Louisiana State Employees Retirement System bought a new position in Southwest Airlines Co. (NYSE:LUV – Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 25,000 shares of the airline’s stock, valued at approximately $939,000.
Several other institutional investors have also added to or reduced their stakes in the company. Cardinal Point Capital Management ULC increased its position in shares of Southwest Airlines by 66.2% in the first quarter. Cardinal Point Capital Management ULC now owns 23,631 shares of the airline’s stock valued at $892,000 after acquiring an additional 9,410 shares during the period. MBM Wealth Consultants LLC boosted its holdings in shares of Southwest Airlines by 3.5% during the first quarter. MBM Wealth Consultants LLC now owns 24,182 shares of the airline’s stock worth $909,000 after purchasing an additional 822 shares during the period. Blue Trust Inc. grew its stake in shares of Southwest Airlines by 852.1% in the first quarter. Blue Trust Inc. now owns 15,958 shares of the airline’s stock worth $600,000 after purchasing an additional 14,282 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in Southwest Airlines during the 1st quarter valued at about $17,391,000. Finally, Athena Wealth Management LLC increased its holdings in Southwest Airlines by 64.1% during the 1st quarter. Athena Wealth Management LLC now owns 29,748 shares of the airline’s stock valued at $1,118,000 after purchasing an additional 11,623 shares during the period. Hedge funds and other institutional investors own 80.82% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on LUV shares. TD Cowen upped their price target on Southwest Airlines from $47.00 to $53.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. reduced their target price on Southwest Airlines from $58.00 to $56.00 in a research note on Friday, March 27th. Argus decreased their target price on Southwest Airlines from $55.00 to $45.00 and set a “buy” rating for the company in a report on Friday, April 24th. Evercore raised their price target on Southwest Airlines from $44.00 to $52.00 in a research note on Thursday, June 25th. Finally, BMO Capital Markets lifted their price target on shares of Southwest Airlines from $45.00 to $58.50 and gave the company an “outperform” rating in a report on Thursday. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.43.
Southwest Airlines Trading Down 0.1%
Southwest Airlines stock opened at $50.21 on Monday. Southwest Airlines Co. has a 12 month low of $28.98 and a 12 month high of $55.11. The company has a market capitalization of $24.54 billion, a price-to-earnings ratio of 32.39, a price-to-earnings-growth ratio of 0.51 and a beta of 1.12. The business’s fifty day simple moving average is $43.34 and its two-hundred day simple moving average is $43.59. The company has a current ratio of 0.48, a quick ratio of 0.41 and a debt-to-equity ratio of 0.66.
Southwest Airlines (NYSE:LUV – Get Free Report) last issued its quarterly earnings results on Wednesday, April 22nd. The airline reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $7.25 billion during the quarter, compared to the consensus estimate of $8.46 billion. Southwest Airlines had a return on equity of 10.66% and a net margin of 2.83%.The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the company earned ($0.13) earnings per share. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. As a group, equities analysts predict that Southwest Airlines Co. will post 3.02 earnings per share for the current fiscal year.
Southwest Airlines Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 2nd. Shareholders of record on Thursday, June 11th were paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, June 11th. Southwest Airlines’s dividend payout ratio (DPR) is currently 46.45%.
About Southwest Airlines
Southwest Airlines Co is a U.S.-based low-cost carrier that operates a point-to-point domestic and near-international airline network. Headquartered in Dallas, Texas, the company primarily flies Boeing 737 aircraft and offers no-frills, single-class service designed to keep fares competitive. Southwest’s operating model emphasizes high aircraft utilization, quick turnaround times and an open seating policy, allowing customers to board and select seats on a first-come, first-served basis.
Founded in 1967 by Herb Kelleher and Rollin King as Air Southwest Company, Southwest began commercial service in 1971, initially connecting Dallas, Houston and San Antonio.
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