Hartford Investment Management Co. Has $1.19 Million Stock Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Hartford Investment Management Co. lessened its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 1.2% during the third quarter, Holdings Channel.com reports. The firm owned 20,781 shares of the transportation company’s stock after selling 243 shares during the quarter. Hartford Investment Management Co.’s holdings in United Airlines were worth $1,186,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of UAL. B. Riley Wealth Advisors Inc. boosted its holdings in United Airlines by 8.6% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 5,671 shares of the transportation company’s stock valued at $234,000 after acquiring an additional 447 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in United Airlines by 1.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,416 shares of the transportation company’s stock worth $930,000 after buying an additional 287 shares during the last quarter. Richardson Capital Management LLC acquired a new position in United Airlines in the first quarter valued at $37,000. SteelPeak Wealth LLC bought a new stake in United Airlines during the first quarter valued at $219,000. Finally, tru Independence LLC grew its holdings in United Airlines by 0.3% during the 1st quarter. tru Independence LLC now owns 118,230 shares of the transportation company’s stock worth $5,661,000 after acquiring an additional 353 shares during the period. Institutional investors own 69.69% of the company’s stock.

Insider Buying and Selling at United Airlines

In other news, EVP Torbjorn J. Enqvist sold 14,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.63% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on UAL shares. Susquehanna upped their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research report on Thursday, October 17th. Sanford C. Bernstein increased their price target on United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a report on Thursday, October 17th. Morgan Stanley lifted their price objective on shares of United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research note on Thursday, October 17th. Jefferies Financial Group increased their target price on shares of United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. Finally, TD Cowen lifted their price target on shares of United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Two research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $78.94.

United Airlines Trading Up 0.2 %

Shares of United Airlines stock opened at $74.64 on Friday. The company has a market capitalization of $24.54 billion, a P/E ratio of 9.23, a price-to-earnings-growth ratio of 0.89 and a beta of 1.44. The stock has a fifty day simple moving average of $54.02 and a 200 day simple moving average of $50.52. United Airlines Holdings, Inc. has a 12-month low of $33.68 and a 12-month high of $76.08. The company has a current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95.

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 firm had revenue of $14.84 billion during the quarter, compared to analyst estimates of $14.76 billion. During the same quarter in the prior year, the business posted $3.65 EPS. On average, sell-side analysts anticipate that United Airlines Holdings, Inc. will post 10.18 earnings per share for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a share repurchase plan 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 plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.