Principal Financial Group Inc. Raises Position in United Airlines Holdings Inc (NASDAQ:UAL)

Principal Financial Group Inc. boosted its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 3.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 385,925 shares of the transportation company's stock after acquiring an additional 11,628 shares during the period. Principal Financial Group Inc. owned 0.12% of United Airlines worth $26,648,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Capital A Wealth Management LLC bought a new position in United Airlines during the fourth quarter valued at about $31,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of United Airlines in the 4th quarter worth approximately $36,000. CENTRAL TRUST Co lifted its stake in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares during the last quarter. Ameriflex Group Inc. bought a new position in United Airlines during the fourth quarter valued at $58,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in United Airlines in the first quarter worth $69,000. Institutional investors own 69.69% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on UAL shares. Cantor Fitzgerald set a $88.00 price target on United Airlines in a research note on Tuesday, April 22nd. Cowen reiterated a "buy" rating on shares of United Airlines in a research report on Tuesday, April 22nd. Evercore ISI reduced their target price on shares of United Airlines from $145.00 to $100.00 and set an "outperform" rating for the company in a research note on Friday, April 11th. Wall Street Zen cut shares of United Airlines from a "strong-buy" rating to a "buy" rating in a research note on Saturday, June 7th. Finally, Susquehanna cut their price objective on shares of United Airlines from $90.00 to $81.00 and set a "positive" rating for the company in a report on Thursday, April 17th. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and a consensus price target of $104.50.

United Airlines Trading Down 4.3%

NASDAQ UAL traded down $3.98 during trading on Friday, hitting $87.69. 9,833,628 shares of the company's stock traded hands, compared to its average volume of 7,710,176. The stock has a fifty day moving average of $78.78 and a two-hundred day moving average of $84.36. United Airlines Holdings Inc has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a market cap of $28.64 billion, a P/E ratio of 7.99, a PEG ratio of 1.47 and a beta of 1.42. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.78 and a quick ratio of 0.72.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.16. United Airlines had a return on equity of 32.90% and a net margin of 6.34%. The business had revenue of $13.21 billion for the quarter, compared to analyst estimates of $13.47 billion. As a group, sell-side analysts expect that United Airlines Holdings Inc will post 12.96 EPS for the current year.

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.