2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. increased its position in Southwest Airlines Co. ( NYSE:LUV – Free Report ) by 26.
2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347,826 shares of the airline’s stock after purchasing an additional 72,281 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.06% of Southwest Airlines worth $11,694,000 as of its most recent SEC filing. Several other institutional investors also recently bought and sold shares of LUV.
Kestra Investment Management LLC purchased a new position in shares of Southwest Airlines during the fourth quarter valued at $26,000. Raleigh Capital Management Inc. increased its position in Southwest Airlines by 186.
7% during the 4th quarter. Raleigh Capital Management Inc. now owns 883 shares of the airline’s stock valued at $30,000 after purchasing an additional 575 shares during the period.
Sanctuary Wealth Management L.L.C.
raised its holdings in shares of Southwest Airlines by 196.3% in the 4th quarter. Sanctuary Wealth Management L.
L.C. now owns 889 shares of the airline’s stock valued at $30,000 after purchasing an additional 589 shares in the last quarter.
VSM Wealth Advisory LLC purchased a new stake in shares of Southwest Airlines in the 4th quarter worth approximately $42,000. Finally, Millstone Evans Group LLC bought a new position in shares of Southwest Airlines during the fourth quarter valued at approximately $53,000. 80.
82% of the stock is currently owned by hedge funds and other institutional investors. Insiders Place Their Bets In related news, Director C. David Cush acquired 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 12th.
The stock was acquired at an average price of $30.03 per share, with a total value of $150,150.00.
Following the acquisition, the director now directly owns 19,011 shares in the company, valued at $570,900.33. This represents a 35.
69 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink . 0.
33% of the stock is owned by insiders. Wall Street Analyst Weigh In Get Our Latest Stock Analysis on LUV Southwest Airlines Stock Down 0.6 % Shares of LUV stock opened at $24.
71 on Friday. Southwest Airlines Co. has a fifty-two week low of $23.
58 and a fifty-two week high of $36.12. The firm has a market capitalization of $14.
18 billion, a PE ratio of 34.32, a P/E/G ratio of 0.97 and a beta of 0.
94. 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’s 50-day simple moving average is $29.
99 and its 200-day simple moving average is $31.32. Southwest Airlines ( NYSE:LUV – Get Free Report ) last issued its quarterly earnings results on Thursday, January 30th.
The airline reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.
11. Southwest Airlines had a net margin of 1.69% and a return on equity of 5.
77%. Equities analysts expect that Southwest Airlines Co. will post 1.
55 earnings per share for the current year. Southwest Airlines Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 2nd. Shareholders of record on Wednesday, March 12th were issued a $0.
18 dividend. This represents a $0.72 annualized dividend and a yield of 2.
91%. The ex-dividend date was Wednesday, March 12th. Southwest Airlines’s payout ratio is 100.
00%. About Southwest Airlines ( Free Report ) 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.
Read More Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co. ( NYSE:LUV – Free Report ).
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