United Airlines Holdings Inc $UAL Shares Purchased by California Public Employees Retirement System

Key Points

• California Public Employees Retirement System increased its United Airlines stake by 9.1% in Q1, ending with 762,663 shares valued at about $70.2 million.
• Several analysts have raised price targets on UAL after recent developments, and the stock now carries a Moderate Buy consensus with a $156.79 average target.
• United Airlines recently beat quarterly earnings estimates, but investors are watching higher fuel costs and softer near-term guidance that could pressure margins.

California Public Employees Retirement System lifted its holdings in United Airlines Holdings Inc (NASDAQ:UAL - Free Report) by 9.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 762,663 shares of the transportation company's stock after purchasing an additional 63,329 shares during the period. California Public Employees Retirement System owned about 0.23% of United Airlines worth $70,218,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of UAL. State Street Corp grew its holdings in United Airlines by 0.5% in the fourth quarter. State Street Corp now owns 11,510,200 shares of the transportation company's stock valued at $1,287,071,000 after purchasing an additional 52,962 shares during the period. Geode Capital Management LLC raised its stake in shares of United Airlines by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 9,012,731 shares of the transportation company's stock worth $1,015,218,000 after buying an additional 68,565 shares during the period. Capital World Investors raised its stake in shares of United Airlines by 0.3% during the 4th quarter. Capital World Investors now owns 7,265,530 shares of the transportation company's stock worth $812,428,000 after buying an additional 22,464 shares during the period. Par Capital Management Inc. lifted its position in shares of United Airlines by 1.6% during the 4th quarter. Par Capital Management Inc. now owns 4,894,850 shares of the transportation company's stock valued at $547,342,000 after buying an additional 75,000 shares in the last quarter. Finally, Senator Investment Group LP grew its stake in United Airlines by 1.1% in the 4th quarter. Senator Investment Group LP now owns 3,128,629 shares of the transportation company's stock valued at $349,843,000 after acquiring an additional 33,986 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Insider Buying and Selling

In other United Airlines news, EVP Andrew P. Nocella sold 7,000 shares of the stock in a transaction dated Friday, May 1st. The shares were sold at an average price of $90.19, for a total value of $631,330.00. Following the completion of the sale, the executive vice president owned 215,345 shares in the company, valued at approximately $19,421,965.55. This represents a 3.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Scott Kirby sold 48,303 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $121.30, for a total transaction of $5,859,153.90. Following the completion of the transaction, the chief executive officer directly owned 798,929 shares in the company, valued at $96,910,087.70. This trade represents a 5.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 96,381 shares of company stock worth $10,837,575. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently commented on UAL. Weiss Ratings reissued a "hold (c+)" rating on shares of United Airlines in a report on Monday, April 20th. Sanford C. Bernstein increased their price objective on shares of United Airlines from $136.00 to $153.00 and gave the company an "outperform" rating in a report on Wednesday, July 1st. Morgan Stanley lifted their target price on shares of United Airlines from $185.00 to $190.00 and gave the company an "overweight" rating in a research report on Thursday. The Goldman Sachs Group boosted their target price on shares of United Airlines from $131.00 to $162.00 and gave the stock a "buy" rating in a research note on Thursday, July 2nd. Finally, UBS Group upped their price target on shares of United Airlines from $148.00 to $153.00 and gave the stock a "buy" rating in a research report on Tuesday, June 23rd. Sixteen analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.79.

United Airlines Price Performance

Shares of UAL opened at $115.41 on Monday. The stock has a 50 day moving average price of $114.62 and a 200 day moving average price of $106.62. United Airlines Holdings Inc has a one year low of $82.42 and a one year high of $138.77. 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 stock has a market capitalization of $37.46 billion, a price-to-earnings ratio of 10.80, a PEG ratio of 0.88 and a beta of 1.25.

United Airlines (NASDAQ:UAL - Get Free Report) last announced its earnings results 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. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The company had revenue of $17.67 billion for the quarter, compared to analysts' expectations of $17.62 billion. During the same quarter in the previous year, the company posted $3.87 EPS. The firm's quarterly revenue was up 16.4% on a year-over-year basis. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Equities research analysts forecast that United Airlines Holdings Inc will post 10.13 earnings per share for the current fiscal year.

Key Stories Impacting United Airlines

Here are the key news stories impacting United Airlines this week:

• Positive Sentiment: United Airlines delivered better-than-expected Q2 results, with earnings of $1.99 per share topping estimates and revenue rising 16.4% year over year, reinforcing that travel demand remains resilient. Article Title
• Positive Sentiment: JPMorgan raised its price target on UAL to $203 and kept an overweight rating, signaling confidence that the stock has meaningful upside after the earnings report. Article Title
• Positive Sentiment: Several reports highlighted that premium and international demand, plus strong yields, helped offset cost pressure and supported a higher full-year earnings outlook. Article Title
• Neutral Sentiment: United and Delta both posted strong quarters, but analysts are still debating which airline is the better buy as investors weigh valuation, demand trends and margin durability. Article Title
• Negative Sentiment: The stock is under pressure because United warned that higher fuel costs could add nearly $6 billion in expenses in 2026, which could squeeze margins despite strong demand. Article Title
• Negative Sentiment: Investors also reacted to United’s third-quarter EPS guidance of $2.50 to $3.50, which came in below Wall Street expectations and raised concerns that near-term profitability may soften. Article Title

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.

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