1,624 Shares in United Airlines Holdings Inc (NASDAQ:UAL) Acquired by Vestcor Inc

Vestcor Inc purchased a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,624 shares of the transportation company’s stock, valued at approximately $112,000.

Several other large investors have also made changes to their positions in UAL. Orion Portfolio Solutions LLC boosted its position in shares of United Airlines by 100.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 7,679 shares of the transportation company’s stock worth $746,000 after acquiring an additional 3,855 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of United Airlines by 6.9% during the 4th quarter. Franklin Resources Inc. now owns 216,611 shares of the transportation company’s stock worth $21,033,000 after acquiring an additional 14,059 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of United Airlines by 3.8% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 202,917 shares of the transportation company’s stock worth $19,703,000 after acquiring an additional 7,471 shares in the last quarter. World Investment Advisors acquired a new stake in shares of United Airlines during the 4th quarter worth approximately $442,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of United Airlines during the 4th quarter worth approximately $216,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insider Buying and Selling at United Airlines

In other United Airlines news, Director Michelle Freyre sold 900 shares of United Airlines stock in a transaction on Monday, July 28th. The shares were sold at an average price of $92.13, for a total value of $82,917.00. Following the completion of the sale, the director directly owned 829 shares of the company’s stock, valued at approximately $76,375.77. The trade was a 52.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Brett J. Hart sold 24,772 shares of United Airlines stock in a transaction on 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 directly owned 283,638 shares of the company’s stock, valued at approximately $25,385,601. This trade represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 45,672 shares of company stock valued at $4,144,411. Corporate insiders own 0.63% of the company’s stock.

United Airlines Price Performance

Shares of NASDAQ UAL opened at $87.01 on Tuesday. United Airlines Holdings Inc has a twelve month low of $37.02 and a twelve month high of $116.00. The firm has a fifty day simple moving average of $82.90 and a 200 day simple moving average of $82.78. The company has a market capitalization of $28.17 billion, a PE ratio of 8.72, a P/E/G ratio of 1.09 and a beta of 1.48. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56.

United Airlines (NASDAQ:UAL) last announced its earnings results on Wednesday, July 16th. The transportation company reported $3.87 earnings per share for the quarter, topping analysts’ consensus estimates of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The business had revenue of $15.24 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter last year, the firm earned $4.14 earnings per share. United Airlines’s quarterly revenue was up 1.4% on a year-over-year basis. On average, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 EPS for the current year.

Analysts Set New Price Targets

UAL has been the topic of several analyst reports. Susquehanna increased their price target on shares of United Airlines from $81.00 to $109.00 and gave the stock a “positive” rating in a research report on Tuesday, July 15th. Barclays reaffirmed an “overweight” rating and set a $100.00 target price (up previously from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Wall Street Zen cut shares of United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Bank of America boosted their target price 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. Finally, UBS Group boosted their target price on shares of United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. Two analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $111.43.

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.