Southwest Airlines Co. (NYSE:LUV) Stock Holdings Lowered by Curbstone Financial Management Corp

Curbstone Financial Management Corp trimmed its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 7.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,550 shares of the airline’s stock after selling 1,600 shares during the period. Curbstone Financial Management Corp’s holdings in Southwest Airlines were worth $744,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. CoreCap Advisors LLC acquired a new position in shares of Southwest Airlines in the 4th quarter worth $32,000. Samalin Investment Counsel LLC increased its stake in Southwest Airlines by 247.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock worth $32,000 after purchasing an additional 500 shares in the last quarter. Pacific Center for Financial Services acquired a new stake in Southwest Airlines during the 1st quarter worth about $33,000. True Wealth Design LLC purchased a new stake in Southwest Airlines during the fourth quarter valued at about $38,000. Finally, ICA Group Wealth Management LLC acquired a new position in shares of Southwest Airlines in the fourth quarter worth about $42,000. Institutional investors and hedge funds own 78.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LUV shares. BNP Paribas lowered shares of Southwest Airlines from an “outperform” rating to a “neutral” rating and set a $34.00 price target on the stock. in a report on Wednesday, September 6th. 22nd Century Group reissued a “maintains” rating on shares of Southwest Airlines in a research note on Monday, June 26th. Redburn Partners lowered shares of Southwest Airlines from a “neutral” rating to a “sell” rating and set a $27.00 price objective on the stock. in a research report on Monday, August 7th. TD Cowen cut their price target on Southwest Airlines from $40.00 to $37.00 and set an “outperform” rating for the company in a report on Friday, July 28th. Finally, Evercore ISI lowered their price objective on shares of Southwest Airlines from $42.00 to $38.00 and set an “outperform” rating on the stock in a research note on Monday, August 28th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $36.99.

Southwest Airlines Price Performance

Shares of NYSE:LUV traded up $0.17 during trading on Thursday, reaching $28.96. The stock had a trading volume of 1,254,200 shares, compared to its average volume of 7,116,550. The stock has a market capitalization of $17.25 billion, a PE ratio of 32.72, a P/E/G ratio of 0.59 and a beta of 1.17. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.25 and a quick ratio of 1.19. Southwest Airlines Co. has a 52 week low of $28.36 and a 52 week high of $40.38. The business’s 50-day moving average price is $33.52 and its 200 day moving average price is $32.32.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, July 27th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.08 by $0.01. The firm had revenue of $7.04 billion during the quarter, compared to the consensus estimate of $6.98 billion. Southwest Airlines had a return on equity of 5.81% and a net margin of 2.31%. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.30 EPS. As a group, equities analysts predict that Southwest Airlines Co. will post 2.06 earnings per share for the current year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 27th. Investors of record on Wednesday, September 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, September 5th. This represents a $0.72 annualized dividend and a yield of 2.49%. Southwest Airlines’s dividend payout ratio (DPR) is 81.82%.

Southwest Airlines Company Profile

Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; 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.