Bank of New York Mellon Corp Has $147.44 Million Stock Holdings in Southwest Airlines Co. $LUV

Bank of New York Mellon Corp grew its stake in shares of Southwest Airlines Co. (NYSE:LUV) by 4.7% in the 1st quarter, HoldingsChannel reports. The firm owned 3,924,407 shares of the airline’s stock after acquiring an additional 176,742 shares during the quarter. Bank of New York Mellon Corp’s holdings in Southwest Airlines were worth $147,440,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of LUV. SHP Wealth Management purchased a new position in Southwest Airlines in the 4th quarter worth about $25,000. GHP Investment Advisors Inc. purchased a new stake in Southwest Airlines during the fourth quarter valued at about $26,000. Entrust Financial LLC purchased a new stake in Southwest Airlines during the fourth quarter valued at about $26,000. Los Angeles Capital Management LLC acquired a new position in shares of Southwest Airlines in the fourth quarter worth about $26,000. Finally, Optima Capital LLC acquired a new position in shares of Southwest Airlines in the fourth quarter worth about $27,000. Institutional investors and hedge funds own 80.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on LUV shares. Wall Street Zen raised shares of Southwest Airlines from a “hold” rating to a “buy” rating in a research report on Sunday, July 5th. Bank of America upped 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. BNP Paribas Exane raised their price objective on shares of Southwest Airlines from $24.00 to $33.00 and gave the stock an “underperform” rating in a research note on Tuesday, April 21st. BMO Capital Markets lifted their price objective on shares of Southwest Airlines from $45.00 to $58.50 and gave the stock an “outperform” rating in a research report on Thursday, July 2nd. Finally, JPMorgan Chase & Co. cut their target price on shares of Southwest Airlines from $58.00 to $56.00 in a research note on Friday, March 27th. Nine investment 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’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $49.58.

Southwest Airlines Trading Up 0.0%

Shares of NYSE LUV opened at $48.09 on Monday. The stock has a market cap of $23.50 billion, a price-to-earnings ratio of 31.02, a PEG ratio of 0.45 and a beta of 1.12. The business has a 50 day simple moving average of $45.26 and a 200 day simple moving average of $44.12. Southwest Airlines Co. has a 52 week low of $28.98 and a 52 week high of $55.11. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.48.

Southwest Airlines (NYSE:LUV) last issued its quarterly earnings data on Wednesday, April 22nd. The airline reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. The firm had revenue of $7.25 billion for the quarter, compared to analyst estimates of $8.46 billion. Southwest Airlines had a net margin of 2.83% and a return on equity of 10.66%. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.13) earnings per share. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. On average, research analysts predict that Southwest Airlines Co. will post 3.23 earnings per share for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Thursday, June 11th were issued a dividend of $0.18 per share. The ex-dividend date was Thursday, June 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.5%. Southwest Airlines’s dividend payout ratio (DPR) is currently 46.45%.

Southwest Airlines 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.