Crake Asset Management LLP Sells 1,866,885 Shares of Southwest Airlines Co. $LUV

Crake Asset Management LLP lessened its position in Southwest Airlines Co. (NYSE:LUV) by 57.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 1,356,161 shares of the airline’s stock after selling 1,866,885 shares during the period. Southwest Airlines accounts for 2.2% of Crake Asset Management LLP’s holdings, making the stock its 13th largest holding. Crake Asset Management LLP’s holdings in Southwest Airlines were worth $56,050,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LUV. AQR Capital Management LLC grew its holdings in Southwest Airlines by 100.6% in the 1st quarter. AQR Capital Management LLC now owns 39,347 shares of the airline’s stock worth $1,303,000 after acquiring an additional 19,729 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Southwest Airlines by 5.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,060 shares of the airline’s stock worth $2,050,000 after acquiring an additional 3,141 shares during the last quarter. Empowered Funds LLC grew its holdings in Southwest Airlines by 7.6% in the 1st quarter. Empowered Funds LLC now owns 7,459 shares of the airline’s stock worth $250,000 after acquiring an additional 527 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Southwest Airlines by 73.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,690 shares of the airline’s stock worth $185,000 after acquiring an additional 2,408 shares during the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of Southwest Airlines by 47.4% during the 2nd quarter. First Trust Advisors LP now owns 307,602 shares of the airline’s stock valued at $9,979,000 after purchasing an additional 98,986 shares in the last quarter. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Trading Down 0.8%

NYSE:LUV opened at $42.98 on Friday. Southwest Airlines Co. has a one year low of $28.98 and a one year high of $55.11. The company has a debt-to-equity ratio of 0.66, a current ratio of 0.48 and a quick ratio of 0.41. The company’s 50-day simple moving average is $39.76 and its 200 day simple moving average is $41.53. The firm has a market capitalization of $21.00 billion, a P/E ratio of 27.73, a PEG ratio of 0.47 and a beta of 1.12.

Southwest Airlines (NYSE:LUV) last posted its quarterly earnings data on Wednesday, April 22nd. The airline reported $0.45 EPS for the quarter, hitting the consensus estimate of $0.45. Southwest Airlines had a net margin of 2.83% and a return on equity of 10.66%. The business had revenue of $7.25 billion for the quarter, compared to analyst estimates of $8.46 billion. During the same quarter in the previous year, the firm posted ($0.13) earnings per share. Southwest Airlines’s quarterly revenue was up 12.8% on a year-over-year basis. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. As a group, analysts forecast that Southwest Airlines Co. will post 2.81 EPS for the current fiscal year.

Southwest Airlines Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Thursday, June 11th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Thursday, June 11th. This represents a $0.72 annualized dividend and a yield of 1.7%. Southwest Airlines’s payout ratio is presently 46.45%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Zacks Research lowered shares of Southwest Airlines from a “hold” rating to a “strong sell” rating in a research note on Wednesday. HSBC raised shares of Southwest Airlines from a “reduce” rating to a “hold” rating and lifted their target price for the company from $24.40 to $36.10 in a research note on Friday, April 24th. The Goldman Sachs Group cut their target price on shares of Southwest Airlines from $32.00 to $30.00 and set a “sell” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company cut their target price on shares of Southwest Airlines from $50.00 to $44.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Finally, Evercore lifted their target price on shares of Southwest Airlines from $43.00 to $44.00 in a research note on Friday, April 24th. Nine research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $43.96.

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.