Trustmark National Bank Trust Department lifted its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 1.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 28,710 shares of the transportation company’s stock after purchasing an additional 524 shares during the period. Trustmark National Bank Trust Department’s holdings in United Airlines were worth $1,575,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in United Airlines by 2.1% in the first quarter. Vanguard Group Inc. now owns 34,550,592 shares of the transportation company’s stock worth $1,601,764,000 after acquiring an additional 700,850 shares during the period. Capital International Investors purchased a new stake in United Airlines in the first quarter worth $351,299,000. Geode Capital Management LLC lifted its stake in United Airlines by 2.1% in the first quarter. Geode Capital Management LLC now owns 7,018,196 shares of the transportation company’s stock worth $310,174,000 after acquiring an additional 146,791 shares during the period. FMR LLC lifted its stake in United Airlines by 33.6% in the first quarter. FMR LLC now owns 6,572,951 shares of the transportation company’s stock worth $290,853,000 after acquiring an additional 1,654,181 shares during the period. Finally, Morgan Stanley lifted its stake in United Airlines by 22.5% in the fourth quarter. Morgan Stanley now owns 3,707,896 shares of the transportation company’s stock worth $139,788,000 after acquiring an additional 680,413 shares during the period. Institutional investors own 70.37% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on UAL shares. StockNews.com started coverage on United Airlines in a research note on Thursday, October 5th. They issued a “hold” rating for the company. Citigroup lowered their price objective on United Airlines from $76.00 to $71.00 and set a “buy” rating for the company in a research report on Thursday, October 19th. TD Cowen raised their price objective on United Airlines from $65.00 to $70.00 and gave the company an “outperform” rating in a research report on Friday, July 21st. Barclays lowered their price objective on United Airlines from $80.00 to $60.00 in a research report on Thursday, October 5th. Finally, Redburn Partners raised United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, August 7th. Four analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.87.
Insider Buying and Selling
In other United Airlines news, Director James A. C. Kennedy acquired 4,500 shares of United Airlines stock in a transaction that occurred on Monday, November 6th. The stock was bought at an average cost of $36.43 per share, for a total transaction of $163,935.00. Following the acquisition, the director now owns 27,863 shares of the company’s stock, valued at $1,015,049.09. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.
United Airlines Price Performance
NASDAQ UAL opened at $39.76 on Friday. United Airlines Holdings, Inc. has a one year low of $33.68 and a one year high of $58.23. The stock has a 50-day moving average of $39.89 and a 200 day moving average of $47.67. The company has a market capitalization of $13.04 billion, a price-to-earnings ratio of 4.61, a PEG ratio of 0.09 and a beta of 1.49. The company has a debt-to-equity ratio of 2.94, a quick ratio of 0.82 and a current ratio of 0.89.
United Airlines (NASDAQ:UAL – Get Free Report) last released its quarterly earnings data on Wednesday, October 18th. The transportation company reported $3.65 EPS for the quarter, topping the consensus estimate of $3.38 by $0.27. United Airlines had a return on equity of 46.26% and a net margin of 5.45%. The company had revenue of $14.50 billion during the quarter, compared to the consensus estimate of $14.43 billion. During the same period last year, the company earned $2.81 EPS. United Airlines’s revenue for the quarter was up 12.6% on a year-over-year basis. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 9.75 EPS for the current year.
About United Airlines
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, training, and maintenance services for third parties.
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