TD Private Client Wealth LLC Trims Stake in United Airlines Holdings Inc $UAL

TD Private Client Wealth LLC lessened its stake in United Airlines Holdings Inc (NASDAQ:UAL) by 9.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,699 shares of the transportation company’s stock after selling 578 shares during the period. TD Private Client Wealth LLC’s holdings in United Airlines were worth $454,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in UAL. Public Employees Retirement System of Ohio lifted its stake in shares of United Airlines by 41.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 184,822 shares of the transportation company’s stock valued at $14,717,000 after purchasing an additional 54,383 shares during the period. Ballentine Partners LLC acquired a new stake in United Airlines in the 2nd quarter valued at $210,000. tru Independence LLC increased its holdings in United Airlines by 2.4% in the 2nd quarter. tru Independence LLC now owns 59,100 shares of the transportation company’s stock worth $4,706,000 after acquiring an additional 1,370 shares in the last quarter. Fifth Third Bancorp raised its position in United Airlines by 10.1% during the second quarter. Fifth Third Bancorp now owns 13,259 shares of the transportation company’s stock worth $1,056,000 after acquiring an additional 1,212 shares during the period. Finally, Foster Group Inc. lifted its holdings in United Airlines by 2.8% during the second quarter. Foster Group Inc. now owns 5,392 shares of the transportation company’s stock valued at $429,000 after purchasing an additional 148 shares in the last quarter. 69.69% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of $92.22, for a total value of $1,844,400.00. Following the transaction, the executive vice president directly owned 62,358 shares in the company, valued at approximately $5,750,654.76. This represents a 24.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Barney Harford sold 9,000 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.76, for a total value of $879,840.00. Following the sale, the director directly owned 80,000 shares of the company’s stock, valued at approximately $7,820,800. This trade represents a 10.11% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 106,791 shares of company stock worth $9,992,318. 0.71% of the stock is owned by company insiders.

United Airlines Stock Down 1.3%

NASDAQ UAL opened at $97.91 on Friday. The business’s fifty day simple moving average is $99.05 and its 200-day simple moving average is $83.46. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The firm has a market cap of $31.70 billion, a PE ratio of 9.81, a P/E/G ratio of 1.27 and a beta of 1.47. United Airlines Holdings Inc has a 52 week low of $52.00 and a 52 week high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.81 by $0.06. United Airlines had a net margin of 5.71% and a return on equity of 30.09%. The firm had revenue of $15.24 billion during the quarter, compared to analysts’ expectations of $15.31 billion. During the same period last year, the business earned $4.14 earnings per share. United Airlines’s revenue was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. As a group, equities analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current year.

Wall Street Analyst Weigh In

UAL has been the subject of a number of research reports. Barclays reissued 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. Evercore ISI reiterated an “outperform” rating and set a $105.00 price objective on shares of United Airlines in a research note on Thursday, July 17th. Bank of America raised their target price on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Cowen reiterated a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Finally, UBS Group raised their price objective on United Airlines from $114.00 to $131.00 and gave the company a “buy” rating in a report on Friday. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and an average target price of $113.79.

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, flight academy, and maintenance services for third parties.