United Airlines Holdings Inc $UAL Shares Bought by State Street Corp

Key Points

• State Street increased its United Airlines stake by 1.4% in the second quarter, adding 162,283 shares to own 11.79 million shares valued at approximately $1.6 billion. Institutional investors collectively own 69.69% of UAL.
• United Airlines reported quarterly EPS of $1.99, exceeding estimates of $1.88, while revenue rose 16.4% year over year to $17.67 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $158.26.
• United’s CEO and president sold shares totaling about $22.4 million during July; the president’s sale was attributed to tax-withholding obligations tied to vested equity awards.

State Street Corp boosted its position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,788,111 shares of the transportation company's stock after buying an additional 162,283 shares during the period. State Street Corp owned 3.63% of United Airlines worth $1,603,065,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Junto Capital Management LP purchased a new stake in shares of United Airlines during the second quarter worth $37,460,000. Sequoia Financial Advisors LLC boosted its position in United Airlines by 26.2% during the second quarter. Sequoia Financial Advisors LLC now owns 23,613 shares of the transportation company's stock worth $3,211,000 after acquiring an additional 4,903 shares during the last quarter. IPG Investment Advisors LLC boosted its position in United Airlines by 14.7% during the second quarter. IPG Investment Advisors LLC now owns 3,900 shares of the transportation company's stock worth $530,000 after acquiring an additional 500 shares during the last quarter. National Pension Service grew its stake in United Airlines by 45.0% during the 2nd quarter. National Pension Service now owns 43,781 shares of the transportation company's stock valued at $5,954,000 after acquiring an additional 13,585 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC acquired a new stake in United Airlines in the 2nd quarter valued at about $233,000. Institutional investors and hedge funds own 69.69% of the company's stock.

United Airlines Stock Up 0.7%

UAL stock opened at $115.21 on Wednesday. United Airlines Holdings Inc has a fifty-two week low of $84.64 and a fifty-two week high of $138.77. The company's 50 day moving average price is $116.64 and its 200 day moving average price is $108.47. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.72 and a current ratio of 0.78. The firm has a market capitalization of $37.39 billion, a price-to-earnings ratio of 10.78, a PEG ratio of 0.92 and a beta of 1.27.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.11. The business had revenue of $17.67 billion during the quarter, compared to analysts' expectations of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company's revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. On average, equities research analysts anticipate that United Airlines Holdings Inc will post 9.91 EPS for the current fiscal year.

Insider Activity at United Airlines

In other news, CEO J. Kirby sold 159,321 shares of the business's stock in a transaction that occurred on Tuesday, July 21st. The shares were sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, President Brett J. Hart sold 30,108 shares of the stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the completion of the transaction, the president directly owned 371,583 shares in the company, valued at $44,857,499.76. This trade represents a 7.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 221,629 shares of company stock worth $26,328,598 over the last 90 days. 0.86% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on UAL shares. Susquehanna decreased their target price on shares of United Airlines from $172.00 to $165.00 and set a "positive" rating on the stock in a research note on Friday, July 17th. Wells Fargo & Company increased their price target on United Airlines from $130.00 to $165.00 and gave the company an "overweight" rating in a report on Tuesday, June 30th. Rothschild & Co Redburn lowered their price objective on United Airlines from $165.00 to $150.00 and set a "buy" rating on the stock in a research note on Friday. Barclays decreased their target price on shares of United Airlines from $175.00 to $160.00 and set an "overweight" rating on the stock in a report on Friday, September 11th. Finally, UBS Group lowered their price target on United Airlines from $153.00 to $137.00 and set a "buy" rating for the company in a report on Thursday, September 10th. Sixteen research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, United Airlines currently has a consensus rating of "Moderate Buy" and a consensus price target of $158.26.

About United Airlines

United Airlines Holdings, Inc NASDAQ: UAL is the parent company of United Airlines, Inc, a major U.S. airline headquartered in Chicago, Illinois. United provides scheduled air transportation for passengers and cargo, serving destinations across the United States and connecting North America with international markets throughout Latin America, Europe, Asia, Africa and the Middle East.

The company operates a broad network through hubs including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC Its services include economy, premium-economy and business-class travel, as well as air cargo transportation.

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