Lee Financial Co Has $315,000 Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Lee Financial Co reduced its position in Southwest Airlines Co. (NYSE:LUV) by 27.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 9,313 shares of the airline’s stock after selling 3,445 shares during the period. Lee Financial Co’s holdings in Southwest Airlines were worth $315,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Studio Investment Management LLC lifted its position in shares of Southwest Airlines by 5.2% in the third quarter. Studio Investment Management LLC now owns 6,978 shares of the airline’s stock valued at $207,000 after buying an additional 343 shares during the last quarter. TD Private Client Wealth LLC raised its stake in Southwest Airlines by 41.1% in the 3rd quarter. TD Private Client Wealth LLC now owns 1,184 shares of the airline’s stock valued at $35,000 after acquiring an additional 345 shares during the period. Avior Wealth Management LLC raised its stake in Southwest Airlines by 3.8% in the 4th quarter. Avior Wealth Management LLC now owns 10,116 shares of the airline’s stock valued at $340,000 after acquiring an additional 369 shares during the period. V Square Quantitative Management LLC lifted its holdings in Southwest Airlines by 3.9% during the 4th quarter. V Square Quantitative Management LLC now owns 9,822 shares of the airline’s stock valued at $330,000 after purchasing an additional 369 shares during the last quarter. Finally, Wahed Invest LLC boosted its position in Southwest Airlines by 11.5% during the third quarter. Wahed Invest LLC now owns 3,638 shares of the airline’s stock worth $108,000 after purchasing an additional 375 shares during the period. Institutional investors own 80.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on LUV. Argus raised shares of Southwest Airlines from a “hold” rating to a “buy” rating and set a $35.00 price objective on the stock in a research report on Tuesday, February 11th. Barclays raised their price objective on shares of Southwest Airlines from $32.00 to $35.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. The Goldman Sachs Group reaffirmed a “sell” rating and issued a $28.00 target price on shares of Southwest Airlines in a research report on Friday, November 15th. Bank of America reissued an “underperform” rating and set a $31.00 price target (down from $33.00) on shares of Southwest Airlines in a report on Friday, January 17th. Finally, Susquehanna decreased their price objective on Southwest Airlines from $38.00 to $34.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Six research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $31.78.

Southwest Airlines Stock Up 0.9 %

Shares of LUV opened at $30.21 on Friday. The firm has a 50 day simple moving average of $32.44 and a two-hundred day simple moving average of $30.63. The company has a debt-to-equity ratio of 0.49, a current ratio of 0.92 and a quick ratio of 0.85. Southwest Airlines Co. has a one year low of $23.58 and a one year high of $36.12. The company has a market cap of $18.12 billion, a P/E ratio of 41.95, a P/E/G ratio of 0.97 and a beta of 1.14.

Southwest Airlines (NYSE:LUV) last announced its quarterly earnings data 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 return on equity of 5.77% and a net margin of 1.69%. Research analysts forecast that Southwest Airlines Co. will post 1.59 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 2nd. Investors 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 dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, March 12th. Southwest Airlines’s dividend payout ratio (DPR) is presently 100.00%.

Insider Buying and Selling

In related news, insider Linda B. Rutherford sold 3,849 shares of the business’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $34.40, for a total transaction of $132,405.60. Following the sale, the insider now owns 89,376 shares in the company, valued at $3,074,534.40. The trade was a 4.13 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is owned by corporate insiders.

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.