Swiss National Bank Reduces Holdings in Southwest Airlines Co. (NYSE:LUV)

Swiss National Bank trimmed its holdings in shares of Southwest Airlines Co. (NYSE:LUVFree Report) by 10.8% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 476,900 shares of the airline’s stock after selling 57,900 shares during the period. Swiss National Bank’s holdings in Southwest Airlines were worth $12,910,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Vanguard Group Inc. raised its stake in Southwest Airlines by 2.0% in the 1st quarter. Vanguard Group Inc. now owns 63,028,745 shares of the airline’s stock valued at $2,886,717,000 after purchasing an additional 1,213,767 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Southwest Airlines by 39.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 21,991,802 shares of the airline’s stock valued at $715,615,000 after purchasing an additional 6,244,136 shares during the last quarter. T. Rowe Price Investment Management Inc. raised its stake in Southwest Airlines by 7.5% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 18,213,320 shares of the airline’s stock valued at $613,243,000 after purchasing an additional 1,269,782 shares during the last quarter. Moneta Group Investment Advisors LLC raised its stake in Southwest Airlines by 91,675.0% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 15,296,139 shares of the airline’s stock valued at $515,021,000 after purchasing an additional 15,279,472 shares during the last quarter. Finally, Capital World Investors raised its stake in Southwest Airlines by 356.1% in the 2nd quarter. Capital World Investors now owns 15,168,998 shares of the airline’s stock valued at $549,269,000 after purchasing an additional 11,843,216 shares during the last quarter. 78.22% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on LUV. BNP Paribas downgraded Southwest Airlines from a “neutral” rating to an “underperform” rating and set a $20.00 price objective for the company. in a research note on Friday, November 10th. Morgan Stanley dropped their target price on Southwest Airlines from $50.00 to $47.00 and set an “overweight” rating for the company in a report on Tuesday, October 31st. Barclays upped their target price on Southwest Airlines from $27.00 to $32.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. Evercore ISI restated an “inline” rating and issued a $35.00 target price on shares of Southwest Airlines in a report on Tuesday, January 2nd. Finally, Raymond James upped their target price on Southwest Airlines from $34.00 to $36.00 and gave the company an “outperform” rating in a report on Friday, January 26th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.69.

Check Out Our Latest Stock Analysis on LUV

Southwest Airlines Stock Performance

NYSE LUV opened at $32.49 on Monday. The stock has a market cap of $19.39 billion, a PE ratio of 43.32, a P/E/G ratio of 0.97 and a beta of 1.14. The company has a current ratio of 1.14, a quick ratio of 1.07 and a debt-to-equity ratio of 0.76. Southwest Airlines Co. has a twelve month low of $21.91 and a twelve month high of $39.53. The stock has a fifty day simple moving average of $29.50 and a 200-day simple moving average of $28.46.

Southwest Airlines (NYSE:LUVGet Free Report) last announced its earnings results on Thursday, January 25th. The airline reported $0.37 EPS for the quarter, beating 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 company had revenue of $6.82 billion during the quarter, compared to analysts’ expectations of $6.75 billion. During the same period last year, the business posted ($0.38) EPS. Southwest Airlines’s revenue for the quarter was up 10.5% on a year-over-year basis. Equities analysts anticipate that Southwest Airlines Co. will post 1.83 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Investors of record on Wednesday, March 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines’s dividend payout ratio (DPR) is 96.00%.

Southwest Airlines Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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