3,911 Shares in United Airlines Holdings Inc $UAL Purchased by State of Wyoming

Key Points

• The State of Wyoming has invested approximately $270,000 in United Airlines Holdings Inc by purchasing 3,911 shares.
• Several large investors have recently adjusted their stakes in United Airlines, with institutional investors now holding 69.69% of the company’s stock.
• Analysts have issued positive ratings for United Airlines, with an average price target of $111.43, indicating expected growth for the stock.

State of Wyoming purchased a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,911 shares of the transportation company's stock, valued at approximately $270,000.

Other hedge funds have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new position in United Airlines during the 4th quarter valued at approximately $31,000. Hemington Wealth Management increased its stake in United Airlines by 50.6% during the 1st quarter. Hemington Wealth Management now owns 476 shares of the transportation company's stock valued at $32,000 after purchasing an additional 160 shares in the last quarter. Eastern Bank acquired a new position in United Airlines during the 1st quarter valued at approximately $35,000. CENTRAL TRUST Co increased its stake in United Airlines by 57.2% during the 1st quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company's stock valued at $56,000 after purchasing an additional 297 shares in the last quarter. Finally, Ameriflex Group Inc. acquired a new position in United Airlines during the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of recent analyst reports. UBS Group upped their price target on shares of United Airlines from $103.00 to $114.00 and gave the company a "buy" rating in a research note on Tuesday, July 15th. Sanford C. Bernstein reiterated an "outperform" rating on shares of United Airlines in a research note on Tuesday, May 13th. Bank of America increased 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. TD Cowen increased their price objective on shares of United Airlines from $101.00 to $127.00 and gave the stock a "buy" rating in a research note on Monday, July 21st. Finally, Barclays reiterated an "overweight" rating and issued a $100.00 price objective (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, United Airlines currently has an average rating of "Buy" and an average price target of $111.43.

Insiders Place Their Bets

In other news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction dated Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the sale, the director owned 829 shares in the company, valued at $76,375.77. This trade represents a 52.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction dated Friday, July 25th. The shares were sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the completion of the sale, the president owned 283,638 shares in the company, 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. Over the last quarter, insiders have sold 106,791 shares of company stock valued at $9,992,318. 0.71% of the stock is owned by company insiders.

United Airlines Stock Performance

UAL stock traded up $0.54 during midday trading on Friday, hitting $106.59. 3,634,117 shares of the stock traded hands, compared to its average volume of 4,646,877. The firm has a market cap of $34.51 billion, a P/E ratio of 10.68, a PEG ratio of 1.38 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65. The stock's fifty day simple moving average is $93.14 and its 200-day simple moving average is $81.87. United Airlines Holdings Inc has a 1-year low of $44.85 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Wednesday, July 16th. The transportation company reported $3.87 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%. The firm's revenue was up 1.4% on a year-over-year basis. During the same quarter last year, the business earned $4.14 earnings per share. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. On average, analysts expect that United Airlines Holdings Inc will post 12.96 earnings per share 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.