Mitsubishi UFJ Asset Management Co. Ltd. Boosts Holdings in Southwest Airlines Co. (NYSE:LUV)

Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Southwest Airlines Co. (NYSE:LUVFree Report) by 10.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 429,670 shares of the airline’s stock after buying an additional 39,890 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned approximately 0.07% of Southwest Airlines worth $11,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH raised its position in Southwest Airlines by 106.5% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,556,536 shares of the airline’s stock valued at $69,205,000 after purchasing an additional 1,318,361 shares during the period. U S Global Investors Inc. increased its position in shares of Southwest Airlines by 24.9% during the 4th quarter. U S Global Investors Inc. now owns 6,210,347 shares of the airline’s stock worth $179,355,000 after purchasing an additional 1,238,468 shares during the last quarter. Nuance Investments LLC purchased a new stake in Southwest Airlines in the 4th quarter valued at about $24,404,000. Schonfeld Strategic Advisors LLC acquired a new position in Southwest Airlines in the third quarter valued at about $13,193,000. Finally, Provident Trust Co. increased its position in shares of Southwest Airlines by 6.5% during the fourth quarter. Provident Trust Co. now owns 7,599,210 shares of the airline’s stock valued at $219,465,000 after acquiring an additional 460,480 shares during the last quarter. Hedge funds and other institutional investors own 80.82% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on LUV shares. UBS Group began coverage on shares of Southwest Airlines in a research report on Wednesday, March 20th. They set a “buy” rating and a $36.00 price objective for the company. StockNews.com cut Southwest Airlines from a “hold” rating to a “sell” rating in a research note on Friday, April 12th. Barclays cut their price objective on Southwest Airlines from $30.00 to $26.00 and set an “equal weight” rating on the stock in a report on Friday, April 26th. HSBC assumed coverage on Southwest Airlines in a research report on Monday, May 13th. They issued a “hold” rating and a $27.80 target price for the company. Finally, Morgan Stanley reduced their price target on shares of Southwest Airlines from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Friday, April 5th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Southwest Airlines has an average rating of “Hold” and a consensus price target of $30.10.

Get Our Latest Report on LUV

Southwest Airlines Trading Down 0.4 %

NYSE:LUV opened at $27.86 on Friday. Southwest Airlines Co. has a 1 year low of $21.91 and a 1 year high of $39.53. The stock has a market cap of $16.67 billion, a P/E ratio of 44.22, a P/E/G ratio of 1.50 and a beta of 1.16. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.02 and a current ratio of 1.09. The stock has a 50-day simple moving average of $28.21 and a 200-day simple moving average of $28.85.

Southwest Airlines (NYSE:LUVGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.02). The business had revenue of $6.33 billion during the quarter, compared to analyst estimates of $6.42 billion. Southwest Airlines had a net margin of 1.59% and a return on equity of 8.91%. The business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period last year, the company earned ($0.27) earnings per share. As a group, analysts anticipate that Southwest Airlines Co. will post 1.05 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 19th will be given a $0.18 dividend. The ex-dividend date is Tuesday, June 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.58%. Southwest Airlines’s dividend payout ratio (DPR) is presently 114.29%.

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.

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Institutional Ownership by Quarter for Southwest Airlines (NYSE:LUV)

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