Korea Investment CORP acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 103,906 shares of the transportation company's stock, valued at approximately $14,130,000.
Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its stake in United Airlines by 0.5% during the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company's stock worth $1,287,071,000 after buying an additional 52,962 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of United Airlines by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company's stock worth $1,015,218,000 after acquiring an additional 68,565 shares during the period. Capital World Investors boosted its position in shares of United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company's stock valued at $812,428,000 after acquiring an additional 22,464 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in United Airlines by 3.5% in the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company's stock valued at $521,330,000 after acquiring an additional 190,017 shares during the period. Finally, Par Capital Management Inc. increased its stake in United Airlines by 1.6% in the fourth quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company's stock valued at $547,342,000 after acquiring an additional 75,000 shares during the period. 69.69% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on UAL shares. Jefferies Financial Group restated a "buy" rating and set a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. Bank of America boosted their price target on United Airlines from $145.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, July 1st. Zacks Research upgraded United Airlines from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of United Airlines in a report on Friday, July 17th. Finally, TD Cowen upped their target price on shares of United Airlines from $150.00 to $176.00 and gave the stock a "buy" rating in a report on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, United Airlines has a consensus rating of "Moderate Buy" and a consensus target price of $156.79.
Check Out Our Latest Stock Report on United Airlines
Insider Transactions at United Airlines
In other United Airlines news, President Brett J. Hart sold 30,108 shares of the business's stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total value of $3,634,637.76. Following the completion of the transaction, the president directly owned 371,583 shares of the company's stock, valued at approximately $44,857,499.76. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 3,000 shares of the business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $132.30, for a total transaction of $396,900.00. Following the completion of the transaction, the executive vice president directly owned 219,955 shares of the company's stock, valued at approximately $29,100,046.50. This represents a 1.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 306,010 shares of company stock worth $35,949,843. Corporate insiders own 0.86% of the company's stock.
United Airlines Stock Performance
Shares of UAL opened at $113.17 on Monday. The stock has a fifty day moving average price of $124.00 and a two-hundred day moving average price of $108.55. 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 Holdings Inc has a 52-week low of $84.64 and a 52-week high of $138.77. The company has a market cap of $36.73 billion, a price-to-earnings ratio of 10.59, a PEG ratio of 0.87 and a beta of 1.28.
United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, topping the consensus estimate of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The company had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. During the same quarter in the prior year, the business earned $3.87 earnings per share. The business's revenue for the quarter was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Analysts predict that United Airlines Holdings Inc will post 10.38 EPS for the current fiscal year.
United Airlines Profile
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Free Report)
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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