Heartland Bank & Trust Co Takes Position in United Airlines Holdings Inc $UAL

Key Points

• Heartland Bank & Trust Co has acquired a new stake in United Airlines Holdings Inc, purchasing 2,570 shares valued at approximately $205,000 during the second quarter.
• A number of institutional investors, including Bison Wealth LLC and GAMMA Investing LLC, have increased their stakes in United Airlines, reflecting a growing interest in the company's stock.
• Despite recent insider selling, investor sentiment remains positive, with multiple analysts upgrading their price targets for United Airlines, now averaging around $120.64 with a consensus rating of "Buy."

Heartland Bank & Trust Co bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,570 shares of the transportation company's stock, valued at approximately $205,000.

A number of other large investors have also recently modified their holdings of UAL. Bison Wealth LLC bought a new stake in shares of United Airlines during the 4th quarter valued at about $246,000. GAMMA Investing LLC boosted its stake in shares of United Airlines by 6.1% during the 1st quarter. GAMMA Investing LLC now owns 5,222 shares of the transportation company's stock valued at $361,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of United Airlines by 1.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 23,743 shares of the transportation company's stock valued at $1,639,000 after purchasing an additional 403 shares in the last quarter. Ritholtz Wealth Management bought a new stake in shares of United Airlines during the 1st quarter valued at about $393,000. Finally, Exchange Traded Concepts LLC boosted its stake in United Airlines by 132.9% during the first quarter. Exchange Traded Concepts LLC now owns 7,503 shares of the transportation company's stock worth $518,000 after acquiring an additional 4,281 shares in the last quarter. Institutional investors own 69.69% of the company's stock.

Insider Activity at United Airlines

In related news, Director Barney Harford sold 15,823 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $90.03, for a total transaction of $1,424,544.69. Following the transaction, the director owned 89,000 shares in the company, valued at $8,012,670. This represents a 15.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michelle Freyre sold 900 shares of the company's stock in a transaction that occurred on Monday, July 28th. The shares were sold at an average price of $92.13, for a total transaction of $82,917.00. Following the sale, the director directly owned 829 shares of the company's stock, valued at approximately $76,375.77. This represents a 52.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 106,791 shares of company stock valued at $9,992,318 over the last quarter. 0.63% of the stock is owned by company insiders.

Analyst Ratings Changes

UAL has been the topic of several research reports. Jefferies Financial Group boosted their price objective on shares of United Airlines from $115.00 to $125.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Evercore ISI boosted their price objective on shares of United Airlines from $105.00 to $135.00 and gave the stock an "outperform" rating in a research note on Monday, September 29th. Bank of America boosted their price objective on shares of United Airlines from $90.00 to $108.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. UBS Group boosted their price objective on shares of United Airlines from $114.00 to $131.00 and gave the stock a "buy" rating in a research note on Friday, September 26th. Finally, Wall Street Zen lowered shares of United Airlines from a "buy" rating to a "hold" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and a consensus price target of $120.64.

United Airlines Stock Up 3.9%

Shares of United Airlines stock opened at $103.15 on Wednesday. The company has a market cap of $33.39 billion, a price-to-earnings ratio of 10.34, a price-to-earnings-growth ratio of 1.26 and a beta of 1.45. The company's 50 day moving average is $100.96 and its 200 day moving average is $85.39. United Airlines Holdings Inc has a twelve month low of $52.00 and a twelve month high of $116.00. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, beating analysts' consensus estimates of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $4.14 earnings per share. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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.

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