Perpetual Ltd Takes Position in United Airlines Holdings Inc $UAL

Perpetual Ltd acquired a new stake in United Airlines Holdings Inc (NASDAQ:UAL) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,994 shares of the transportation company’s stock, valued at approximately $318,000.

Several other institutional investors have also modified their holdings of UAL. Capital A Wealth Management LLC acquired a new stake in shares of United Airlines in the fourth quarter valued at $31,000. Hemington Wealth Management lifted its holdings in shares of United Airlines by 50.6% during the first quarter. Hemington Wealth Management now owns 476 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 160 shares during the last quarter. WPG Advisers LLC purchased a new stake in shares of United Airlines during the first quarter valued at $32,000. Eastern Bank purchased a new stake in shares of United Airlines during the first quarter valued at $35,000. Finally, Banque Transatlantique SA purchased a new stake in shares of United Airlines during the first quarter valued at $35,000. Institutional investors and hedge funds own 69.69% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Kate Gebo sold 29,953 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $97.59, for a total value of $2,923,113.27. Following the transaction, the executive vice president directly owned 45,496 shares in the company, valued at $4,439,954.64. This trade represents a 39.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, President Brett J. Hart sold 24,772 shares of the firm’s stock in a transaction on Friday, July 25th. The stock was sold at an average price of $89.50, for a total value of $2,217,094.00. Following the completion of the transaction, the president owned 283,638 shares in the company, valued at $25,385,601. This represents a 8.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock worth $9,992,318 over the last three months. Insiders own 0.63% of the company’s stock.

United Airlines Trading Up 0.9%

UAL stock opened at $106.31 on Monday. The business has a fifty day moving average price of $97.86 and a 200 day moving average price of $82.67. United Airlines Holdings Inc has a fifty-two week low of $51.44 and a fifty-two week high of $116.00. The stock has a market capitalization of $34.42 billion, a price-to-earnings ratio of 10.65, a P/E/G ratio of 1.38 and a beta of 1.47. The company has a debt-to-equity ratio of 1.56, a current ratio of 0.70 and a quick ratio of 0.65.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Bank of America upped their price target on United Airlines from $90.00 to $108.00 and gave the company a “buy” rating in a research report on Friday, July 18th. UBS Group raised their price target on United Airlines from $103.00 to $114.00 and gave the stock a “buy” rating in a research note on Tuesday, July 15th. TD Cowen raised their price target on United Airlines from $101.00 to $127.00 and gave the stock a “buy” rating in a research note on Monday, July 21st. Barclays reaffirmed an “overweight” rating and set a $100.00 price target (up from $94.00) on shares of United Airlines in a research note on Tuesday, July 15th. Finally, Wall Street Zen downgraded United Airlines from a “buy” rating to a “hold” rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $112.57.

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.