Community Bank & Trust Waco Texas Sells 32,144 Shares of Southwest Airlines Co. (NYSE:LUV)

Community Bank & Trust Waco Texas reduced its position in Southwest Airlines Co. (NYSE:LUV - Free Report) by 76.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,869 shares of the airline's stock after selling 32,144 shares during the period. Community Bank & Trust Waco Texas' holdings in Southwest Airlines were worth $285,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Motco grew its position in Southwest Airlines by 151.0% in the third quarter. Motco now owns 1,187 shares of the airline's stock worth $32,000 after acquiring an additional 714 shares in the last quarter. Keener Financial Planning LLC bought a new stake in Southwest Airlines in the fourth quarter worth $40,000. Farmers & Merchants Trust Co of Chambersburg PA increased its position in Southwest Airlines by 24.4% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,115 shares of the airline's stock worth $61,000 after buying an additional 415 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Southwest Airlines during the third quarter valued at about $74,000. Finally, ING Groep NV acquired a new position in shares of Southwest Airlines during the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 80.82% of the company's stock.

Southwest Airlines Price Performance

LUV stock traded down $0.27 during trading on Tuesday, hitting $29.46. 7,001,038 shares of the stock traded hands, compared to its average volume of 8,316,646. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. The stock has a market cap of $17.62 billion, a price-to-earnings ratio of 39.28, a P/E/G ratio of 1.04 and a beta of 1.15. Southwest Airlines Co. has a one year low of $21.91 and a one year high of $39.53. The company has a 50 day simple moving average of $30.71 and a 200 day simple moving average of $28.53.

Southwest Airlines (NYSE:LUV - Get Free Report) last announced its earnings results on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $6.75 billion. During the same period in the previous year, the business earned ($0.38) EPS. Southwest Airlines's revenue was up 10.5% compared to the same quarter last year. Equities analysts expect that Southwest Airlines Co. will post 1.49 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th were paid a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, March 5th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.44%. Southwest Airlines's dividend payout ratio (DPR) is presently 96.00%.

Analysts Set New Price Targets

LUV has been the subject of a number of recent analyst reports. Sanford C. Bernstein raised Southwest Airlines from an "underperform" rating to a "market perform" rating and upped their target price for the stock from $26.00 to $32.00 in a research report on Tuesday, February 20th. Argus raised shares of Southwest Airlines from a "hold" rating to a "buy" rating and set a $40.00 target price for the company in a research report on Tuesday, March 12th. Deutsche Bank Aktiengesellschaft upgraded shares of Southwest Airlines from a "hold" rating to a "buy" rating and upped their price target for the company from $28.00 to $42.00 in a report on Tuesday, February 20th. UBS Group started coverage on Southwest Airlines in a research note on Wednesday, March 20th. They issued a "buy" rating and a $36.00 price objective on the stock. Finally, Evercore ISI restated an "inline" rating and set a $35.00 target price on shares of Southwest Airlines in a research note on Tuesday, January 2nd. Four 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. According to MarketBeat.com, Southwest Airlines has a consensus rating of "Hold" and a consensus price target of $31.82.

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.