Oxinas Partners Wealth Management LLC Has $399,000 Stake in Southwest Airlines Co. (NYSE:LUV)

Oxinas Partners Wealth Management LLC cut its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 18.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,678 shares of the airline’s stock after selling 3,059 shares during the quarter. Oxinas Partners Wealth Management LLC’s holdings in Southwest Airlines were worth $399,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Hexagon Capital Partners LLC boosted its position in Southwest Airlines by 374.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 858 shares of the airline’s stock valued at $25,000 after acquiring an additional 677 shares during the last quarter. Capital Advisors Ltd. LLC lifted its stake in Southwest Airlines by 82.8% in the fourth quarter. Capital Advisors Ltd. LLC now owns 914 shares of the airline’s stock valued at $26,000 after buying an additional 414 shares during the period. First Horizon Advisors Inc. bought a new position in shares of Southwest Airlines during the 4th quarter worth approximately $29,000. ICA Group Wealth Management LLC acquired a new stake in shares of Southwest Airlines during the 4th quarter worth approximately $29,000. Finally, Pineridge Advisors LLC bought a new stake in shares of Southwest Airlines in the 4th quarter valued at $32,000. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Stock Performance

Shares of NYSE LUV traded up $0.18 during midday trading on Tuesday, reaching $28.29. The company’s stock had a trading volume of 7,005,371 shares, compared to its average volume of 9,124,974. The stock has a market capitalization of $16.93 billion, a P/E ratio of 44.62, a PEG ratio of 1.88 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.09 and a quick ratio of 1.02. The firm has a 50 day moving average price of $27.69 and a 200-day moving average price of $29.38. Southwest Airlines Co. has a 12-month low of $21.91 and a 12-month high of $39.53.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.02). Southwest Airlines had a return on equity of 8.91% and a net margin of 1.59%. The business had revenue of $6.33 billion during the quarter, compared to analysts’ expectations of $6.42 billion. During the same period in the prior year, the firm posted ($0.27) EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts predict that Southwest Airlines Co. will post 0.95 earnings per share for the current year.

Southwest Airlines Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Wednesday, June 19th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, June 18th. This represents a $0.72 dividend on an annualized basis and a yield of 2.55%. Southwest Airlines’s dividend payout ratio (DPR) is presently 114.29%.

Analysts Set New Price Targets

LUV has been the subject of a number of research reports. Sanford C. Bernstein reduced their price target on shares of Southwest Airlines from $27.00 to $26.00 and set a “market perform” rating for the company in a report on Monday, May 6th. HSBC started 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. Susquehanna cut their price target on Southwest Airlines from $27.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, April 30th. TD Cowen reduced their price objective on Southwest Airlines from $26.00 to $25.00 and set a “hold” rating for the company in a research note on Friday, April 26th. Finally, Raymond James reaffirmed an “outperform” rating and set a $30.00 target price (down from $33.00) on shares of Southwest Airlines in a research report on Friday, April 26th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Southwest Airlines currently has a consensus rating of “Hold” and a consensus price target of $29.83.

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.