Fulton Bank N.A. Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Fulton Bank N.A. bought a new position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 4,632 shares of the transportation company’s stock, valued at approximately $450,000.

A number of other institutional investors have also added to or reduced their stakes in UAL. State Street Corp lifted its position in United Airlines by 0.8% during the third quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock valued at $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Sanders Capital LLC lifted its holdings in shares of United Airlines by 12.4% during the 3rd quarter. Sanders Capital LLC now owns 9,457,587 shares of the transportation company’s stock valued at $539,650,000 after purchasing an additional 1,040,589 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of United Airlines by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 8,311,220 shares of the transportation company’s stock worth $477,526,000 after purchasing an additional 168,498 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after buying an additional 1,263,604 shares during the last quarter. Finally, Castle Hook Partners LP increased its position in United Airlines by 176.1% during the 3rd quarter. Castle Hook Partners LP now owns 4,245,120 shares of the transportation company’s stock valued at $242,227,000 after buying an additional 2,707,442 shares in the last quarter. Hedge funds and other institutional investors own 69.69% of the company’s stock.

Analyst Upgrades and Downgrades

UAL has been the topic of a number of research analyst reports. Barclays boosted their price target on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. UBS Group upped their price target on shares of United Airlines from $139.00 to $140.00 and gave the company a “buy” rating in a research note on Tuesday. Citigroup boosted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a report on Tuesday, November 26th. Melius Research upgraded United Airlines to a “strong-buy” rating in a research note on Monday, December 2nd. Finally, Susquehanna boosted their price target on United Airlines from $85.00 to $120.00 and gave the company a “positive” rating in a research note on Tuesday. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $106.45.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $103.72 on Friday. The company has a market capitalization of $34.11 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.12 and a beta of 1.44. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.72 and a current ratio of 0.79. The company’s fifty day moving average price is $94.93 and its 200 day moving average price is $66.68. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $105.09.

United Airlines (NASDAQ:UAL) last posted its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion for the quarter, compared to analyst estimates of $14.76 billion. During the same period in the prior year, the company posted $3.65 EPS. On average, research analysts predict that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current year.

United Airlines announced that its board has initiated a share buyback program on Tuesday, October 15th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, EVP Linda P. Jojo sold 60,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the completion of the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $80.44, for a total value of $1,407,700.00. Following the sale, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 92,000 shares of company stock worth $8,158,900 over the last three months. 0.63% of the stock is currently owned by corporate insiders.

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.