7,071 Shares in Southwest Airlines Co. (NYSE:LUV) Bought by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC bought a new stake in Southwest Airlines Co. (NYSE:LUVFree Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,071 shares of the airline’s stock, valued at approximately $206,000.

Several other hedge funds and other institutional investors have also made changes to their positions in LUV. Hexagon Capital Partners LLC raised its position in Southwest Airlines by 374.0% in the 4th quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock worth $25,000 after purchasing an additional 677 shares during the period. Capital Advisors Ltd. LLC raised its holdings in shares of Southwest Airlines by 82.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after buying an additional 414 shares during the period. First Horizon Advisors Inc. bought a new stake in shares of Southwest Airlines during the 4th quarter worth approximately $29,000. ICA Group Wealth Management LLC bought a new stake in shares of Southwest Airlines during the 4th quarter worth approximately $29,000. Finally, Pineridge Advisors LLC bought a new position in Southwest Airlines in the 4th quarter valued at $32,000. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LUV shares. UBS Group began coverage on Southwest Airlines in a research report on Wednesday, March 20th. They set a “buy” rating and a $36.00 target price for the company. Melius reissued a “sell” rating and issued a $26.00 price objective on shares of Southwest Airlines in a research report on Monday, June 10th. HSBC started coverage on shares of Southwest Airlines in a research note on Monday, May 13th. They issued a “hold” rating and a $27.80 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their price target on Southwest Airlines from $37.00 to $32.00 and set a “buy” rating for the company in a report on Monday. Finally, Argus restated a “hold” rating on shares of Southwest Airlines in a report on Tuesday, May 28th. Five investment 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’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $29.31.

View Our Latest Stock Report on Southwest Airlines

Southwest Airlines Stock Up 0.6 %

LUV traded up $0.17 during trading on Wednesday, hitting $27.64. The stock had a trading volume of 12,547,219 shares, compared to its average volume of 9,182,948. The stock has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $29.32. The company has a market capitalization of $16.54 billion, a PE ratio of 43.87, a PEG ratio of 2.08 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09. Southwest Airlines Co. has a twelve month low of $21.91 and a twelve month high of $39.53.

Southwest Airlines (NYSE:LUVGet Free Report) last announced its earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The business had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter last year, the firm earned ($0.27) earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts predict that Southwest Airlines Co. will post 0.82 earnings per share for the current year.

Southwest Airlines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 19th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.61%. The ex-dividend date is Tuesday, June 18th. Southwest Airlines’s payout ratio is currently 114.29%.

About Southwest Airlines

(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.

See Also

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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