CIBC Asset Management Inc Has $4.86 Million Position in Southwest Airlines Co. $LUV

CIBC Asset Management Inc increased its stake in Southwest Airlines Co. (NYSE:LUV) by 43.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 117,527 shares of the airline’s stock after purchasing an additional 35,620 shares during the quarter. CIBC Asset Management Inc’s holdings in Southwest Airlines were worth $4,857,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in LUV. Norges Bank bought a new position in Southwest Airlines in the 4th quarter worth approximately $172,038,000. Ameriprise Financial Inc. increased its position in Southwest Airlines by 43.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 12,335,167 shares of the airline’s stock worth $393,615,000 after buying an additional 3,753,183 shares during the period. SG Americas Securities LLC increased its position in Southwest Airlines by 2,468.4% in the 4th quarter. SG Americas Securities LLC now owns 3,752,352 shares of the airline’s stock worth $155,085,000 after buying an additional 3,606,255 shares during the period. Massachusetts Financial Services Co. MA bought a new position in Southwest Airlines in the 4th quarter worth approximately $143,450,000. Finally, CIBC Bancorp USA Inc. bought a new position in Southwest Airlines in the 3rd quarter worth approximately $62,340,000. 80.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on LUV. Susquehanna dropped their price target on Southwest Airlines from $55.00 to $42.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. BNP Paribas Exane lifted their price target on Southwest Airlines from $24.00 to $33.00 and gave the stock an “underperform” rating in a research report on Tuesday, April 21st. The Goldman Sachs Group dropped their price target on Southwest Airlines from $32.00 to $30.00 and set a “sell” rating on the stock in a research report on Wednesday, April 1st. UBS Group lifted their price target on Southwest Airlines from $49.00 to $53.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings raised Southwest Airlines from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, April 24th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Southwest Airlines has an average rating of “Hold” and a consensus target price of $44.21.

Southwest Airlines Stock Up 0.7%

Shares of LUV stock opened at $41.61 on Friday. The stock has a market cap of $20.34 billion, a P/E ratio of 26.84, a price-to-earnings-growth ratio of 0.45 and a beta of 1.15. Southwest Airlines Co. has a one year low of $28.98 and a one year high of $55.11. The stock has a fifty day moving average price of $39.93 and a 200 day moving average price of $41.84. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.41.

Southwest Airlines (NYSE:LUV) last issued its earnings results on Wednesday, April 22nd. The airline reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. The firm had revenue of $7.25 billion during the quarter, compared to analysts’ expectations of $8.46 billion. Southwest Airlines had a return on equity of 10.66% and a net margin of 2.83%.Southwest Airlines’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same period last year, the business earned ($0.13) earnings per share. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. Analysts predict that Southwest Airlines Co. will post 2.81 earnings per share for the current year.

Southwest Airlines Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, June 11th. Southwest Airlines’s dividend payout ratio (DPR) is 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.