Southwest Airlines Co. (NYSE:LUV) Shares Purchased by Nordea Investment Management AB (2024)

Nordea Investment Management AB lifted its holdings in Southwest Airlines Co. (NYSE:LUV - Free Report) by 24.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 823,779 shares of the airline's stock after buying an additional 163,544 shares during the period. Nordea Investment Management AB owned about 0.14% of Southwest Airlines worth $22,506,000 as of its most recent SEC filing.

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A number of other institutional investors have also added to or reduced their stakes in LUV. Comerica Bank acquired a new position in shares of Southwest Airlines in the 2nd quarter worth approximately $34,644,000. Geode Capital Management LLC boosted its stake in Southwest Airlines by 2.0% in the 2nd quarter. Geode Capital Management LLC now owns 12,482,011 shares of the airline's stock worth $451,167,000 after purchasing an additional 244,723 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Southwest Airlines by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,077,158 shares of the airline's stock worth $83,299,000 after purchasing an additional 23,715 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in Southwest Airlines by 106.5% in the 3rd quarter. Fort Washington Investment Advisors Inc. OH now owns 2,556,536 shares of the airline's stock worth $69,205,000 after purchasing an additional 1,318,361 shares during the period. Finally, Canada Pension Plan Investment Board boosted its stake in shares of Southwest Airlines by 73.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 149,581 shares of the airline's stock worth $4,049,000 after buying an additional 63,428 shares during the last quarter. 78.22% of the stock is owned by institutional investors and hedge funds.

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A number of equities research analysts have recently issued reports on LUV shares. Barclays upped their target price on shares of Southwest Airlines from $27.00 to $32.00 and gave the company an "equal weight" rating in a report on Friday, January 26th. BNP Paribas cut shares of Southwest Airlines from a "neutral" rating to an "underperform" rating and set a $20.00 target price on the stock. in a report on Friday, November 10th. Evercore ISI reiterated an "inline" rating and set a $35.00 price target on shares of Southwest Airlines in a research report on Tuesday, January 2nd. TD Cowen raised their target price on shares of Southwest Airlines from $20.00 to $26.00 and gave the company a "market perform" rating in a research report on Friday, January 26th. Finally, Susquehanna cut their target price on shares of Southwest Airlines from $25.00 to $23.00 and set a "neutral" rating on the stock in a research report on Tuesday, October 31st. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $30.13.

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Southwest Airlines Stock Down 0.8 %

Shares of Southwest Airlines stock opened at $33.93 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.07 and a current ratio of 1.14. The stock has a market capitalization of $20.24 billion, a PE ratio of 45.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.14. Southwest Airlines Co. has a 52-week low of $21.91 and a 52-week high of $39.53. The company has a 50-day simple moving average of $30.03 and a two-hundred day simple moving average of $28.46.

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Southwest Airlines (NYSE:LUV - Get Free Report) last announced its earnings results on Thursday, January 25th. The airline reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.25. The company had revenue of $6.82 billion during the quarter, compared to analyst estimates of $6.75 billion. Southwest Airlines had a net margin of 1.91% and a return on equity of 9.40%. The firm's quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.38) earnings per share. On average, analysts anticipate that Southwest Airlines Co. will post 1.84 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 27th. Stockholders of record on Wednesday, March 6th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.12%. The ex-dividend date is Tuesday, March 5th. Southwest Airlines's dividend payout ratio (DPR) is presently 96.00%.

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, 2022, the company operated a total fleet of 770 Boeing 737 aircrafts; 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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