Avior Wealth Management LLC Has $416,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Avior Wealth Management LLC increased its position in Southwest Airlines Co. (NYSE:LUV) by 12.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 14,416 shares of the airline’s stock after purchasing an additional 1,593 shares during the quarter. Avior Wealth Management LLC’s holdings in Southwest Airlines were worth $416,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Samalin Investment Counsel LLC boosted its stake in Southwest Airlines by 247.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock valued at $32,000 after purchasing an additional 500 shares during the last quarter. Pacific Center for Financial Services acquired a new position in Southwest Airlines during the 1st quarter valued at about $33,000. UniSuper Management Pty Ltd acquired a new position in Southwest Airlines during the 2nd quarter valued at about $36,000. True Wealth Design LLC acquired a new position in Southwest Airlines during the 4th quarter valued at about $38,000. Finally, Tyler Stone Wealth Management acquired a new position in Southwest Airlines during the 2nd quarter valued at about $41,000. 80.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Argus upgraded Southwest Airlines from a “hold” rating to a “buy” rating and set a $40.00 price target for the company in a research note on Tuesday, March 12th. Jefferies Financial Group raised Southwest Airlines from an “underperform” rating to a “hold” rating and upped their target price for the company from $20.00 to $28.00 in a report on Wednesday, March 13th. UBS Group began coverage on Southwest Airlines in a research report on Wednesday, March 20th. They set a “buy” rating and a $36.00 price target for the company. Susquehanna reduced their price objective on Southwest Airlines from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, April 9th. Finally, Evercore ISI restated an “inline” rating and issued a $35.00 price objective on shares of Southwest Airlines in a research note on Tuesday, January 2nd. Four research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $31.82.

Southwest Airlines Trading Up 1.0 %

LUV opened at $29.06 on Friday. The stock has a market cap of $17.39 billion, a PE ratio of 38.75, a PEG ratio of 1.02 and a beta of 1.15. The company has a quick ratio of 1.07, a current ratio of 1.14 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $30.89 and a 200-day moving average of $28.46. Southwest Airlines Co. has a 52 week low of $21.91 and a 52 week high of $39.53.

Southwest Airlines (NYSE:LUV) last released its earnings results on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.25. The company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.75 billion. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. The firm’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter last year, the business posted ($0.38) EPS. Equities research analysts predict that Southwest Airlines Co. will post 1.49 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines’s payout ratio is presently 96.00%.

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.