norges Bank bought a new position in shares of Southwest Airlines in the fourth quarter worth about $29,789,000. Nuance Investments LLC bought a new position in shares of Southwest Airlines in the fourth quarter worth about $24,404,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Southwest Airlines in the third quarter worth about $13,193,000. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Stock Up 1.1 %

Southwest Airlines stock opened at $28.37 on Friday. The stock has a market capitalization of $16.98 billion, a PE ratio of 45.03, a price-to-earnings-growth ratio of 1.71 and a beta of 1.15. Southwest Airlines Co. has a twelve month low of $21.91 and a twelve month high of $39.53. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $27.74 and a 200-day moving average of $29.39.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.36) EPS for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The business had revenue of $6.33 billion during the quarter, compared to the consensus estimate of $6.42 billion. Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.27) EPS. On average, equities research analysts anticipate that Southwest Airlines Co. will post 1.03 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, June 18th. Southwest Airlines’s dividend payout ratio is presently 114.29%.

Analyst Ratings Changes

LUV has been the subject of several analyst reports. Susquehanna lowered their price target on shares of Southwest Airlines from $27.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, April 30th. HSBC initiated coverage on shares of Southwest Airlines in a research report on Monday, May 13th. They set a “hold” rating and a $27.80 price target for the company. StockNews.com cut shares of Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Morgan Stanley lowered their price target on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, April 5th. Finally, Sanford C. Bernstein lowered their price target on shares of Southwest Airlines from $27.00 to $26.00 and set a “market perform” rating for the company in a research report on Monday, May 6th. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Southwest Airlines presently has an average rating of “Hold” and an average target price of $29.83.

Southwest Airlines Profile

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.