Corient Private Wealth LP Buys 19,146 Shares of Southwest Airlines Co. $LUV

Corient Private Wealth LP increased its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 20.7% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 111,784 shares of the airline’s stock after buying an additional 19,146 shares during the quarter. Corient Private Wealth LP’s holdings in Southwest Airlines were worth $5,749,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Primecap Management Co. CA purchased a new position in Southwest Airlines in the second quarter valued at approximately $2,509,179,000. BlackRock Inc. bought a new position in Southwest Airlines during the second quarter valued at $1,538,382,000. Bank of New York Mellon Corp purchased a new stake in Southwest Airlines in the second quarter worth $234,872,000. Norges Bank purchased a new stake in Southwest Airlines in the fourth quarter worth $172,038,000. Finally, Franklin Resources Inc. increased its position in Southwest Airlines by 7.0% in the fourth quarter. Franklin Resources Inc. now owns 40,200,530 shares of the airline’s stock worth $1,661,488,000 after buying an additional 2,626,853 shares during the last quarter. Institutional investors own 80.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on LUV. Zacks Research raised Southwest Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Barclays increased their price target on Southwest Airlines from $56.00 to $65.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. UBS Group boosted their price objective on Southwest Airlines from $53.00 to $61.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. BMO Capital Markets upped their price objective on shares of Southwest Airlines from $58.50 to $60.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Finally, Morgan Stanley upped their price objective on shares of Southwest Airlines from $60.00 to $65.00 and gave the company an “overweight” rating in a report on Monday, July 6th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $49.01.

Southwest Airlines Stock Down 2.8%

LUV opened at $38.54 on Tuesday. The company has a fifty day moving average price of $46.39 and a 200-day moving average price of $43.94. The firm has a market capitalization of $18.85 billion, a P/E ratio of 23.64, a price-to-earnings-growth ratio of 0.36 and a beta of 1.14. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.49 and a quick ratio of 0.42. Southwest Airlines Co. has a one year low of $29.26 and a one year high of $55.11.

Southwest Airlines (NYSE:LUV) last released its quarterly earnings results on Wednesday, July 22nd. The airline reported $0.94 earnings per share for the quarter, topping the consensus estimate 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 business’s quarterly revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $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. Equities research analysts expect that Southwest Airlines Co. will post 3.32 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 3rd will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Thursday, September 3rd. Southwest Airlines’s dividend 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.