WINTON GROUP Ltd Purchases 23,918 Shares of Southwest Airlines Co. $LUV

WINTON GROUP Ltd boosted its position in Southwest Airlines Co. (NYSE:LUV) by 73.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 56,330 shares of the airline’s stock after acquiring an additional 23,918 shares during the quarter. WINTON GROUP Ltd’s holdings in Southwest Airlines were worth $1,827,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Elevation Point Wealth Partners LLC acquired a new position in Southwest Airlines in the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Southwest Airlines during the 2nd quarter valued at about $31,000. Hantz Financial Services Inc. grew its position in shares of Southwest Airlines by 81.4% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,056 shares of the airline’s stock worth $34,000 after buying an additional 474 shares during the period. Armstrong Advisory Group Inc. acquired a new stake in Southwest Airlines in the second quarter worth $42,000. Finally, TD Private Client Wealth LLC increased its position in Southwest Airlines by 67.8% in the 2nd quarter. TD Private Client Wealth LLC now owns 1,448 shares of the airline’s stock valued at $47,000 after buying an additional 585 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their price objective on shares of Southwest Airlines from $33.00 to $34.00 and gave the company a “hold” rating in a report on Tuesday, December 2nd. JPMorgan Chase & Co. lifted their price objective on shares of Southwest Airlines from $35.00 to $36.00 and gave the stock an “underweight” rating in a research report on Friday, October 24th. Wall Street Zen raised shares of Southwest Airlines from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Susquehanna lifted their target price on Southwest Airlines from $30.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, October 3rd. Finally, UBS Group lowered their price objective on Southwest Airlines from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Friday, October 24th. Four research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $35.88.

Southwest Airlines Price Performance

LUV opened at $38.20 on Wednesday. Southwest Airlines Co. has a 1 year low of $23.82 and a 1 year high of $38.70. The firm has a market cap of $19.75 billion, a PE ratio of 58.76, a P/E/G ratio of 0.70 and a beta of 1.17. The stock has a 50-day moving average price of $33.05 and a 200-day moving average price of $32.78. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.49 and a quick ratio of 0.42.

Southwest Airlines (NYSE:LUV) last posted its earnings results on Tuesday, February 6th. The airline reported ($0.38) earnings per share (EPS) for the quarter. The company had revenue of $6.17 billion for the quarter. Southwest Airlines had a net margin of 1.38% and a return on equity of 6.39%. Sell-side analysts predict that Southwest Airlines Co. will post 1.55 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, December 26th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, December 26th. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. Southwest Airlines’s dividend payout ratio (DPR) is currently 110.77%.

About Southwest Airlines

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.