Corient Private Wealth LP Invests $5.75 Million in Southwest Airlines Co. $LUV

Corient Private Wealth LP bought a new stake in Southwest Airlines Co. (NYSE:LUV - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 111,783 shares of the airline's stock, valued at approximately $5,749,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of LUV. Primecap Management Co. CA purchased a new stake in Southwest Airlines during the 2nd quarter valued at about $2,509,179,000. Franklin Resources Inc. increased its stake in Southwest Airlines by 7.0% in the 4th quarter. Franklin Resources Inc. now owns 40,200,530 shares of the airline's stock worth $1,661,488,000 after purchasing an additional 2,626,853 shares during the period. BlackRock Inc. purchased a new position in Southwest Airlines in the 2nd quarter worth approximately $1,538,382,000. Invesco Ltd. lifted its position in Southwest Airlines by 9.2% in the third quarter. Invesco Ltd. now owns 6,837,197 shares of the airline's stock valued at $218,175,000 after purchasing an additional 577,326 shares during the last quarter. Finally, Morgan Stanley lifted its position in Southwest Airlines by 4.1% in the fourth quarter. Morgan Stanley now owns 6,228,475 shares of the airline's stock valued at $257,423,000 after purchasing an additional 244,891 shares during the last quarter. Institutional investors own 80.82% of the company's stock.

Southwest Airlines Trading Down 2.8%

NYSE LUV opened at $38.54 on Tuesday. Southwest Airlines Co. has a fifty-two week low of $29.26 and a fifty-two week high of $55.11. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.42 and a current ratio of 0.49. The stock has a 50 day simple moving average of $46.39 and a two-hundred day simple moving average of $43.94. The stock has a market cap 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.

Southwest Airlines (NYSE:LUV - Get Free Report) last issued its quarterly earnings data on Wednesday, July 22nd. The airline reported $0.94 earnings per share for the quarter, topping 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 firm had revenue of $8.72 billion for the quarter, compared to analyst estimates of $8.58 billion. During the same period last year, the company earned $0.43 EPS. The business'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, analysts forecast that Southwest Airlines Co. will post 3.32 earnings per share for the current year.

Southwest Airlines Announces Dividend

The business 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 $0.18 dividend. The ex-dividend date is Thursday, September 3rd. This represents a $0.72 annualized dividend and a yield of 1.9%. Southwest Airlines's payout ratio is 44.17%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of Southwest Airlines from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, August 18th. Morgan Stanley lifted their target price on shares of Southwest Airlines from $60.00 to $65.00 and gave the stock an "overweight" rating in a research note on Monday, July 6th. Zacks Research upgraded shares of Southwest Airlines from a "strong sell" rating to a "hold" rating in a report on Thursday, June 25th. Bank of America increased their price target on shares of Southwest Airlines from $40.00 to $45.00 and gave the company an "underperform" rating in a research report on Wednesday, July 1st. Finally, Raymond James Financial cut their price target on shares of Southwest Airlines from $60.00 to $54.00 and set an "outperform" rating on the stock in a report on Monday, August 24th. Nine analysts have rated the stock with a Buy rating, nine have given a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $49.01.

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.

Want to see what other hedge funds are holding LUV? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Southwest Airlines Co. (NYSE:LUV - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source