International Assets Investment Management LLC Has $4.33 Million Holdings in Southwest Airlines Co. (NYSE:LUV)

International Assets Investment Management LLC lifted its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 2,207.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 149,797 shares of the airline's stock after acquiring an additional 143,304 shares during the period. International Assets Investment Management LLC's holdings in Southwest Airlines were worth $4,326,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in LUV. Samalin Investment Counsel LLC increased its stake in shares of Southwest Airlines by 247.5% in the first quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline's stock valued at $32,000 after buying an additional 500 shares during the period. Pacific Center for Financial Services bought a new position in Southwest Airlines in the 1st quarter worth about $33,000. UniSuper Management Pty Ltd purchased a new position in shares of Southwest Airlines during the 2nd quarter valued at about $36,000. True Wealth Design LLC purchased a new position in Southwest Airlines in the 4th quarter worth approximately $38,000. Finally, Tyler Stone Wealth Management purchased a new position in shares of Southwest Airlines during the second quarter valued at approximately $41,000. 80.82% of the stock is owned by institutional investors.

Southwest Airlines Price Performance

LUV traded up $0.73 during trading on Wednesday, reaching $28.78. 7,943,888 shares of the company traded hands, compared to its average volume of 8,387,864. The company has a market cap of $17.22 billion, a P/E ratio of 38.37, a PEG ratio of 0.96 and a beta of 1.15. The firm has a fifty day simple moving average of $30.96 and a 200 day simple moving average of $28.46. Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $39.53. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.14.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.25. Southwest Airlines had a return on equity of 9.40% and a net margin of 1.91%. The business had revenue of $6.82 billion for the quarter, compared to analyst estimates of $6.75 billion. During the same quarter in the previous year, the firm earned ($0.38) earnings per share. The company's revenue was up 10.5% on a year-over-year basis. On average, equities analysts forecast that Southwest Airlines Co. will post 1.52 EPS for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Wednesday, March 6th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend was Tuesday, March 5th. Southwest Airlines's payout ratio is currently 96.00%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on LUV shares. Evercore ISI reiterated an "inline" rating and issued a $35.00 price target on shares of Southwest Airlines in a report on Tuesday, January 2nd. TD Cowen upped their price objective on shares of Southwest Airlines from $20.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, January 26th. Jefferies Financial Group raised shares of Southwest Airlines from an "underperform" rating to a "hold" rating and upped their price objective for the company from $20.00 to $28.00 in a research report on Wednesday, March 13th. Morgan Stanley cut their target price on shares of Southwest Airlines from $40.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. upped their target price on shares of Southwest Airlines from $24.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, January 26th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $31.82.

Southwest Airlines Company 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.