Apella Capital LLC Sells 34,965 Shares of United Airlines Holdings Inc $UAL

Key Points

• Apella Capital sharply reduced its United Airlines stake by selling 34,965 shares, leaving it with 1,892 shares valued at approximately $243,000. Institutional investors collectively own 69.69% of UAL.
• United Airlines insiders sold 306,010 shares worth about $35.95 million over the past three months, including sales by the president and an executive vice president to cover tax obligations related to vested equity awards.
• Analysts remain generally bullish, with a consensus “Moderate Buy” rating and an average price target of $156.79. United recently exceeded quarterly earnings and revenue expectations, reporting $1.99 in EPS and $17.67 billion in revenue.

Apella Capital LLC decreased its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 94.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892 shares of the transportation company's stock after selling 34,965 shares during the period. Apella Capital LLC's holdings in United Airlines were worth $243,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. 55 North Private Wealth LLC acquired a new stake in United Airlines during the 2nd quarter worth about $259,000. GAMMA Investing LLC boosted its position in shares of United Airlines by 9.8% during the 2nd quarter. GAMMA Investing LLC now owns 12,641 shares of the transportation company's stock valued at $1,719,000 after purchasing an additional 1,129 shares in the last quarter. Avior Wealth Management LLC grew its stake in United Airlines by 16.7% during the second quarter. Avior Wealth Management LLC now owns 3,164 shares of the transportation company's stock worth $430,000 after purchasing an additional 453 shares during the period. Versant Capital Management Inc grew its stake in United Airlines by 5.5% during the second quarter. Versant Capital Management Inc now owns 5,868 shares of the transportation company's stock worth $798,000 after purchasing an additional 305 shares during the period. Finally, CX Institutional increased its holdings in United Airlines by 32.6% in the second quarter. CX Institutional now owns 4,971 shares of the transportation company's stock worth $676,000 after purchasing an additional 1,222 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Insider Activity

In other news, President Brett J. Hart sold 30,108 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total value of $3,634,637.76. Following the completion of the sale, the president directly owned 371,583 shares of the company's stock, valued at $44,857,499.76. This represents a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $119.91, for a total value of $2,398,200.00. Following the completion of the transaction, the executive vice president owned 114,800 shares in the company, valued at $13,765,668. This represents a 14.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders sold 306,010 shares of company stock worth $35,949,843. Company insiders own 0.86% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on UAL. Jefferies Financial Group reissued a "buy" rating and issued a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. The Goldman Sachs Group lifted their price objective on shares of United Airlines from $131.00 to $162.00 and gave the company a "buy" rating in a research note on Thursday, July 2nd. TD Cowen boosted their target price on shares of United Airlines from $150.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of United Airlines in a research note on Friday, July 17th. Finally, UBS Group upped their price objective on shares of United Airlines from $148.00 to $153.00 and gave the company a "buy" rating in a report on Tuesday, June 23rd. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $156.79.

United Airlines Stock Performance

UAL opened at $129.56 on Monday. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. The company's fifty day moving average price is $121.47 and its two-hundred day moving average price is $107.56. United Airlines Holdings Inc has a 1-year low of $84.64 and a 1-year high of $138.77. The company has a market cap of $42.05 billion, a price-to-earnings ratio of 12.12, a PEG ratio of 0.96 and a beta of 1.28.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.88 by $0.11. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The firm had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. During the same period last year, the firm earned $3.87 earnings per share. The business's quarterly revenue was up 16.4% compared to the same quarter last year. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, analysts expect that United Airlines Holdings Inc will post 10.48 EPS for the current fiscal year.

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.

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