Northwestern Mutual Wealth Management Co. bought a new position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 29,840 shares of the transportation company's stock, valued at approximately $4,058,000.
A number of other large investors have also recently modified their holdings of the stock. Bison Wealth LLC purchased a new stake in United Airlines in the fourth quarter worth about $246,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in United Airlines by 24.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 39,872 shares of the transportation company's stock valued at $2,753,000 after acquiring an additional 7,713 shares in the last quarter. Focus Partners Wealth grew its holdings in shares of United Airlines by 92.7% during the 1st quarter. Focus Partners Wealth now owns 12,349 shares of the transportation company's stock worth $853,000 after acquiring an additional 5,939 shares during the period. First Trust Advisors LP grew its holdings in shares of United Airlines by 23.5% during the 2nd quarter. First Trust Advisors LP now owns 292,580 shares of the transportation company's stock worth $23,298,000 after acquiring an additional 55,728 shares during the period. Finally, Cresset Asset Management LLC raised its position in shares of United Airlines by 73.5% in the 2nd quarter. Cresset Asset Management LLC now owns 9,410 shares of the transportation company's stock worth $749,000 after acquiring an additional 3,987 shares in the last quarter. Institutional investors own 69.69% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on UAL shares. TD Cowen lifted their price target on United Airlines from $150.00 to $176.00 and gave the company a "buy" rating in a research report on Thursday, July 2nd. Morgan Stanley increased their price objective on United Airlines from $185.00 to $190.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. JPMorgan Chase & Co. raised their price objective on United Airlines from $156.00 to $203.00 and gave the company an "overweight" rating in a research report on Friday, July 17th. Jefferies Financial Group restated a "buy" rating and set a $155.00 target price on shares of United Airlines in a report on Sunday, July 19th. Finally, Barclays upped their target price on shares of United Airlines from $150.00 to $175.00 and gave the stock an "overweight" rating in a research report on Thursday, June 25th. Sixteen analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, United Airlines has an average rating of "Moderate Buy" and an average price target of $156.79.
Read Our Latest Stock Analysis on UAL
Insider Transactions at United Airlines
In related news, EVP Andrew P. Nocella sold 3,000 shares of the company's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $132.30, for a total value of $396,900.00. Following the transaction, the executive vice president owned 219,955 shares in the company, valued at $29,100,046.50. The trade was a 1.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO J Scott Kirby sold 159,321 shares of the company's stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 306,010 shares of company stock valued at $35,949,843. 0.86% of the stock is currently owned by corporate insiders.
United Airlines Stock Performance
Shares of UAL opened at $113.17 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The business's 50 day moving average price is $124.00 and its 200-day moving average price is $108.55. United Airlines Holdings Inc has a 52 week low of $84.64 and a 52 week high of $138.77. The stock has a market cap of $36.73 billion, a P/E ratio of 10.59, a P/E/G ratio of 0.87 and a beta of 1.28.
United Airlines (NASDAQ:UAL - Get Free Report) last posted 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. The company had revenue of $17.67 billion during the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The firm's revenue for the quarter was up 16.4% on a year-over-year basis. During the same quarter last year, the company earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Equities research analysts anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current fiscal year.
About United Airlines
(
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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