Meiji Yasuda Life Insurance Co Sells 420 Shares of United Continental Holdings, Inc. (NYSE:UAL)

Meiji Yasuda Life Insurance Co trimmed its holdings in shares of United Continental Holdings, Inc. (NYSE:UAL) by 11.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,200 shares of the transportation company’s stock after selling 420 shares during the period. Meiji Yasuda Life Insurance Co’s holdings in United Continental Holdings were worth $241,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. BlackRock Inc. lifted its stake in United Continental Holdings by 4,642.3% during the 1st quarter. BlackRock Inc. now owns 22,075,033 shares of the transportation company’s stock valued at $1,559,382,000 after acquiring an additional 21,609,536 shares during the period. Vanguard Group Inc. lifted its stake in United Continental Holdings by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 21,776,181 shares of the transportation company’s stock valued at $1,538,270,000 after acquiring an additional 138,457 shares during the period. AQR Capital Management LLC lifted its stake in United Continental Holdings by 1.6% during the 1st quarter. AQR Capital Management LLC now owns 6,889,017 shares of the transportation company’s stock valued at $486,640,000 after acquiring an additional 110,314 shares during the period. Boston Partners lifted its stake in United Continental Holdings by 37.7% during the 2nd quarter. Boston Partners now owns 4,840,050 shares of the transportation company’s stock valued at $364,214,000 after acquiring an additional 1,324,894 shares during the period. Finally, Dimensional Fund Advisors LP lifted its stake in United Continental Holdings by 2.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,250,245 shares of the transportation company’s stock valued at $229,593,000 after acquiring an additional 73,832 shares during the period. Institutional investors and hedge funds own 97.70% of the company’s stock.

UAL has been the subject of several recent research reports. Imperial Capital reaffirmed an “in-line” rating and set a $75.00 target price on shares of United Continental Holdings in a report on Friday, May 19th. UBS AG lifted their target price on shares of United Continental Holdings from $103.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, July 12th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $86.00 target price on shares of United Continental Holdings in a report on Thursday, July 13th. Morgan Stanley reissued an “equal weight” rating and issued a $71.00 price target (down previously from $72.00) on shares of United Continental Holdings in a report on Friday, September 1st. Finally, Stephens reissued an “equal weight” rating and issued a $65.00 price target (down previously from $80.00) on shares of United Continental Holdings in a report on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $81.92.

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United Continental Holdings, Inc. (UAL) traded down 3.136% during mid-day trading on Friday, hitting $59.329. 1,991,683 shares of the company were exchanged. United Continental Holdings, Inc. has a 12 month low of $49.28 and a 12 month high of $83.04. The firm has a 50 day moving average price of $64.38 and a 200 day moving average price of $71.88. The stock has a market cap of $18.05 billion, a price-to-earnings ratio of 8.198 and a beta of 1.06. United Continental Holdings also saw unusually large options trading on Thursday. Traders purchased 1,399 call options on the stock. This represents an increase of 115% compared to the average volume of 650 call options.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings results on Tuesday, July 18th. The transportation company reported $2.75 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.31 by $0.44. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The business had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. During the same period in the previous year, the business earned $2.61 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts anticipate that United Continental Holdings, Inc. will post $6.71 EPS for the current fiscal year.

About United Continental Holdings

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

Institutional Ownership by Quarter for United Continental Holdings (NYSE:UAL)

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