Carolina Wealth Advisors LLC Has $1.10 Million Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Carolina Wealth Advisors LLC increased its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,358 shares of the transportation company’s stock after buying an additional 199 shares during the quarter. United Airlines comprises about 0.6% of Carolina Wealth Advisors LLC’s portfolio, making the stock its 23rd biggest position. Carolina Wealth Advisors LLC’s holdings in United Airlines were worth $1,103,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moody National Bank Trust Division grew its holdings in shares of United Airlines by 2.1% during the fourth quarter. Moody National Bank Trust Division now owns 4,840 shares of the transportation company’s stock valued at $470,000 after buying an additional 98 shares during the last quarter. Huntington National Bank boosted its stake in United Airlines by 10.8% during the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after purchasing an additional 129 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in United Airlines by 13.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock worth $94,000 after purchasing an additional 189 shares in the last quarter. Commerce Bank raised its stake in shares of United Airlines by 1.1% in the third quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the last quarter. Finally, Cromwell Holdings LLC lifted its holdings in shares of United Airlines by 31.4% in the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Insider Activity

In related news, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the sale, the executive vice president now owns 63,599 shares in the company, valued at $6,049,536.88. This represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on UAL shares. Jefferies Financial Group increased their price target on United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research report on Monday, October 21st. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. UBS Group upped their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a “buy” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Finally, Susquehanna upped their target price on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a report on Tuesday, January 7th. One analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $106.45.

United Airlines Price Performance

Shares of NASDAQ:UAL opened at $104.99 on Thursday. The firm has a market capitalization of $34.53 billion, a PE ratio of 12.66, a P/E/G ratio of 0.98 and a beta of 1.44. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 1.95. The company has a 50-day moving average price of $96.57 and a two-hundred day moving average price of $68.16. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $110.92.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.23. The business had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. During the same period in the previous year, the business earned $3.65 EPS. Equities analysts forecast that United Airlines Holdings, Inc. will post 10.32 EPS for the current year.

United Airlines declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the transportation company to purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

United Airlines Company 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.