Southwest Airlines Co. (NYSE:LUV) Shares Sold by Oldfield Partners LLP

Oldfield Partners LLP lowered its stake in Southwest Airlines Co. (NYSE:LUV) by 30.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,042,900 shares of the airline’s stock after selling 447,800 shares during the quarter. Southwest Airlines comprises about 10.2% of Oldfield Partners LLP’s portfolio, making the stock its 6th biggest holding. Oldfield Partners LLP’s holdings in Southwest Airlines were worth $35,062,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Raleigh Capital Management Inc. raised 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 bought a new stake in shares of Southwest Airlines in the 3rd quarter valued at approximately $33,000. TD Private Client Wealth LLC grew its holdings 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 valued at $35,000 after purchasing an additional 345 shares during the last quarter. CVA Family Office LLC grew its holdings in Southwest Airlines by 60.6% during the third quarter. CVA Family Office LLC now owns 1,661 shares of the airline’s stock valued at $49,000 after purchasing an additional 627 shares during the last quarter. Finally, New England Capital Financial Advisors LLC grew its holdings in Southwest Airlines by 35.3% during the third quarter. New England Capital Financial Advisors LLC now owns 1,923 shares of the airline’s stock valued at $57,000 after purchasing an additional 502 shares during the last quarter. Institutional investors and hedge funds own 80.82% of the company’s stock.

Wall Street Analyst Weigh In

LUV has been the subject of several research reports. Raymond James raised their target price on Southwest Airlines from $36.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, December 30th. TD Cowen boosted their price objective on Southwest Airlines from $25.00 to $28.00 and gave the company a “hold” rating in a research report on Friday, December 6th. Jefferies Financial Group upgraded Southwest Airlines from an “underperform” rating to a “hold” rating and boosted their target price for the company from $24.00 to $32.00 in a research note on Wednesday, October 9th. UBS Group upped their price objective on Southwest Airlines from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Tuesday, January 7th. Finally, StockNews.com raised Southwest Airlines from a “sell” rating to a “hold” rating in a report on Monday, October 28th. Six investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $32.31.

Insider Buying and Selling

In other news, insider Linda B. Rutherford sold 3,849 shares of the firm’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 transaction, the insider now owns 89,376 shares in the company, valued at $3,074,534.40. This trade represents a 4.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.33% of the stock is currently owned by insiders.

Southwest Airlines Price Performance

Shares of LUV opened at $32.04 on Wednesday. Southwest Airlines Co. has a 1 year low of $23.58 and a 1 year 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. The company has a market capitalization of $19.21 billion, a price-to-earnings ratio of -455.57, a price-to-earnings-growth ratio of 3.30 and a beta of 1.14. The business has a 50-day moving average of $33.01 and a 200-day moving average of $30.39.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 26th were paid a dividend of $0.18 per share. The ex-dividend date was Thursday, December 26th. This represents a $0.72 annualized dividend and a yield of 2.25%. Southwest Airlines’s dividend payout ratio is currently -1,028.57%.

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.