Copperwynd Financial LLC Has $537,000 Stake in Southwest Airlines Co. (NYSE:LUV)

Copperwynd Financial LLC decreased its position in Southwest Airlines Co. (NYSE:LUV) by 5.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,964 shares of the airline’s stock after selling 925 shares during the quarter. Copperwynd Financial LLC’s holdings in Southwest Airlines were worth $537,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in LUV. Kestra Investment Management LLC acquired a new position in shares of Southwest Airlines in the fourth quarter valued at approximately $26,000. Raleigh Capital Management Inc. grew its position in Southwest Airlines by 186.7% during the fourth quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock worth $30,000 after buying an additional 575 shares in the last quarter. Ashton Thomas Securities LLC acquired a new stake in Southwest Airlines during the third quarter worth approximately $33,000. TD Private Client Wealth LLC grew its position in Southwest Airlines by 41.1% during the third quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock worth $35,000 after buying an additional 345 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its position in Southwest Airlines by 90.0% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,642 shares of the airline’s stock worth $55,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued an “underweight” rating and set a $25.00 price target on shares of Southwest Airlines in a research report on Monday, March 3rd. TD Cowen increased their price target on Southwest Airlines from $25.00 to $28.00 and gave the stock a “hold” rating in a research report on Friday, December 6th. UBS Group increased their price target on Southwest Airlines from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Tuesday, January 7th. Susquehanna reduced their target price on Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Finally, Raymond James raised their target price on Southwest Airlines from $36.00 to $40.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Seven research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.72.

Insiders Place Their Bets

In related news, Director C. David Cush bought 5,000 shares of the business’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $30.03 per share, with a total value of $150,150.00. Following the acquisition, the director now owns 19,011 shares of the company’s stock, valued at $570,900.33. This represents a 35.69 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.33% of the company’s stock.

Southwest Airlines Trading Up 2.4 %

NYSE LUV opened at $31.74 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.92 and a debt-to-equity ratio of 0.49. Southwest Airlines Co. has a twelve month low of $23.58 and a twelve month high of $36.12. The company has a market cap of $18.81 billion, a price-to-earnings ratio of 44.08, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10. The business’s fifty day moving average is $31.12 and its 200 day moving average is $31.21.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings data 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 return on equity of 5.77% and a net margin of 1.69%. As a group, sell-side analysts expect that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, March 12th. Southwest Airlines’s payout ratio is presently 100.00%.

Southwest Airlines Company Profile

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.