Thomist Capital Management LP Makes New $852,000 Investment in Southwest Airlines Co. $LUV

by · The Markets Daily

Thomist Capital Management LP acquired a new position in shares of Southwest Airlines Co. (NYSE:LUV – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor acquired 26,500 shares of the airline’s stock, valued at approximately $852,000. Southwest Airlines comprises 0.3% of Thomist Capital Management LP’s portfolio, making the stock its 28th largest position.

A number of other large investors also recently made changes to their positions in the company. Elevation Point Wealth Partners LLC bought a new stake in Southwest Airlines in the 2nd quarter valued at $25,000. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Southwest Airlines during the second quarter worth $31,000. Pandora Wealth Inc. bought a new stake in shares of Southwest Airlines in the first quarter valued at about $34,000. Hantz Financial Services Inc. grew its stake in shares of Southwest Airlines by 81.4% in the second quarter. Hantz Financial Services Inc. now owns 1,056 shares of the airline’s stock valued at $34,000 after acquiring an additional 474 shares in the last quarter. Finally, Armstrong Advisory Group Inc. bought a new position in Southwest Airlines during the second quarter worth about $42,000. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Trading Up 1.9%

Shares of LUV stock opened at $35.45 on Wednesday. Southwest Airlines Co. has a fifty-two week low of $23.82 and a fifty-two week high of $37.96. The stock’s fifty day moving average price is $32.59 and its two-hundred day moving average price is $32.59. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.42 and a current ratio of 0.49. The company has a market cap of $18.33 billion, a PE ratio of 54.53, a P/E/G ratio of 0.75 and a beta of 1.23.

Southwest Airlines (NYSE:LUV – Get Free Report) last announced its quarterly earnings data on Tuesday, February 6th. The airline reported ($0.38) earnings per share for the quarter. The business had revenue of $6.17 billion for the quarter. Southwest Airlines had a return on equity of 6.39% and a net margin of 1.38%. Equities analysts predict that Southwest Airlines Co. will post 1.55 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, December 26th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date is Friday, December 26th. Southwest Airlines’s dividend payout ratio (DPR) is presently 110.77%.

Wall Street Analyst Weigh In

LUV has been the topic of several recent research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Southwest Airlines in a report on Monday. Sanford C. Bernstein increased their price target on Southwest Airlines from $31.00 to $34.00 and gave the stock a “market perform” rating in a research report on Thursday, November 20th. UBS Group dropped their price objective on Southwest Airlines from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Friday, October 24th. Susquehanna upped their target price on Southwest Airlines from $30.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Jefferies Financial Group increased their target price on Southwest Airlines from $33.00 to $34.00 and gave the stock a “hold” rating in a report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, Southwest Airlines has a consensus rating of “Hold” and a consensus price target of $34.00.

View Our Latest Analysis on LUV

Southwest Airlines Company Profile

(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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