United Airlines Holdings Inc $UAL Position Boosted by Sanders Capital LLC

Key Points

• Sanders Capital increased its United Airlines stake by 0.4% in the third quarter, adding 62,554 shares to hold about 15.09 million shares worth $1.67 billion. UAL represents 1.6% of its portfolio.
• Institutional investors and hedge funds own 69.69% of United Airlines shares. Two executives reported stock sales, while insider ownership stands at 0.86%.
• Analyst sentiment is Moderate Buy, with a consensus price target of $156.19. In its latest reported quarter, United narrowly missed EPS and revenue estimates, despite year-over-year revenue growth of 17.4%.

Sanders Capital LLC raised its position in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 0.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,090,502 shares of the transportation company's stock after buying an additional 62,554 shares during the period. United Airlines comprises 1.6% of Sanders Capital LLC's investment portfolio, making the stock its 20th biggest position. Sanders Capital LLC owned approximately 4.64% of United Airlines worth $1,674,291,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of UAL. Primecap Management Co. CA purchased a new position in United Airlines during the second quarter valued at $2,238,617,000. International Assets Investment Management LLC raised its position in shares of United Airlines by 7,757.6% during the 3rd quarter. International Assets Investment Management LLC now owns 1,426,000 shares of the transportation company's stock worth $158,215,000 after purchasing an additional 1,407,852 shares during the last quarter. Deutsche Bank AG purchased a new position in United Airlines in the 2nd quarter valued at about $178,571,000. Bank of New York Mellon Corp purchased a new position in United Airlines in the 2nd quarter valued at about $178,508,000. Finally, Bank of America Corp DE acquired a new stake in United Airlines in the 2nd quarter worth about $153,537,000. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Buying and Selling

In other United Airlines news, EVP Andrew Nocella sold 5,000 shares of the company's stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $117.00, for a total transaction of $585,000.00. Following the transaction, the executive vice president directly owned 214,955 shares in the company, valued at $25,149,735. This represents a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, President Brett J. Hart sold 39,000 shares of the company's stock in a transaction on Friday, October 30th. The stock was sold at an average price of $102.68, for a total value of $4,004,520.00. Following the transaction, the president owned 325,122 shares in the company, valued at $33,383,526.96. This trade represents a 10.71% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

UAL has been the topic of several research reports. Zacks Research downgraded shares of United Airlines from a "hold" rating to a "strong sell" rating in a research note on Monday, September 28th. Morgan Stanley increased their price objective on shares of United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a report on Thursday, July 16th. Susquehanna lowered their target price on United Airlines from $150.00 to $130.00 and set a "positive" rating on the stock in a report on Thursday, October 22nd. Argus dropped their price target on United Airlines from $140.00 to $125.00 and set a "buy" rating for the company in a research report on Thursday, October 22nd. Finally, JPMorgan Chase & Co. increased their price target on United Airlines from $156.00 to $203.00 and gave the company an "overweight" rating in a report on Friday, July 17th. Sixteen analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $156.19.

United Airlines Trading Up 2.0%

UAL stock traded up $2.25 during mid-day trading on Friday, hitting $112.74. 5,081,692 shares of the company were exchanged, compared to its average volume of 5,345,439. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.38. The firm has a market capitalization of $36.63 billion, a P/E ratio of 10.31, a PEG ratio of 1.38 and a beta of 1.38. The business has a fifty day simple moving average of $107.33 and a 200-day simple moving average of $108.23. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The company had revenue of $17.88 billion during the quarter, compared to analysts' expectations of $17.89 billion. During the same period last year, the firm posted $2.78 earnings per share. United Airlines's revenue was up 17.4% on a year-over-year basis. On average, equities research analysts predict that United Airlines Holdings Inc will post 7.10 earnings per share for the current fiscal year.

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. passenger and cargo airline. The company provides domestic and international air transportation, cargo services, and travel-related offerings, including its MileagePlus loyalty program. Regional service is also offered under the United Express brand through partner airlines.

United serves destinations across the Americas, Europe, Asia, Africa, and Oceania. Its network is organized around hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco, and Washington, DC

The airline traces its history to Varney Air Lines, founded in 1926, and has developed through mergers and acquisitions over the decades.

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