Northwestern Mutual Wealth Management Co. Decreases Position in United Airlines Holdings Inc $UAL

Key Points

• Northwestern Mutual Wealth Management Co. sold 19,970 shares of United Airlines, reducing its stake by 41.9% and now holds 27,674 shares valued at approximately $1.91 million.
• Several institutional investors, such as Vanguard Group and Pacer Advisors, increased their stakes in United Airlines significantly during the first quarter, highlighting a strong interest in the company.
• Analysts have raised their price targets for United Airlines, with Bank of America setting a new target of $108.00, reflecting positive market sentiment towards the stock.

Northwestern Mutual Wealth Management Co. cut its stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 41.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,674 shares of the transportation company's stock after selling 19,970 shares during the period. Northwestern Mutual Wealth Management Co.'s holdings in United Airlines were worth $1,911,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its stake in shares of United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock worth $349,953,000 after purchasing an additional 5,021,511 shares in the last quarter. Fred Alger Management LLC purchased a new stake in shares of United Airlines in the 4th quarter worth $155,860,000. Assenagon Asset Management S.A. increased its stake in shares of United Airlines by 1,264.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 1,604,783 shares of the transportation company's stock worth $110,810,000 after purchasing an additional 1,487,167 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in United Airlines by 1,575.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock worth $88,203,000 after buying an additional 1,201,118 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in United Airlines by 783.1% in the 1st quarter. Victory Capital Management Inc. now owns 1,152,520 shares of the transportation company's stock worth $79,582,000 after buying an additional 1,022,012 shares during the period. 69.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UAL has been the subject of several recent analyst reports. Barclays reaffirmed an "overweight" rating and issued a $100.00 target price (up previously from $94.00) on shares of United Airlines in a report on Tuesday, July 15th. Evercore ISI reissued an "outperform" rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. TD Cowen upped their price objective on United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research report on Monday, July 21st. Cowen restated a "buy" rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, Wall Street Zen downgraded United Airlines from a "buy" rating to a "hold" rating in a research report on Friday, July 18th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, United Airlines has a consensus rating of "Buy" and a consensus target price of $111.43.

United Airlines Trading Down 0.1%

Shares of NASDAQ:UAL traded down $0.08 during trading on Monday, reaching $105.00. 2,865,826 shares of the company were exchanged, compared to its average volume of 4,587,003. The firm has a market capitalization of $33.99 billion, a PE ratio of 10.52, a P/E/G ratio of 1.36 and a beta of 1.47. The business's fifty day simple moving average is $90.36 and its 200-day simple moving average is $81.68. United Airlines Holdings Inc has a 12-month low of $41.63 and a 12-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.

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 (EPS) for the quarter, beating the consensus estimate of $3.81 by $0.06. The company had revenue of $15.24 billion for the quarter, compared to analyst estimates of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. United Airlines's revenue was up 1.4% compared to the same quarter last year. During the same period last year, the company posted $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, research analysts anticipate that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Insider Buying and Selling

In other United Airlines news, EVP Torbjorn J. Enqvist sold 20,000 shares of United Airlines stock in a transaction on Friday, July 18th. The shares were sold at an average price of $92.22, for a total value of $1,844,400.00. Following the completion of the transaction, the executive vice president owned 62,358 shares of the company's stock, valued at approximately $5,750,654.76. The trade was a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Brett J. Hart sold 24,772 shares of the company's stock in a transaction dated Friday, July 25th. The stock was 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 of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock valued at $9,992,318 over the last quarter. Insiders own 0.63% of the company's stock.

United Airlines Company Profile

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.