Whalen Wealth Management Inc. Buys Shares of 7,169 United Airlines Holdings Inc $UAL

Whalen Wealth Management Inc. bought a new position in United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, Holdings Channel reports. The firm bought 7,169 shares of the transportation company’s stock, valued at approximately $975,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in UAL. Root Financial Partners LLC raised its holdings in shares of United Airlines by 5.3% in the fourth quarter. Root Financial Partners LLC now owns 1,840 shares of the transportation company’s stock valued at $206,000 after acquiring an additional 93 shares in the last quarter. AXA S.A. lifted its stake in United Airlines by 0.8% in the second quarter. AXA S.A. now owns 15,465 shares of the transportation company’s stock worth $1,231,000 after acquiring an additional 121 shares during the period. SJS Investment Consulting Inc. grew its holdings in United Airlines by 17.0% during the 1st quarter. SJS Investment Consulting Inc. now owns 861 shares of the transportation company’s stock worth $79,000 after acquiring an additional 125 shares in the last quarter. Fielder Capital Group LLC grew its holdings in United Airlines by 5.4% during the 4th quarter. Fielder Capital Group LLC now owns 2,473 shares of the transportation company’s stock worth $276,000 after acquiring an additional 127 shares in the last quarter. Finally, Koshinski Asset Management Inc. increased its position in United Airlines by 3.7% during the 1st quarter. Koshinski Asset Management Inc. now owns 3,914 shares of the transportation company’s stock valued at $360,000 after purchasing an additional 138 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

UAL has been the subject of several research reports. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $156.00 to $203.00 and gave the stock an “overweight” rating in a research report on Friday, July 17th. BMO Capital Markets lifted their price objective on shares of United Airlines from $130.00 to $157.50 and gave the company an “outperform” rating in a report on Thursday, July 2nd. Barclays boosted their price objective on shares of United Airlines from $150.00 to $175.00 and gave the stock an “overweight” rating in a research note on Thursday, June 25th. Jefferies Financial Group restated a “buy” rating and set a $155.00 target price on shares of United Airlines in a report on Sunday, July 19th. Finally, Morgan Stanley increased their target price on United Airlines from $185.00 to $190.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Sixteen investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $157.74.

Insiders Place Their Bets

In other news, President Brett J. Hart sold 30,108 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $120.72, for a total transaction of $3,634,637.76. Following the sale, the president owned 371,583 shares in the company, valued at approximately $44,857,499.76. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the transaction, the executive vice president owned 114,800 shares in the company, valued at approximately $13,765,668. This trade represents a 14.84% decrease in their position. 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. In the last ninety days, insiders have sold 266,010 shares of company stock valued at $31,732,909. 0.86% of the stock is owned by corporate insiders.

United Airlines Price Performance

NASDAQ UAL opened at $113.57 on Tuesday. The firm’s fifty day simple moving average is $123.87 and its two-hundred day simple moving average is $108.57. The firm has a market capitalization of $36.86 billion, a P/E ratio of 10.62, a P/E/G ratio of 0.87 and a beta of 1.28. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.45. United Airlines Holdings Inc has a 12-month low of $84.64 and a 12-month high of $138.77.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings data on Wednesday, July 15th. The transportation company reported $1.99 earnings per share for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. United Airlines had a return on equity of 19.05% and a net margin of 5.56%.The firm had revenue of $17.67 billion during the quarter, compared to analysts’ expectations of $17.62 billion. During the same quarter last year, the firm earned $3.87 EPS. The business’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. Analysts forecast that United Airlines Holdings Inc will post 10.38 EPS for the current fiscal year.

About United Airlines

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.