Corient Private Wealth LP Takes Position in Southwest Airlines Co. $LUV

Corient Private Wealth LP purchased a new stake in shares of Southwest Airlines Co. (NYSE:LUV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 111,783 shares of the airline’s stock, valued at approximately $5,749,000.

Other institutional investors also recently bought and sold shares of the company. Primecap Management Co. CA purchased a new stake in Southwest Airlines in the second quarter worth about $2,509,179,000. Franklin Resources Inc. grew its holdings in shares of Southwest Airlines by 7.0% during the 4th quarter. Franklin Resources Inc. now owns 40,200,530 shares of the airline’s stock worth $1,661,488,000 after acquiring an additional 2,626,853 shares during the period. BlackRock Inc. purchased a new position in shares of Southwest Airlines during the 2nd quarter worth approximately $1,538,382,000. Invesco Ltd. grew its holdings in shares of Southwest Airlines by 9.2% during the 3rd quarter. Invesco Ltd. now owns 6,837,197 shares of the airline’s stock worth $218,175,000 after acquiring an additional 577,326 shares during the period. Finally, Morgan Stanley raised its position in shares of Southwest Airlines by 4.1% in the 4th quarter. Morgan Stanley now owns 6,228,475 shares of the airline’s stock worth $257,423,000 after acquiring an additional 244,891 shares in the last quarter. 80.82% of the stock is owned by institutional investors.

Analysts Set New Price Targets

LUV has been the subject of a number of research analyst reports. Wells Fargo & Company raised their target price on Southwest Airlines from $44.00 to $50.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 30th. UBS Group upped 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. Jefferies Financial Group increased their price objective on Southwest Airlines from $44.00 to $50.00 and gave the stock a “hold” rating in a report on Wednesday, July 1st. The Goldman Sachs Group raised their price objective on Southwest Airlines from $30.00 to $35.00 and gave the company a “sell” rating in a research report on Thursday, July 2nd. Finally, Barclays boosted their target price on shares of Southwest Airlines from $56.00 to $65.00 and gave the company an “overweight” rating in a report on Thursday, June 25th. Nine equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $49.01.

Southwest Airlines Stock Down 2.8%

LUV stock opened at $38.54 on Tuesday. 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 market cap of $18.85 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The business has a 50 day moving average of $46.39 and a 200 day moving average of $43.94.

Southwest Airlines (NYSE:LUV) last announced 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. Southwest Airlines had a return on equity of 14.15% and a net margin of 2.78%.The business had revenue of $8.72 billion during the quarter, compared to analysts’ expectations of $8.58 billion. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. 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 forecast that Southwest Airlines Co. will post 3.32 EPS for the current fiscal year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 3rd will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Thursday, September 3rd. Southwest Airlines’s payout ratio is currently 44.17%.

Southwest Airlines Company Profile

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.