Praxis Investment Management Inc. Has $911,000 Stock Holdings in Southwest Airlines Co. $LUV

Praxis Investment Management Inc. cut its holdings in Southwest Airlines Co. (NYSE:LUV) by 33.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 24,245 shares of the airline’s stock after selling 12,149 shares during the period. Praxis Investment Management Inc.’s holdings in Southwest Airlines were worth $911,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Franklin Resources Inc. increased its holdings 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 in the last quarter. Ameriprise Financial Inc. grew its stake in Southwest Airlines by 43.7% during the third quarter. Ameriprise Financial Inc. now owns 12,335,167 shares of the airline’s stock worth $393,615,000 after purchasing an additional 3,753,183 shares during the period. Invesco Ltd. lifted its stake 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 buying an additional 577,326 shares during the period. Morgan Stanley grew its position in shares of Southwest Airlines by 4.1% during the 4th quarter. Morgan Stanley now owns 6,228,475 shares of the airline’s stock worth $257,423,000 after buying an additional 244,891 shares during the period. Finally, Norges Bank acquired a new stake in shares of Southwest Airlines during the 4th quarter worth approximately $172,038,000. Institutional investors own 80.82% of the company’s stock.

Southwest Airlines Price Performance

Shares of NYSE LUV opened at $50.21 on Friday. The stock has a market cap of $24.54 billion, a price-to-earnings ratio of 32.39, a PEG ratio of 0.51 and a beta of 1.12. 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 Co. has a fifty-two week low of $28.98 and a fifty-two week high of $55.11. The firm’s 50-day simple moving average is $43.34 and its 200 day simple moving average is $43.58.

Southwest Airlines (NYSE:LUV) last issued 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 firm had revenue of $7.25 billion during 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 company’s revenue for the quarter was up 12.8% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) EPS. Southwest Airlines has set its Q2 2026 guidance at 0.350-0.650 EPS. As a group, research analysts anticipate that Southwest Airlines Co. will post 3.02 earnings per share for the current fiscal year.

Southwest Airlines Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Investors 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 annualized dividend and a yield of 1.4%. Southwest Airlines’s dividend payout ratio is 46.45%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Zacks Research raised shares of Southwest Airlines from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Argus dropped their price target on Southwest Airlines from $55.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Wells Fargo & Company increased their price target on Southwest Airlines from $44.00 to $50.00 and gave the stock an “equal weight” rating in a report on Tuesday, June 30th. Barclays raised their price objective on Southwest Airlines from $56.00 to $65.00 and gave the company an “overweight” rating in a research note on Thursday, June 25th. Finally, TD Cowen upped their target price on Southwest Airlines from $47.00 to $53.00 and gave the stock a “buy” rating in a research report on Thursday. Nine research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and four have given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $48.43.

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.