Venturi Wealth Management LLC Makes New $239,000 Investment in United Airlines Holdings Inc $UAL

Key Points

• Venturi Wealth Management LLC has made a new investment in United Airlines, purchasing 2,998 shares valued at approximately $239,000.
• Analysts have increased their price targets for United Airlines, with Jefferies Financial Group raising theirs from $115.00 to $125.00 and several other firms following suit.
• United Airlines reported earnings of $3.87 per share, exceeding analyst expectations, but its revenue fell slightly short of projections, totaling $15.24 billion for the quarter.

Venturi Wealth Management LLC purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 2,998 shares of the transportation company's stock, valued at approximately $239,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its stake in shares of United Airlines by 10,777.6% in the 1st quarter. Pacer Advisors Inc. now owns 5,068,103 shares of the transportation company's stock valued at $349,953,000 after acquiring an additional 5,021,511 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in shares of United Airlines by 86.4% in the 1st quarter. Alyeska Investment Group L.P. now owns 3,985,560 shares of the transportation company's stock valued at $275,203,000 after acquiring an additional 1,847,884 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of United Airlines by 334.6% in the 1st quarter. AQR Capital Management LLC now owns 1,793,454 shares of the transportation company's stock valued at $116,539,000 after acquiring an additional 1,380,804 shares in the last quarter. Allianz Asset Management GmbH increased its stake in shares of United Airlines by 1,575.1% in the 1st quarter. Allianz Asset Management GmbH now owns 1,277,374 shares of the transportation company's stock valued at $88,203,000 after acquiring an additional 1,201,118 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of United Airlines in the 1st quarter valued at $72,722,000. Institutional investors own 69.69% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on UAL shares. Jefferies Financial Group lifted their price objective on shares of United Airlines from $115.00 to $125.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. TD Cowen lifted their price objective on shares of United Airlines from $101.00 to $127.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Barclays lifted their price objective on shares of United Airlines from $100.00 to $115.00 and gave the company an "overweight" rating in a research note on Wednesday, October 1st. Susquehanna lifted their price target on shares of United Airlines from $109.00 to $115.00 and gave the company a "positive" rating in a research report on Friday, October 3rd. Finally, Evercore ISI lifted their price target on shares of United Airlines from $105.00 to $135.00 and gave the company an "outperform" rating in a research report on Monday, September 29th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $120.64.

United Airlines Price Performance

UAL opened at $96.67 on Friday. 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 company has a market capitalization of $31.29 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 1.28 and a beta of 1.45. The firm's fifty day moving average price is $100.40 and its two-hundred day moving average price is $84.94. United Airlines Holdings Inc has a 1 year low of $52.00 and a 1 year high of $116.00.

United Airlines (NASDAQ:UAL - Get Free Report) last posted its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.81 by $0.06. The firm had revenue of $15.24 billion for the quarter, compared to the consensus estimate of $15.31 billion. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business's revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.14 EPS. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Activity at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the sale, the president owned 283,638 shares of the company's stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Barney Harford sold 9,000 shares of United Airlines stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares in the company, valued at $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 106,791 shares of company stock valued at $9,992,318 over the last three months. 0.71% of the stock is owned by insiders.

United Airlines 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.

Want to see what other hedge funds are holding UAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Airlines Holdings Inc (NASDAQ:UAL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.