1,129,035 Shares in United Airlines Holdings Inc $UAL Purchased by Bank of America Corp DE

Key Points

• Bank of America purchased 1.13 million United Airlines shares in the second quarter, worth approximately $153.5 million, while institutional investors collectively own 69.69% of UAL.
• United Airlines beat quarterly earnings expectations, reporting $1.99 EPS and $17.67 billion in revenue; revenue increased 16.4% year over year. Management guided to fiscal 2026 EPS of $9.00–$11.00.
• Analysts maintain a generally bullish outlook, with a “Moderate Buy” consensus and an average price target of $155.91, though company insiders sold more than 221,000 shares last quarter and higher fuel costs remain a key risk.

Bank of America Corp DE bought a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,129,035 shares of the transportation company's stock, valued at approximately $153,537,000. Bank of America Corp DE owned 0.35% of United Airlines as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Root Financial Partners LLC boosted its holdings in United Airlines by 5.3% in the 4th quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company's stock valued at $206,000 after purchasing an additional 93 shares during the period. SJS Investment Consulting Inc. increased its holdings in shares of United Airlines by 17.0% in the first quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company's stock worth $79,000 after purchasing an additional 125 shares during the period. Fielder Capital Group LLC increased its holdings in shares of United Airlines by 5.4% in the fourth quarter. Fielder Capital Group LLC now owns 2,473 shares of the transportation company's stock worth $276,000 after purchasing an additional 127 shares during the period. Koshinski Asset Management Inc. raised its position in shares of United Airlines by 3.7% in the first quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company's stock worth $360,000 after buying an additional 138 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC raised its position in shares of United Airlines by 32.1% in the first quarter. Basecamp Wealth Advisors LLC now owns 654 shares of the transportation company's stock worth $60,000 after buying an additional 159 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company's stock.

United Airlines Price Performance

UAL stock opened at $107.64 on Friday. The firm has a market cap of $34.94 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.86 and a beta of 1.27. The firm's fifty day moving average is $117.22 and its 200 day moving average is $108.25. United Airlines Holdings Inc has a 52 week low of $84.64 and a 52 week high of $138.77. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The business had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. During the same period in the prior year, the business posted $3.87 earnings per share. The company's revenue was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Research analysts predict that United Airlines Holdings Inc will post 9.91 earnings per share for the current year.

Insider Buying and Selling

In other United Airlines news, CEO J. Kirby sold 159,321 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total value of $18,807,844.05. Following the completion of the sale, the chief executive officer owned 797,851 shares in the company, valued at approximately $94,186,310.55. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Andrew P. Nocella sold 5,000 shares of the stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total value of $585,000.00. Following the sale, the executive vice president directly owned 214,955 shares of the company's stock, valued at approximately $25,149,735. This trade represents a 2.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 221,629 shares of company stock valued at $26,328,598. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on UAL shares. Morgan Stanley upped their target price on United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a research note on Thursday, July 16th. Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Citigroup boosted their price objective on United Airlines from $132.00 to $171.00 and gave the stock a "buy" rating in a report on Monday, June 22nd. Susquehanna decreased their price objective on shares of United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a research report on Friday, July 17th. Finally, Barclays lowered their target price on shares of United Airlines from $175.00 to $160.00 and set an "overweight" rating on the stock in a research note on Friday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $155.91.

Key United Airlines News

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United’s second-quarter performance is supporting the bullish case: revenue rose roughly 16%, the company remained profitable despite an estimated $2.3 billion fuel-cost shock, and premium and business demand remained strong. Management’s longer-term targets include 2%–3% adjusted CASM-ex growth in 2027, double-digit pretax margins, 50% free-cash-flow conversion and net debt below two times EBITDA. United Airlines Is Delivering Despite Higher Fuel Costs
• Positive Sentiment: Analysts continue to view UAL as attractively valued after strong second-quarter results and raised guidance. Its relatively low earnings multiple and price below consensus targets could provide upside if fuel prices stabilize and earnings estimates hold. 2 Cheap for a Reason Airline Stocks
• Positive Sentiment: United extended its sustainable aviation fuel supply agreement with Neste, reinforcing its emissions-reduction strategy and potentially improving access to lower-carbon fuel over time. United Airlines Extends Sustainable Aviation Fuel Supply Agreement With Neste
• Neutral Sentiment: Although UAL gained in the latest session, it underperformed competing airlines, indicating that investors remain cautious about the industry’s cost outlook. United Airlines Stock Underperforms Thursday
• Negative Sentiment: Soaring jet-fuel prices linked to geopolitical conflicts are pressuring margins. United executives warned that sustained costs could lead to higher fares and more canceled flights, while carriers consider reducing schedules to protect profitability. United Executive Signals Higher Fares and More Canceled Flights

United Airlines Profile

United Airlines Holdings, Inc NASDAQ: UAL is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.

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