CIBC Asset Management Inc Buys 35,620 Shares of Southwest Airlines Co. $LUV

CIBC Asset Management Inc raised its stake in Southwest Airlines Co. (NYSE:LUV) by 43.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 117,527 shares of the airline’s stock after acquiring 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.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. bought a new stake in Southwest Airlines in the fourth quarter valued at $26,000. Entrust Financial LLC bought a new stake in Southwest Airlines in the fourth quarter valued at $26,000. Optima Capital LLC bought a new stake in Southwest Airlines in the fourth quarter valued at $27,000. Lodestone Wealth Management LLC bought a new stake in Southwest Airlines in the fourth quarter valued at $29,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Southwest Airlines in the fourth quarter valued at $35,000. 80.82% of the stock is currently owned by institutional investors.

Southwest Airlines Price Performance

Southwest Airlines stock opened at $41.61 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.41 and a current ratio of 0.48. The firm has a market cap of $20.34 billion, a P/E ratio of 26.84, a P/E/G ratio of 0.45 and a beta of 1.15. The business’s fifty day moving average is $39.93 and its two-hundred day moving average is $41.84. Southwest Airlines Co. has a 52 week low of $28.98 and a 52 week high of $55.11.

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

Southwest Airlines Announces Dividend

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

Analysts Set New Price Targets

A number of analysts have weighed in on the company. UBS Group upped their price target on Southwest Airlines from $49.00 to $53.00 and gave the company a “buy” rating in a research report on Tuesday, May 26th. The Goldman Sachs Group lowered 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. Jefferies Financial Group reduced their price objective on Southwest Airlines from $42.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. JPMorgan Chase & Co. reduced their price objective on Southwest Airlines from $58.00 to $56.00 in a research note on Friday, March 27th. Finally, Zacks Research lowered Southwest Airlines from a “hold” rating to a “strong sell” rating in a research note on Wednesday, May 27th. Nine analysts have rated the stock with a Buy rating, eight have issued a Hold rating and five have assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $44.21.

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.