Clear Creek Financial Management LLC Has $386,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Clear Creek Financial Management LLC trimmed its holdings in shares of Southwest Airlines Co. (NYSE:LUV) by 7.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,494 shares of the airline’s stock after selling 988 shares during the period. Clear Creek Financial Management LLC’s holdings in Southwest Airlines were worth $386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of LUV. Franklin Resources Inc. grew its stake in Southwest Airlines by 46.2% during the 3rd quarter. Franklin Resources Inc. now owns 30,082,719 shares of the airline’s stock valued at $932,894,000 after acquiring an additional 9,504,201 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in Southwest Airlines by 608.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 3,623,333 shares of the airline’s stock valued at $107,359,000 after purchasing an additional 3,111,946 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Southwest Airlines by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,377,660 shares of the airline’s stock valued at $100,080,000 after buying an additional 46,110 shares during the period. Mizuho Securities USA LLC increased its stake in Southwest Airlines by 6,414.5% in the 3rd quarter. Mizuho Securities USA LLC now owns 3,006,000 shares of the airline’s stock valued at $89,068,000 after buying an additional 2,959,857 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in Southwest Airlines by 6.5% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 2,190,255 shares of the airline’s stock worth $73,636,000 after buying an additional 133,366 shares in the last quarter. 80.82% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Southwest Airlines

In other news, insider Linda B. Rutherford sold 3,849 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $34.40, for a total transaction of $132,405.60. Following the transaction, the insider now owns 89,376 shares in the company, valued at approximately $3,074,534.40. The trade was a 4.13 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Citigroup reaffirmed a “sell” rating and issued a $29.50 price target (down from $31.50) on shares of Southwest Airlines in a research note on Thursday, January 16th. Morgan Stanley reaffirmed an “overweight” rating and issued a $42.00 target price on shares of Southwest Airlines in a research report on Wednesday, December 11th. Sanford C. Bernstein raised their price target on Southwest Airlines from $30.00 to $33.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. boosted their price target on Southwest Airlines from $20.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Finally, Raymond James raised their price objective on shares of Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, December 30th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $32.31.

Southwest Airlines Stock Down 1.9 %

Southwest Airlines stock opened at $30.68 on Monday. The firm has a market cap of $18.40 billion, a price-to-earnings ratio of -438.26, a P/E/G ratio of 3.35 and a beta of 1.14. The firm has a fifty day moving average price of $32.97 and a two-hundred day moving average price of $30.44. Southwest Airlines Co. has a fifty-two week low of $23.58 and a fifty-two week high of $36.12. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.88 and a quick ratio of 0.83.

Southwest Airlines (NYSE:LUV) last announced its earnings results on Thursday, January 30th. The airline reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.11. Southwest Airlines had a positive return on equity of 4.56% and a negative net margin of 0.06%. As a group, analysts forecast that Southwest Airlines Co. will post 0.84 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 26th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date was Thursday, December 26th. Southwest Airlines’s dividend payout ratio (DPR) is currently -1,028.57%.

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.