Southwest Airlines Co. (NYSE:LUV) Stock Holdings Lessened by Court Place Advisors LLC

Court Place Advisors LLC reduced its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 13.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,605 shares of the airline’s stock after selling 2,786 shares during the quarter. Court Place Advisors LLC’s holdings in Southwest Airlines were worth $625,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Public Sector Pension Investment Board increased its stake in shares of Southwest Airlines by 16.4% in the second quarter. Public Sector Pension Investment Board now owns 81,845 shares of the airline’s stock worth $2,342,000 after acquiring an additional 11,517 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Southwest Airlines by 62.2% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 28,643 shares of the airline’s stock worth $819,000 after purchasing an additional 10,984 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of Southwest Airlines by 36.5% during the 2nd quarter. AQR Capital Management LLC now owns 329,366 shares of the airline’s stock worth $9,305,000 after purchasing an additional 88,106 shares in the last quarter. APG Asset Management N.V. lifted its holdings in shares of Southwest Airlines by 235.1% during the 2nd quarter. APG Asset Management N.V. now owns 24,943 shares of the airline’s stock valued at $666,000 after buying an additional 17,500 shares during the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of Southwest Airlines by 28.4% in the 2nd quarter. Mackenzie Financial Corp now owns 559,211 shares of the airline’s stock valued at $15,999,000 after buying an additional 123,520 shares in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

LUV has been the subject of a number of analyst reports. Jefferies Financial Group upgraded shares of Southwest Airlines from an “underperform” rating to a “hold” rating and lifted their target price for the company from $24.00 to $32.00 in a research note on Wednesday, October 9th. UBS Group upped their price objective on shares of Southwest Airlines from $27.00 to $29.00 and gave the stock a “sell” rating in a report on Tuesday, January 7th. Sanford C. Bernstein increased their target price on shares of Southwest Airlines from $30.00 to $33.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Susquehanna boosted their price target on Southwest Airlines from $33.00 to $38.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, Raymond James increased their price objective on Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Six research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $32.31.

Insider Activity at Southwest Airlines

In other Southwest Airlines news, insider Linda B. Rutherford sold 3,849 shares of Southwest Airlines stock in a transaction on Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now owns 89,376 shares in the company, valued at $3,074,534.40. The trade was a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.33% of the company’s stock.

Southwest Airlines Stock Up 1.6 %

Shares of Southwest Airlines stock opened at $32.69 on Tuesday. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.83. The firm has a fifty day moving average price of $33.01 and a two-hundred day moving average price of $30.32. Southwest Airlines Co. has a fifty-two week low of $23.58 and a fifty-two week high of $36.12.

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 26th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Thursday, December 26th. Southwest Airlines’s dividend payout ratio (DPR) is presently -1,028.57%.

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.