Southwest Airlines Co. (NYSE:LUV) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in Southwest Airlines Co. (NYSE:LUV) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 71,857 shares of the airline’s stock after selling 1,937 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Southwest Airlines were worth $2,416,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in LUV. Kestra Investment Management LLC acquired a new position in shares of Southwest Airlines in the 4th quarter valued at $26,000. Raleigh Capital Management Inc. lifted its holdings in shares of Southwest Airlines by 186.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock valued at $30,000 after acquiring an additional 575 shares in the last quarter. Ashton Thomas Securities LLC acquired a new position in shares of Southwest Airlines during the 3rd quarter valued at $33,000. TD Private Client Wealth LLC lifted its holdings in shares of Southwest Airlines by 41.1% during the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock valued at $35,000 after acquiring an additional 345 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Southwest Airlines by 34.1% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 1,770 shares of the airline’s stock valued at $60,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Southwest Airlines Price Performance

LUV opened at $29.20 on Friday. The company has a 50-day moving average of $31.44 and a 200-day moving average of $31.10. The company has a market capitalization of $17.30 billion, a P/E ratio of 40.55, a PEG ratio of 0.97 and a beta of 1.10. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.92.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. Equities analysts expect that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.47%. The ex-dividend date of this dividend is Wednesday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Morgan Stanley restated an “overweight” rating and set a $42.00 target price on shares of Southwest Airlines in a report on Wednesday, December 11th. Argus upgraded shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $35.00 target price on the stock in a report on Tuesday, February 11th. Raymond James lifted their target price on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Susquehanna reduced their target price on shares of Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Sanford C. Bernstein lifted their price target on shares of Southwest Airlines from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.72.

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.