4,602 Shares in Southwest Airlines Co. (NYSE:LUV) Purchased by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. acquired a new stake in Southwest Airlines Co. (NYSE:LUV) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 4,602 shares of the airline’s stock, valued at approximately $155,000.

Several other large investors also recently modified their holdings of LUV. Studio Investment Management LLC raised its stake in Southwest Airlines by 5.2% during the 3rd quarter. Studio Investment Management LLC now owns 6,978 shares of the airline’s stock worth $207,000 after buying an additional 343 shares during the period. TD Private Client Wealth LLC raised its position in shares of Southwest Airlines by 41.1% during the third quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock worth $35,000 after purchasing an additional 345 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of Southwest Airlines by 3.8% during the 4th quarter. Avior Wealth Management LLC now owns 10,116 shares of the airline’s stock valued at $340,000 after purchasing an additional 369 shares in the last quarter. V Square Quantitative Management LLC grew its position in shares of Southwest Airlines by 3.9% in the 4th quarter. V Square Quantitative Management LLC now owns 9,822 shares of the airline’s stock valued at $330,000 after purchasing an additional 369 shares during the period. Finally, Wahed Invest LLC increased its stake in Southwest Airlines by 11.5% during the 3rd quarter. Wahed Invest LLC now owns 3,638 shares of the airline’s stock worth $108,000 after purchasing an additional 375 shares in the last quarter. 80.82% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director C. David Cush bought 5,000 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $30.03 per share, with a total value of $150,150.00. Following the completion of the acquisition, the director now owns 19,011 shares of the company’s stock, valued at $570,900.33. This represents a 35.69 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on LUV. Morgan Stanley reiterated an “overweight” rating and issued a $42.00 price target on shares of Southwest Airlines in a report on Wednesday, December 11th. UBS Group raised Southwest Airlines from a “sell” rating to a “neutral” rating and lifted their price target for the company from $29.00 to $36.00 in a research note on Thursday. Citigroup restated a “sell” rating and issued a $29.50 price target (down from $31.50) on shares of Southwest Airlines in a report on Thursday, January 16th. Barclays lifted their target price on Southwest Airlines from $32.00 to $35.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Finally, Bank of America reaffirmed an “underperform” rating and set a $31.00 price target (down previously from $33.00) on shares of Southwest Airlines in a research report on Friday, January 17th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Southwest Airlines currently has a consensus rating of “Hold” and an average price target of $32.52.

Southwest Airlines Stock Up 2.0 %

LUV stock opened at $34.84 on Friday. The business’s 50 day simple moving average is $31.16 and its 200 day simple moving average is $31.38. Southwest Airlines Co. has a 1-year low of $23.58 and a 1-year high of $36.12. The firm has a market capitalization of $20.65 billion, a PE ratio of 48.39, a PEG ratio of 0.97 and a beta of 1.10. The company has a current ratio of 0.92, a quick ratio of 0.85 and a debt-to-equity ratio of 0.49.

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

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Stockholders of record on Wednesday, March 12th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, March 12th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.07%. Southwest Airlines’s dividend payout ratio (DPR) is currently 100.00%.

About Southwest Airlines

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.