Sumitomo Mitsui Trust Group Inc. Has $19.73 Million Stock Position in United Airlines Holdings Inc $UAL

Sumitomo Mitsui Trust Group Inc. raised its position in United Airlines Holdings Inc (NASDAQ:UAL) by 3.3% in the third quarter, HoldingsChannel reports. The fund owned 204,488 shares of the transportation company’s stock after purchasing an additional 6,598 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in United Airlines were worth $19,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Financial Consulate Inc. acquired a new stake in United Airlines in the 3rd quarter valued at $29,000. Strategic Investment Solutions Inc. IL lifted its stake in shares of United Airlines by 44.0% in the second quarter. Strategic Investment Solutions Inc. IL now owns 579 shares of the transportation company’s stock valued at $46,000 after buying an additional 177 shares in the last quarter. Hantz Financial Services Inc. grew its holdings in shares of United Airlines by 15,100.0% during the second quarter. Hantz Financial Services Inc. now owns 608 shares of the transportation company’s stock valued at $48,000 after buying an additional 604 shares during the last quarter. Evermay Wealth Management LLC grew its holdings in shares of United Airlines by 454.5% during the second quarter. Evermay Wealth Management LLC now owns 610 shares of the transportation company’s stock valued at $49,000 after buying an additional 500 shares during the last quarter. Finally, Hemington Wealth Management increased its position in shares of United Airlines by 36.9% during the third quarter. Hemington Wealth Management now owns 557 shares of the transportation company’s stock worth $53,000 after acquiring an additional 150 shares in the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In related news, CEO J Scott Kirby sold 120,000 shares of the stock in a transaction dated Wednesday, December 3rd. The shares were sold at an average price of $107.86, for a total transaction of $12,943,200.00. Following the completion of the transaction, the chief executive officer owned 666,535 shares in the company, valued at approximately $71,892,465.10. This represents a 15.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.71% of the company’s stock.

Wall Street Analyst Weigh In

UAL has been the subject of a number of analyst reports. The Goldman Sachs Group lifted their price target on United Airlines from $115.00 to $129.00 and gave the company a “buy” rating in a research note on Tuesday. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a report on Saturday, November 8th. TD Cowen lifted their target price on United Airlines from $125.00 to $138.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Bank of America upped their price target on United Airlines from $120.00 to $130.00 and gave the stock a “buy” rating in a report on Tuesday, January 6th. Finally, Barclays raised their price objective on United Airlines from $135.00 to $150.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $134.94.

United Airlines Stock Performance

Shares of UAL opened at $113.49 on Friday. The stock has a 50 day moving average of $106.74 and a 200 day moving average of $100.16. The company has a market capitalization of $36.74 billion, a price-to-earnings ratio of 11.37, a PEG ratio of 0.80 and a beta of 1.31. United Airlines Holdings Inc has a 12 month low of $52.00 and a 12 month high of $119.21. The company has a current ratio of 0.67, a quick ratio of 0.61 and a debt-to-equity ratio of 1.45.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, October 15th. The transportation company reported $2.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.13. United Airlines had a return on equity of 26.94% and a net margin of 5.64%.The firm had revenue of $15.23 billion during the quarter, compared to the consensus estimate of $15.31 billion. During the same quarter in the prior year, the company earned $3.33 EPS. The business’s revenue for the quarter was up 2.6% on a year-over-year basis. As a group, sell-side analysts forecast that United Airlines Holdings Inc will post 12.96 earnings per share for the current 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.