Greenleaf Trust Decreases Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Greenleaf Trust lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,295 shares of the transportation company’s stock after selling 375 shares during the quarter. Greenleaf Trust’s holdings in United Airlines were worth $514,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Five Oceans Advisors purchased a new position in United Airlines in the 4th quarter worth $203,000. SYM FINANCIAL Corp bought a new position in United Airlines during the 4th quarter worth approximately $249,000. Deroy & Devereaux Private Investment Counsel Inc. bought a new position in United Airlines during the 4th quarter worth approximately $218,000. Symphony Financial Ltd. Co. bought a new position in United Airlines during the 4th quarter worth approximately $202,000. Finally, Chicago Partners Investment Group LLC grew its position in United Airlines by 7.1% during the 4th quarter. Chicago Partners Investment Group LLC now owns 3,650 shares of the transportation company’s stock worth $379,000 after acquiring an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UAL. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 price target on shares of United Airlines in a research report on Friday, November 15th. Dbs Bank raised shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Barclays increased their price target on shares of United Airlines from $75.00 to $150.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Sanford C. Bernstein upped their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $110.83.

United Airlines Stock Up 3.7 %

UAL stock opened at $108.67 on Wednesday. The business has a 50 day moving average of $100.90 and a 200 day moving average of $74.05. The firm has a market cap of $35.74 billion, a PE ratio of 11.52, a price-to-earnings-growth ratio of 0.69 and a beta of 1.43. United Airlines Holdings, Inc. has a twelve month low of $37.02 and a twelve month high of $116.00. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99.

United Airlines (NASDAQ:UAL) last posted its quarterly earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm earned $2.00 EPS. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. On average, research analysts forecast that United Airlines Holdings, Inc. will post 13.09 EPS for the current fiscal year.

United Airlines declared that its board has authorized a stock buyback program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to buy up to 7.1% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Insider Transactions at United Airlines

In related news, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total value of $5,707,200.00. Following the completion of the transaction, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. The trade was a 48.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.63% of the company’s stock.

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.