Creative Financial Designs Inc. ADV Has $160,000 Stock Position in Southwest Airlines Co. (NYSE:LUV)

Posted by Defense World Staff on Jul 12th, 2023

Creative Financial Designs Inc. ADV decreased its stake in shares of Southwest Airlines Co. (NYSE:LUV – Free Report) by 10.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,922 shares of the airline’s stock after selling 600 shares during the period. Creative Financial Designs Inc. ADV’s holdings in Southwest Airlines were worth $160,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in LUV. CoreCap Advisors LLC acquired a new position in Southwest Airlines during the 4th quarter worth about $32,000. Samalin Investment Counsel LLC lifted its position in Southwest Airlines by 247.5% during the 1st quarter. Samalin Investment Counsel LLC now owns 702 shares of the airline’s stock worth $32,000 after buying an additional 500 shares in the last quarter. First Community Trust NA acquired a new position in Southwest Airlines during the 4th quarter worth about $34,000. New England Capital Financial Advisors LLC acquired a new position in Southwest Airlines during the 4th quarter worth about $38,000. Finally, True Wealth Design LLC bought a new stake in Southwest Airlines during the 4th quarter worth about $38,000. Institutional investors and hedge funds own 75.81% of the company’s stock.

Insider Activity at Southwest Airlines

In other Southwest Airlines news, EVP Ryan C. Green sold 4,936 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $29.94, for a total transaction of $147,783.84. Following the completion of the transaction, the executive vice president now owns 26,361 shares of the company’s stock, valued at approximately $789,248.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.30% of the stock is owned by insiders.

Southwest Airlines Price Performance

Shares of LUV opened at $39.20 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.19 and a current ratio of 1.26. The stock has a 50 day simple moving average of $32.15 and a 200 day simple moving average of $33.01. Southwest Airlines Co. has a 52-week low of $28.40 and a 52-week high of $41.76. The firm has a market capitalization of $23.33 billion, a PE ratio of 39.20, a P/E/G ratio of 0.45 and a beta of 1.19.

Southwest Airlines (NYSE:LUV – Get Free Report) last issued its quarterly earnings data on Thursday, April 27th. The airline reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.21) by ($0.06). Southwest Airlines had a net margin of 2.65% and a return on equity of 6.99%. The business had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.73 billion. During the same quarter in the prior year, the firm posted ($0.32) earnings per share. Southwest Airlines’s revenue for the quarter was up 21.4% compared to the same quarter last year. Sell-side analysts predict that Southwest Airlines Co. will post 2.64 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 12th. Investors of record on Wednesday, June 21st will be given a $0.18 dividend. The ex-dividend date is Tuesday, June 20th. This represents a $0.72 annualized dividend and a dividend yield of 1.84%. Southwest Airlines’s dividend payout ratio is presently 72.00%.

Analyst Ratings Changes

Several analysts have weighed in on LUV shares. Bank of America boosted their price objective on Southwest Airlines from $39.00 to $45.00 in a report on Monday, June 26th. 22nd Century Group reissued a “maintains” rating on shares of Southwest Airlines in a report on Monday, June 26th. JPMorgan Chase & Co. cut Southwest Airlines from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $64.00 to $39.00 in a report on Monday, May 8th. StockNews.com started coverage on Southwest Airlines in a report on Thursday, May 18th. They set a “hold” rating for the company. Finally, Jefferies Financial Group boosted their price objective on Southwest Airlines from $32.00 to $40.00 in a report on Tuesday. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $44.40.

Southwest Airlines Profile

(Free Report)

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.