Navigation Wealth Management Inc. Has $213,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Navigation Wealth Management Inc. cut its holdings in Southwest Airlines Co. (NYSE:LUV) by 81.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,302 shares of the airline’s stock after selling 31,469 shares during the quarter. Southwest Airlines accounts for 86.2% of Navigation Wealth Management Inc.’s investment portfolio, making the stock its largest holding. Navigation Wealth Management Inc.’s holdings in Southwest Airlines were worth $213,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Arizona State Retirement System lifted its position in shares of Southwest Airlines by 0.8% during the 4th quarter. Arizona State Retirement System now owns 40,926 shares of the airline’s stock valued at $1,182,000 after acquiring an additional 339 shares during the period. TRUE Private Wealth Advisors increased its stake in Southwest Airlines by 2.2% in the fourth quarter. TRUE Private Wealth Advisors now owns 17,383 shares of the airline’s stock valued at $502,000 after purchasing an additional 369 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in shares of Southwest Airlines by 0.6% during the first quarter. State of Alaska Department of Revenue now owns 64,743 shares of the airline’s stock valued at $1,889,000 after purchasing an additional 370 shares during the period. Brookstone Capital Management boosted its position in shares of Southwest Airlines by 5.0% during the 1st quarter. Brookstone Capital Management now owns 8,055 shares of the airline’s stock worth $235,000 after purchasing an additional 382 shares in the last quarter. Finally, Capital Advisors Ltd. LLC grew its stake in shares of Southwest Airlines by 82.8% in the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock valued at $26,000 after buying an additional 414 shares during the period. 80.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Argus reissued a “hold” rating on shares of Southwest Airlines in a research note on Tuesday, May 28th. HSBC initiated coverage on shares of Southwest Airlines in a research report on Monday, May 13th. They issued a “hold” rating and a $27.80 price target for the company. Barclays dropped their price objective on shares of Southwest Airlines from $30.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Susquehanna decreased their target price 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. Finally, Raymond James reaffirmed an “outperform” rating and issued a $30.00 price target (down previously from $33.00) on shares of Southwest Airlines in a research report on Friday, April 26th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, Southwest Airlines has a consensus rating of “Hold” and a consensus price target of $29.83.

Southwest Airlines Stock Performance

LUV traded up $0.29 during trading on Thursday, hitting $28.58. 8,222,093 shares of the company traded hands, compared to its average volume of 9,710,601. The firm has a market cap of $17.10 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 2.02 and a beta of 1.15. The company has a quick ratio of 1.02, a current ratio of 1.09 and a debt-to-equity ratio of 0.78. Southwest Airlines Co. has a one year low of $21.91 and a one year high of $39.53. The stock’s fifty day moving average is $27.66 and its 200 day moving average is $29.37.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share (EPS) 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 company had revenue of $6.33 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the business earned ($0.27) EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Southwest Airlines Co. will post 0.88 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, June 19th will be paid a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.72 annualized dividend and a dividend yield of 2.52%. Southwest Airlines’s payout ratio is 114.29%.

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.