Crossmark Global Holdings Inc. Trims Stake in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crossmark Global Holdings Inc. cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL) by 4.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,009 shares of the transportation company’s stock after selling 566 shares during the period. Crossmark Global Holdings Inc.’s holdings in United Airlines were worth $1,264,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of UAL. Ballentine Partners LLC bought a new stake in shares of United Airlines during the 4th quarter valued at $200,000. Koshinski Asset Management Inc. bought a new stake in United Airlines during the fourth quarter worth about $259,000. MassMutual Private Wealth & Trust FSB boosted its stake in United Airlines by 25.0% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 710 shares of the transportation company’s stock worth $69,000 after acquiring an additional 142 shares in the last quarter. UMB Bank n.a. grew its holdings in United Airlines by 40.4% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the transportation company’s stock worth $87,000 after purchasing an additional 258 shares during the period. Finally, Diversify Advisory Services LLC lifted its holdings in shares of United Airlines by 2.2% during the fourth quarter. Diversify Advisory Services LLC now owns 4,739 shares of the transportation company’s stock valued at $508,000 after purchasing an additional 101 shares during the last quarter. 69.69% of the stock is owned by institutional investors.

United Airlines Trading Up 1.9 %

Shares of NASDAQ:UAL opened at $105.00 on Friday. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $116.00. The stock has a market capitalization of $34.53 billion, a price-to-earnings ratio of 11.13, a PEG ratio of 0.77 and a beta of 1.44. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.72 and a current ratio of 0.81. The stock’s 50-day simple moving average is $99.11 and its two-hundred day simple moving average is $70.73.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a net margin of 5.52% and a return on equity of 32.26%. The company had revenue of $14.70 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business posted $2.00 earnings per share. The firm’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts expect that United Airlines Holdings, Inc. will post 12.7 EPS for the current year.

United Airlines declared that its board has authorized a share repurchase program on Tuesday, October 15th that allows the company to repurchase $1.50 billion in shares. This repurchase authorization allows the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the firm’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 transaction of $5,707,200.00. Following the sale, the executive vice president now owns 63,599 shares in the company, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of the company’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 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 disclosure for this sale can be found here. 0.63% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America upped their price target on United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Sanford C. Bernstein raised their price target on United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Dbs Bank raised United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Melius Research raised shares of United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Finally, TD Cowen lifted their target price on shares of United Airlines from $142.00 to $165.00 and gave the stock a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, United Airlines presently has a consensus rating of “Buy” and an average price target of $110.20.

United Airlines 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.