Allstate Corp Buys Shares of 6,129 United Airlines Holdings Inc $UAL

Key Points

• Allstate Corp acquired 6,129 shares of United Airlines Holdings Inc, valued at approximately $423,000, in the first quarter, as noted in their recent SEC filing.
• United Airlines reported a quarterly EPS of $3.87, surpassing analysts' expectations, with a revenue of $15.24 billion for the quarter.
• Institutional investors currently own 69.69% of United Airlines stock, with recent transactions indicative of both new acquisitions and existing shareholders increasing their stakes.

Allstate Corp purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,129 shares of the transportation company's stock, valued at approximately $423,000.

A number of other institutional investors also recently bought and sold shares of UAL. Capital A Wealth Management LLC purchased a new stake in United Airlines during the fourth quarter worth about $31,000. Hemington Wealth Management boosted its holdings in United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock worth $32,000 after buying an additional 160 shares in the last quarter. Eastern Bank purchased a new stake in United Airlines during the first quarter worth about $35,000. Ameriflex Group Inc. purchased a new stake in United Airlines during the fourth quarter worth about $58,000. Finally, CENTRAL TRUST Co boosted its holdings in United Airlines by 57.2% during the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock worth $56,000 after buying an additional 297 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors and hedge funds.

United Airlines Trading Up 0.8%

UAL stock traded up $0.87 on Thursday, hitting $105.08. 3,985,769 shares of the company were exchanged, compared to its average volume of 4,907,330. United Airlines Holdings Inc has a twelve month low of $41.63 and a twelve month high of $116.00. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The business's fifty day moving average is $89.75 and its two-hundred day moving average is $81.95. The stock has a market capitalization of $34.02 billion, a price-to-earnings ratio of 10.53, a price-to-earnings-growth ratio of 1.35 and a beta of 1.48.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 EPS for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to analyst estimates of $15.31 billion. During the same quarter in the prior year, the business posted $4.14 earnings per share. United Airlines's revenue for the quarter was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, research analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of the stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total transaction of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares in the company, valued at $5,750,654.76. This represents a 24.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, President Brett J. Hart sold 24,772 shares of the stock in a transaction on Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president owned 283,638 shares in the company, valued at $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Sanford C. Bernstein reissued an "outperform" rating on shares of United Airlines in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of United Airlines from a "buy" rating to a "hold" rating in a report on Friday, July 18th. Barclays reaffirmed an "overweight" rating and issued a $100.00 price target (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Susquehanna upped their price target on shares of United Airlines from $81.00 to $109.00 and gave the company a "positive" rating in a report on Tuesday, July 15th. Finally, TD Cowen upped their price target on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a report on Monday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $111.43.

About United Airlines

United Airlines Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, Africa, the Pacific, the Middle East, and Latin America. The company transports people and cargo through its mainline and regional fleets. It also offers catering, ground handling, flight academy, and maintenance services for third parties.