United Airlines Holdings Inc $UAL Stock: Sumitomo Mitsui Trust Group Inc. Reduces Position

Sumitomo Mitsui Trust Group Inc. decreased its position in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 3.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 185,972 shares of the transportation company’s stock after selling 6,708 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in United Airlines were worth $20,634,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Primecap Management Co. CA acquired a new stake in shares of United Airlines in the second quarter valued at approximately $2,238,617,000. State Street Corp grew its position in shares of United Airlines by 1.4% during the second quarter. State Street Corp now owns 11,788,111 shares of the transportation company’s stock worth $1,603,065,000 after acquiring an additional 162,283 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of United Airlines by 3.5% during the first quarter. Dimensional Fund Advisors LP now owns 5,664,538 shares of the transportation company’s stock worth $521,330,000 after acquiring an additional 190,017 shares during the last quarter. Amundi increased its holdings in shares of United Airlines by 57.4% in the 2nd quarter. Amundi now owns 1,916,864 shares of the transportation company’s stock valued at $260,674,000 after acquiring an additional 699,334 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of United Airlines by 1.4% in the 1st quarter. Assetmark Inc. now owns 1,617,257 shares of the transportation company’s stock valued at $148,901,000 after acquiring an additional 22,341 shares during the period. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Insiders Place Their Bets

In other United Airlines news, EVP Andrew P. Nocella sold 5,000 shares of the company’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $117.00, for a total transaction of $585,000.00. Following the completion of the transaction, the executive vice president owned 214,955 shares in the company, valued at approximately $25,149,735. This represents a 2.27% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Brett Hart sold 39,000 shares of the company’s stock in a transaction on Friday, October 30th. The stock was sold at an average price of $102.68, for a total transaction of $4,004,520.00. Following the transaction, the president owned 325,122 shares of the company’s stock, valued at approximately $33,383,526.96. The trade was a 10.71% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.86% of the company’s stock.

United Airlines Trading Down 4.6%

Shares of UAL stock opened at $110.49 on Friday. The business’s 50 day moving average is $107.32 and its two-hundred day moving average is $108.21. United Airlines Holdings Inc has a twelve month low of $84.64 and a twelve month high of $138.77. The company has a market capitalization of $35.90 billion, a P/E ratio of 10.11, a price-to-earnings-growth ratio of 1.48 and a beta of 1.38. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.38.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, October 20th. The transportation company reported $2.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.57 by ($0.03). United Airlines had a net margin of 5.46% and a return on equity of 17.59%. The company had revenue of $17.88 billion during the quarter, compared to analyst estimates of $17.89 billion. During the same period in the previous year, the firm posted $2.78 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. Equities analysts forecast that United Airlines Holdings Inc will post 7.10 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently weighed in on UAL shares. Barclays decreased their price target on shares of United Airlines from $175.00 to $160.00 and set an “overweight” rating for the company in a research note on Friday, September 11th. Wells Fargo & Company dropped their price objective on shares of United Airlines from $160.00 to $155.00 and set an “overweight” rating on the stock in a research note on Thursday, October 22nd. Zacks Research cut shares of United Airlines from a “hold” rating to a “strong sell” rating in a report on Monday, September 28th. BMO Capital Markets reduced their target price on shares of United Airlines from $140.00 to $135.00 and set an “outperform” rating for the company in a report on Thursday, October 22nd. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $142.00 target price on shares of United Airlines in a research note on Wednesday, October 21st. Sixteen research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $156.19.

About United Airlines

United Airlines Holdings, Inc is the parent company of United Airlines, a major U.S. commercial airline headquartered in Chicago, Illinois. The company provides scheduled passenger air transportation and air cargo services, connecting customers across the United States and to international destinations.

United operates a broad network serving North America, Latin America, Europe, Asia, Africa and Oceania. Its operations are supported by hubs in major U.S. cities, including Chicago, Denver, Houston, Los Angeles, Newark, San Francisco and Washington, DC, as well as an extensive network of regional carriers operating under the United Express brand.

The company offers several travel classes and related services, including premium-cabin seating, onboard amenities, airport lounges and the MileagePlus customer loyalty program.