Sumitomo Mitsui Trust Group Inc. Has $13.55 Million Position in United Airlines Holdings Inc (NASDAQ:UAL)

Sumitomo Mitsui Trust Group Inc. boosted its holdings in United Airlines Holdings Inc (NASDAQ:UAL) by 421.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,270 shares of the transportation company’s stock after buying an additional 158,610 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in United Airlines were worth $13,552,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Capital A Wealth Management LLC acquired a new stake in United Airlines in the fourth quarter worth $31,000. Bell Investment Advisors Inc raised its holdings in United Airlines by 60.3% in the fourth quarter. Bell Investment Advisors Inc now owns 359 shares of the transportation company’s stock worth $35,000 after purchasing an additional 135 shares during the period. Murphy & Mullick Capital Management Corp acquired a new stake in United Airlines in the fourth quarter worth $36,000. Ameriflex Group Inc. acquired a new stake in United Airlines in the fourth quarter worth $58,000. Finally, CENTRAL TRUST Co raised its holdings in United Airlines by 57.2% in the first quarter. CENTRAL TRUST Co now owns 816 shares of the transportation company’s stock worth $56,000 after purchasing an additional 297 shares during the period. 69.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Cowen reiterated a “buy” rating on shares of United Airlines in a report on Tuesday, April 22nd. Bank of America cut their target price on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a report on Thursday, April 3rd. Raymond James Financial lowered shares of United Airlines from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 2nd. UBS Group upgraded shares of United Airlines from a “neutral” rating to a “buy” rating and increased their target price for the stock from $67.00 to $105.00 in a report on Monday, May 19th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of United Airlines in a report on Tuesday, May 13th. One research analyst has rated the stock with a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $104.64.

United Airlines Stock Up 1.5%

United Airlines stock opened at $82.21 on Friday. The company has a market cap of $26.85 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 1.38 and a beta of 1.42. United Airlines Holdings Inc has a 1-year low of $37.02 and a 1-year high of $116.00. The company has a fifty day simple moving average of $77.06 and a 200 day simple moving average of $84.89. The company has a current ratio of 0.78, a quick ratio of 0.72 and a debt-to-equity ratio of 1.93.

United Airlines (NASDAQ:UAL) last released its earnings results on Tuesday, April 15th. The transportation company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.75 by $0.16. The business had revenue of $13.21 billion during the quarter, compared to the consensus estimate of $13.47 billion. United Airlines had a net margin of 6.34% and a return on equity of 32.90%. Research analysts anticipate that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal 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, flight academy, and maintenance services for third parties.