Quantinno Capital Management LP Has $3.15 Million Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Quantinno Capital Management LP raised its holdings in Southwest Airlines Co. (NYSE:LUV - Free Report) by 95.2% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 93,717 shares of the airline's stock after acquiring an additional 45,707 shares during the quarter. Quantinno Capital Management LP's holdings in Southwest Airlines were worth $3,151,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Kestra Investment Management LLC purchased a new stake in Southwest Airlines in the fourth quarter valued at about $26,000. Raleigh Capital Management Inc. raised its position in shares of Southwest Airlines by 186.7% in the fourth quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline's stock worth $30,000 after acquiring an additional 575 shares during the period. Sanctuary Wealth Management L.L.C. raised its position in shares of Southwest Airlines by 196.3% in the fourth quarter. Sanctuary Wealth Management L.L.C. now owns 889 shares of the airline's stock worth $30,000 after acquiring an additional 589 shares during the period. VSM Wealth Advisory LLC acquired a new position in shares of Southwest Airlines during the 4th quarter worth about $42,000. Finally, Millstone Evans Group LLC acquired a new position in shares of Southwest Airlines during the 4th quarter worth about $53,000. Institutional investors own 80.82% of the company's stock.

Insider Activity at Southwest Airlines

In other news, Director David P. Hess acquired 7,500 shares of Southwest Airlines stock in a transaction on Monday, April 28th. The stock was bought at an average cost of $26.52 per share, with a total value of $198,900.00. Following the completion of the purchase, the director now owns 23,156 shares of the company's stock, valued at $614,097.12. This represents a 47.90% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Gregg A. Saretsky purchased 3,670 shares of Southwest Airlines stock in a transaction dated Wednesday, April 30th. The stock was bought at an average cost of $27.29 per share, with a total value of $100,154.30. Following the completion of the transaction, the director now directly owns 14,881 shares of the company's stock, valued at $406,102.49. This represents a 32.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 16,670 shares of company stock worth $464,944 in the last 90 days. Corporate insiders own 0.79% of the company's stock.

Analyst Ratings Changes

LUV has been the subject of several research reports. Susquehanna dropped their price objective on shares of Southwest Airlines from $34.00 to $25.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Melius upgraded shares of Southwest Airlines from a "sell" rating to a "hold" rating in a report on Thursday, March 20th. Raymond James reiterated an "outperform" rating and set a $40.00 target price (down from $42.00) on shares of Southwest Airlines in a report on Tuesday, April 29th. Melius Research upgraded shares of Southwest Airlines from a "sell" rating to a "hold" rating and raised their price objective for the company from $28.00 to $34.00 in a report on Thursday, March 20th. Finally, Barclays reduced their price objective on shares of Southwest Airlines from $32.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Six research analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $30.59.

Southwest Airlines Stock Performance

Shares of NYSE:LUV traded down $0.59 on Thursday, reaching $31.17. 17,703,685 shares of the company's stock were exchanged, compared to its average volume of 10,133,073. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 43.29, a PEG ratio of 0.97 and a beta of 1.18. Southwest Airlines Co. has a fifty-two week low of $23.58 and a fifty-two week high of $36.12. The business's 50-day moving average is $29.52 and its two-hundred day moving average is $31.10. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.49.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its earnings results on Wednesday, April 23rd. The airline reported ($0.13) earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.05. The company had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.47 billion. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.77%. The firm's revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.36) earnings per share. As a group, equities research analysts forecast that Southwest Airlines Co. will post 1.55 EPS for the current year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.31%. Southwest Airlines's dividend payout ratio (DPR) is 84.71%.

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.