Diversify Advisory Services LLC purchased a new position in shares of Southwest Airlines Co. (NYSE:LUV – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,696 shares of the airline’s stock, valued at approximately $803,000.
A number of other hedge funds have also recently made changes to their positions in LUV. SHP Wealth Management bought a new position in shares of Southwest Airlines during the 4th quarter valued at $25,000. Entrust Financial LLC purchased a new position in Southwest Airlines in the 4th quarter worth $26,000. Los Angeles Capital Management LLC bought a new stake in Southwest Airlines in the fourth quarter worth $26,000. Scarborough Advisors LLC bought a new stake in Southwest Airlines in the first quarter worth $28,000. Finally, DV Equities LLC purchased a new stake in Southwest Airlines during the fourth quarter valued at about $30,000. 80.82% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on LUV shares. Barclays raised their price objective on Southwest Airlines from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Evercore boosted their target price on Southwest Airlines from $44.00 to $52.00 in a research note on Thursday, June 25th. JPMorgan Chase & Co. dropped their target price on Southwest Airlines from $60.00 to $59.00 and set an “overweight” rating for the company in a report on Friday, July 24th. Weiss Ratings upgraded Southwest Airlines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday. Finally, UBS Group lifted their price target on Southwest Airlines from $53.00 to $61.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Nine equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $49.55.
Southwest Airlines Trading Down 3.7%
Shares of LUV opened at $39.87 on Friday. The stock has a market capitalization of $19.50 billion, a P/E ratio of 24.46, a PEG ratio of 0.37 and a beta of 1.14. Southwest Airlines Co. has a twelve month low of $29.26 and a twelve month high of $55.11. The company has a quick ratio of 0.42, a current ratio of 0.49 and a debt-to-equity ratio of 0.54. The firm has a fifty day simple moving average of $47.38 and a two-hundred day simple moving average of $44.56.
Southwest Airlines (NYSE:LUV – Get Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The airline reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.42. The firm had revenue of $8.72 billion for the quarter, compared to analysts’ expectations of $8.58 billion. Southwest Airlines had a net margin of 2.78% and a return on equity of 14.15%. The company’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.43 earnings per share. Southwest Airlines has set its FY 2026 guidance at 3.250-4.250 EPS and its Q3 2026 guidance at 0.500-0.750 EPS. On average, research analysts anticipate that Southwest Airlines Co. will post 3.41 EPS for the current year.
Southwest Airlines Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 3rd will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Thursday, September 3rd. Southwest Airlines’s payout ratio is currently 44.17%.
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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