Wealth Management Partners LLC Lowers Stock Holdings in Southwest Airlines Co. (NYSE:LUV)

Wealth Management Partners LLC cut its holdings in shares of Southwest Airlines Co. (NYSE:LUVGet Rating) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,000 shares of the airline’s stock after selling 1,000 shares during the period. Wealth Management Partners LLC’s holdings in Southwest Airlines were worth $242,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LUV. Atticus Wealth Management LLC grew its stake in shares of Southwest Airlines by 78.9% in the first quarter. Atticus Wealth Management LLC now owns 567 shares of the airline’s stock worth $26,000 after acquiring an additional 250 shares in the last quarter. Cornerstone Advisory LLC purchased a new stake in Southwest Airlines during the 4th quarter worth about $27,000. Tcwp LLC acquired a new stake in Southwest Airlines in the 1st quarter valued at about $27,000. Samalin Investment Counsel LLC boosted its stake in shares of Southwest Airlines by 247.5% in the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock valued at $32,000 after buying an additional 500 shares during the period. Finally, MCF Advisors LLC acquired a new position in shares of Southwest Airlines during the first quarter worth about $33,000. Hedge funds and other institutional investors own 76.40% of the company’s stock.

Southwest Airlines Stock Performance

Shares of NYSE:LUV traded down $1.32 during trading on Friday, reaching $31.68. The company had a trading volume of 195,548 shares, compared to its average volume of 5,200,141. The stock’s fifty day moving average price is $38.17 and its 200 day moving average price is $40.89. Southwest Airlines Co. has a fifty-two week low of $32.76 and a fifty-two week high of $56.33. The firm has a market capitalization of $18.80 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 2.70 and a beta of 0.99. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.66 and a quick ratio of 1.59.

Southwest Airlines (NYSE:LUVGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The airline reported $1.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.39. Southwest Airlines had a return on equity of 5.54% and a net margin of 4.71%. The firm had revenue of $6.73 billion for the quarter, compared to analyst estimates of $6.69 billion. During the same quarter in the prior year, the company posted ($0.35) earnings per share. Southwest Airlines’s quarterly revenue was up 67.9% on a year-over-year basis. As a group, equities research analysts predict that Southwest Airlines Co. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

LUV has been the subject of a number of recent research reports. Barclays decreased their price target on shares of Southwest Airlines from $58.00 to $50.00 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. Melius assumed coverage on Southwest Airlines in a report on Monday, August 15th. They issued a “buy” rating on the stock. Cowen decreased their price target on Southwest Airlines from $67.00 to $55.00 in a report on Friday, July 29th. Susquehanna Bancshares raised Southwest Airlines from a “neutral” rating to a “positive” rating and set a $45.00 price objective for the company in a research report on Tuesday, July 12th. Finally, Cowen cut their target price on Southwest Airlines from $67.00 to $55.00 in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Southwest Airlines presently has an average rating of “Moderate Buy” and a consensus target price of $53.06.

About Southwest Airlines

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Southwest Airlines Co operates as a passenger airline company that provide scheduled air transportation services in the United States and near-international markets. As of December 31, 2021, the company operated a total fleet of 728 Boeing 737 aircrafts; and served 121 destinations in 42 states, the District of Columbia, and the Commonwealth of Puerto Rico, as well as 10 near-international countries, including Mexico, Jamaica, the Bahamas, Aruba, the Dominican Republic, Costa Rica, Belize, Cuba, the Cayman Islands, and Turks and Caicos.

See Also

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

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