Crossmark Global Holdings Inc. Has $956,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Crossmark Global Holdings Inc. raised its stake in shares of Southwest Airlines Co. (NYSE:LUVFree Report) by 4.3% during the fourth quarter, Holdings Channel reports. The firm owned 33,125 shares of the airline’s stock after buying an additional 1,371 shares during the period. Crossmark Global Holdings Inc.’s holdings in Southwest Airlines were worth $956,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Arizona State Retirement System boosted its stake in Southwest Airlines by 0.8% in the 4th quarter. Arizona State Retirement System now owns 40,926 shares of the airline’s stock valued at $1,182,000 after buying an additional 339 shares in the last quarter. TRUE Private Wealth Advisors grew its holdings in shares of Southwest Airlines by 2.2% in the 4th quarter. TRUE Private Wealth Advisors now owns 17,383 shares of the airline’s stock worth $502,000 after purchasing an additional 369 shares during the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Southwest Airlines by 82.8% during the 4th quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock worth $26,000 after purchasing an additional 414 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA increased its position in shares of Southwest Airlines by 24.4% during the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 2,115 shares of the airline’s stock worth $61,000 after purchasing an additional 415 shares in the last quarter. Finally, Waverly Advisors LLC lifted its holdings in Southwest Airlines by 4.3% during the 3rd quarter. Waverly Advisors LLC now owns 10,071 shares of the airline’s stock valued at $273,000 after purchasing an additional 419 shares during the last quarter. 80.82% of the stock is currently owned by institutional investors.

Southwest Airlines Price Performance

Shares of LUV opened at $29.72 on Tuesday. The stock has a market cap of $17.78 billion, a P/E ratio of 47.17, a price-to-earnings-growth ratio of 1.49 and a beta of 1.15. Southwest Airlines Co. has a 1 year low of $21.91 and a 1 year high of $39.53. The stock’s 50-day moving average price is $27.72 and its two-hundred day moving average price is $29.27. The company has a current ratio of 1.09, a quick ratio of 1.02 and a debt-to-equity ratio of 0.78.

Southwest Airlines (NYSE:LUVGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The firm had revenue of $6.33 billion for the quarter, compared to the consensus estimate of $6.42 billion. During the same period in the previous year, the business earned ($0.27) EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Southwest Airlines Co. will post 1.05 earnings per share for the current year.

Southwest Airlines Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 19th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Tuesday, June 18th. Southwest Airlines’s dividend payout ratio is currently 114.29%.

Wall Street Analyst Weigh In

Several analysts have weighed in on LUV shares. Morgan Stanley decreased their price objective 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. StockNews.com lowered Southwest Airlines from a “hold” rating to a “sell” rating in a research report on Friday, April 12th. Deutsche Bank Aktiengesellschaft upgraded Southwest Airlines from a “hold” rating to a “buy” rating and raised their target price for the company from $28.00 to $42.00 in a research note on Tuesday, February 20th. Sanford C. Bernstein reduced their price target on shares of Southwest Airlines from $27.00 to $26.00 and set a “market perform” rating on the stock in a research report on Monday, May 6th. Finally, Jefferies Financial Group lowered shares of Southwest Airlines from a “hold” rating to an “underperform” rating and decreased their price objective for the stock from $28.00 to $20.00 in a report on Monday, April 29th. Five analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $29.88.

Check Out Our Latest Research Report on Southwest Airlines

Southwest Airlines Profile

(Free Report)

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.

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

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