Sumitomo Mitsui Trust Holdings Inc. Sells 4,849 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Sumitomo Mitsui Trust Holdings Inc. trimmed its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 13.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,237 shares of the transportation company’s stock after selling 4,849 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in United Airlines were worth $1,289,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in United Airlines during the third quarter worth about $25,000. Loomis Sayles & Co. L P raised its holdings in United Airlines by 707.8% during the third quarter. Loomis Sayles & Co. L P now owns 622 shares of the transportation company’s stock worth $26,000 after acquiring an additional 545 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in United Airlines by 72.1% during the fourth quarter. Venturi Wealth Management LLC now owns 654 shares of the transportation company’s stock worth $27,000 after acquiring an additional 274 shares in the last quarter. Clear Street Markets LLC raised its holdings in United Airlines by 116.8% during the third quarter. Clear Street Markets LLC now owns 930 shares of the transportation company’s stock worth $39,000 after acquiring an additional 501 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in United Airlines by 1,000.0% during the third quarter. Cullen Frost Bankers Inc. now owns 1,100 shares of the transportation company’s stock worth $47,000 after acquiring an additional 1,000 shares in the last quarter. 69.69% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on UAL shares. Evercore ISI upgraded United Airlines from an “in-line” rating to an “outperform” rating and upped their target price for the stock from $58.00 to $65.00 in a report on Friday, February 9th. Bank of America upped their target price on United Airlines from $60.00 to $70.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Redburn Atlantic lowered United Airlines from a “buy” rating to a “neutral” rating and set a $50.00 price objective on the stock. in a research note on Tuesday, February 13th. UBS Group initiated coverage on United Airlines in a research note on Wednesday, March 20th. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, Susquehanna upped their price objective on United Airlines from $55.00 to $60.00 and gave the company a “positive” rating in a research note on Thursday, April 18th. Four analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat, United Airlines currently has an average rating of “Moderate Buy” and a consensus price target of $66.53.

Insider Activity

In related news, EVP Kate Gebo sold 15,000 shares of the stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of $50.86, for a total transaction of $762,900.00. Following the sale, the executive vice president now owns 57,512 shares of the company’s stock, valued at $2,925,060.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.63% of the stock is owned by company insiders.

United Airlines Price Performance

United Airlines stock opened at $53.51 on Friday. United Airlines Holdings, Inc. has a 12 month low of $33.68 and a 12 month high of $58.23. The stock’s 50 day moving average is $45.34 and its 200-day moving average is $41.83. The company has a current ratio of 0.75, a quick ratio of 0.69 and a debt-to-equity ratio of 2.52. The company has a market capitalization of $17.59 billion, a price-to-earnings ratio of 6.61, a PEG ratio of 0.54 and a beta of 1.55.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, January 23rd. The transportation company reported $2.00 EPS for the quarter, beating the consensus estimate of $1.61 by $0.39. United Airlines had a return on equity of 39.85% and a net margin of 4.90%. The company had revenue of $13.63 billion for the quarter, compared to the consensus estimate of $13.55 billion. During the same quarter in the prior year, the business earned $2.46 earnings per share. The firm’s revenue for the quarter was up 9.9% on a year-over-year basis. Equities research analysts expect that United Airlines Holdings, Inc. will post 9.91 EPS for the current year.

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.