Country Club Bank Sells 2,417 Shares of Southwest Airlines Co. (NYSE:LUV)

Country Club Bank lowered its position in shares of Southwest Airlines Co. (NYSE:LUV) by 2.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 102,192 shares of the airline’s stock after selling 2,417 shares during the period. Country Club Bank’s holdings in Southwest Airlines were worth $3,430,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of LUV. Raleigh Capital Management Inc. lifted its holdings in Southwest Airlines by 186.7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock worth $30,000 after buying an additional 575 shares during the period. Ashton Thomas Securities LLC acquired a new position in Southwest Airlines during the 3rd quarter worth about $33,000. TD Private Client Wealth LLC lifted its holdings in Southwest Airlines by 41.1% during the 3rd 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 during the period. CVA Family Office LLC lifted its holdings in Southwest Airlines by 60.6% during the 3rd quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock worth $49,000 after buying an additional 627 shares during the period. Finally, New England Capital Financial Advisors LLC lifted its holdings in Southwest Airlines by 35.3% during the 3rd quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock worth $57,000 after buying an additional 502 shares during the period. Institutional investors own 80.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. Susquehanna dropped their price objective on Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a research note on Tuesday. Morgan Stanley reissued an “overweight” rating and issued a $42.00 price objective on shares of Southwest Airlines in a research note on Wednesday, December 11th. Sanford C. Bernstein boosted their price objective on Southwest Airlines from $30.00 to $33.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. UBS Group boosted their price objective on Southwest Airlines from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Tuesday, January 7th. Finally, Bank of America reissued an “underperform” rating and issued a $31.00 price objective (down from $33.00) on shares of Southwest Airlines in a research note on Friday, January 17th. Six research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $32.08.

Southwest Airlines Stock Performance

Shares of LUV opened at $30.77 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.85 and a current ratio of 0.92. The stock has a 50 day moving average price of $32.93 and a two-hundred day moving average price of $30.47. The firm has a market capitalization of $18.45 billion, a P/E ratio of 42.73, a P/E/G ratio of 3.21 and a beta of 1.14. Southwest Airlines Co. has a 52 week low of $23.58 and a 52 week high of $36.12.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Thursday, January 30th. The airline reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.11. Southwest Airlines had a return on equity of 5.77% and a net margin of 1.69%. Equities analysts forecast that Southwest Airlines Co. will post 1.56 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date was Thursday, December 26th. Southwest Airlines’s dividend payout ratio is currently 100.00%.

Insiders Place Their Bets

In other news, insider Linda B. Rutherford sold 3,849 shares of the company’s stock in a transaction that occurred on Friday, December 6th. The stock was sold at an average price of $34.40, for a total value of $132,405.60. Following the completion of the transaction, the insider now directly owns 89,376 shares of the company’s stock, valued at $3,074,534.40. This represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.33% of the company’s stock.

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.