Lbp Am Sa Has $8.64 Million Stock Position in Southwest Airlines Co. (NYSE:LUV)

LBP AM SA lessened its holdings in Southwest Airlines Co. (NYSE:LUV - Free Report) by 3.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 257,156 shares of the airline's stock after selling 9,742 shares during the quarter. LBP AM SA's holdings in Southwest Airlines were worth $8,635,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC lifted its position in shares of Southwest Airlines by 3,538.6% in the first quarter. GAMMA Investing LLC now owns 326,129 shares of the airline's stock worth $10,951,000 after purchasing an additional 317,166 shares in the last quarter. HighTower Advisors LLC increased its holdings in Southwest Airlines by 14.7% during the fourth quarter. HighTower Advisors LLC now owns 75,531 shares of the airline's stock worth $2,539,000 after buying an additional 9,668 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in Southwest Airlines by 10.4% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,625 shares of the airline's stock worth $2,137,000 after buying an additional 5,981 shares during the last quarter. Exchange Traded Concepts LLC increased its holdings in Southwest Airlines by 7.0% during the first quarter. Exchange Traded Concepts LLC now owns 11,625 shares of the airline's stock worth $390,000 after buying an additional 759 shares during the last quarter. Finally, Tidal Investments LLC increased its holdings in Southwest Airlines by 25.1% during the fourth quarter. Tidal Investments LLC now owns 55,691 shares of the airline's stock worth $1,872,000 after buying an additional 11,173 shares during the last quarter. Institutional investors own 80.82% of the company's stock.

Insider Transactions at Southwest Airlines

In related news, Director David P. Hess acquired 7,500 shares of the stock in a transaction dated Monday, April 28th. The stock was bought at an average cost of $26.52 per share, for a total transaction of $198,900.00. Following the completion of the transaction, the director directly owned 23,156 shares of the company's stock, valued at $614,097.12. The trade was a 47.90% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Gregg A. Saretsky acquired 3,670 shares of the stock in a transaction dated Wednesday, April 30th. The shares were bought at an average price of $27.29 per share, with a total value of $100,154.30. Following the completion of the transaction, the director directly owned 14,881 shares of the company's stock, valued at $406,102.49. The trade was a 32.74% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.79% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on LUV. Susquehanna lowered their target price on shares of Southwest Airlines from $34.00 to $25.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. UBS Group boosted their target price on shares of Southwest Airlines from $27.00 to $34.00 and gave the stock a "neutral" rating in a report on Monday. Deutsche Bank Aktiengesellschaft upgraded shares of Southwest Airlines from a "hold" rating to a "buy" rating and set a $40.00 target price on the stock in a report on Thursday, May 29th. Jefferies Financial Group upgraded shares of Southwest Airlines from an "underperform" rating to a "hold" rating and upped their price objective for the company from $24.00 to $33.00 in a report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Southwest Airlines from $25.00 to $30.00 and gave the company an "underweight" rating in a report on Tuesday, March 18th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.81.

Southwest Airlines Trading Down 0.4%

Southwest Airlines stock traded down $0.16 during trading hours on Friday, hitting $37.20. The stock had a trading volume of 6,126,822 shares, compared to its average volume of 11,829,235. The company has a quick ratio of 0.72, a current ratio of 0.77 and a debt-to-equity ratio of 0.44. The stock has a market cap of $21.20 billion, a price-to-earnings ratio of 43.76, a P/E/G ratio of 5.24 and a beta of 1.21. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $37.85. The business's 50 day simple moving average is $32.33 and its 200-day simple moving average is $31.14.

Southwest Airlines (NYSE:LUV - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The airline reported ($0.13) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.05. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.47 billion. Southwest Airlines had a return on equity of 7.27% and a net margin of 1.98%. The business's quarterly revenue was up 1.6% on a year-over-year basis. During the same period last year, the company earned ($0.36) earnings per share. On average, equities analysts predict that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a dividend of $0.18 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.94%. Southwest Airlines's dividend payout ratio (DPR) is 84.71%.

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.