Perigon Wealth Management LLC Takes Position in United Airlines Holdings Inc $UAL

Perigon Wealth Management LLC bought a new stake in shares of United Airlines Holdings Inc (NASDAQ:UAL) during the 2nd quarter, HoldingsChannel.com reports. The fund bought 5,165 shares of the transportation company’s stock, valued at approximately $702,000.

Other large investors also recently added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID bought a new position in shares of United Airlines during the fourth quarter valued at about $25,000. Western Wealth Management LLC purchased a new stake in shares of United Airlines during the first quarter valued at approximately $27,000. Elevation Wealth Partners LLC boosted its stake in shares of United Airlines by 393.0% during the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 169 shares during the period. Trust Co. of Vermont bought a new position in shares of United Airlines in the second quarter worth approximately $29,000. Finally, JPL Wealth Management LLC bought a new position in shares of United Airlines in the third quarter worth approximately $29,000. Hedge funds and other institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 2.5%

NASDAQ:UAL opened at $115.78 on Thursday. The stock has a market capitalization of $37.58 billion, a price-to-earnings ratio of 10.83, a PEG ratio of 0.91 and a beta of 1.28. United Airlines Holdings Inc has a 52 week low of $84.64 and a 52 week high of $138.77. The company has a quick ratio of 0.72, a current ratio of 0.78 and a debt-to-equity ratio of 1.45. The firm has a 50 day moving average of $124.06 and a 200 day moving average of $108.45.

United Airlines (NASDAQ:UAL) last released its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.88 by $0.11. The business had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The business’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $3.87 earnings per share. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. As a group, sell-side analysts anticipate that United Airlines Holdings Inc will post 10.38 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Torbjorn J. Enqvist sold 20,000 shares of the business’s stock in a transaction on Friday, July 24th. The stock was sold at an average price of $119.91, for a total transaction of $2,398,200.00. Following the transaction, the executive vice president directly owned 114,800 shares in the company, valued at $13,765,668. The trade was a 14.84% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Andrew P. Nocella sold 4,200 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $120.48, for a total value of $506,016.00. Following the transaction, the executive vice president directly owned 222,955 shares in the company, valued at $26,861,618.40. This represents a 1.85% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 306,010 shares of company stock worth $35,949,843 over the last quarter. Company insiders own 0.86% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Sanford C. Bernstein upped their price target on United Airlines from $136.00 to $153.00 and gave the company an “outperform” rating in a research report on Wednesday, July 1st. Zacks Research upgraded United Airlines from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Susquehanna dropped their price target on United Airlines from $172.00 to $165.00 and set a “positive” rating for the company in a research note on Friday, July 17th. Wall Street Zen lowered United Airlines from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $156.00 to $203.00 and gave the company an “overweight” rating in a report on Friday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $156.79.

United Airlines Profile

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.