Raymond James Trust N.A. Reduces Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Raymond James Trust N.A. cut its position in United Airlines Holdings, Inc. (NASDAQ:UAL) by 8.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,277 shares of the transportation company’s stock after selling 3,171 shares during the quarter. Raymond James Trust N.A.’s holdings in United Airlines were worth $1,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UAL. Huntington National Bank boosted its position in United Airlines by 10.8% in the 3rd quarter. Huntington National Bank now owns 1,321 shares of the transportation company’s stock valued at $75,000 after buying an additional 129 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in United Airlines by 13.0% in the third quarter. Farther Finance Advisors LLC now owns 1,647 shares of the transportation company’s stock valued at $94,000 after purchasing an additional 189 shares during the last quarter. Wahed Invest LLC grew its stake in United Airlines by 13.7% during the 1st quarter. Wahed Invest LLC now owns 1,591 shares of the transportation company’s stock valued at $76,000 after purchasing an additional 192 shares in the last quarter. Commerce Bank increased its holdings in United Airlines by 1.1% during the 3rd quarter. Commerce Bank now owns 17,620 shares of the transportation company’s stock worth $1,005,000 after purchasing an additional 196 shares during the last quarter. Finally, Cromwell Holdings LLC boosted its stake in shares of United Airlines by 31.4% during the 3rd quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after buying an additional 222 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

United Airlines Stock Performance

UAL stock opened at $95.24 on Friday. United Airlines Holdings, Inc. has a 1 year low of $37.02 and a 1 year high of $95.99. The stock has a market capitalization of $31.32 billion, a price-to-earnings ratio of 11.49, a PEG ratio of 1.12 and a beta of 1.39. 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 stock’s fifty day moving average is $71.42 and its two-hundred day moving average is $55.93.

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, beating analysts’ consensus estimates 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 period in the previous year, the business posted $3.65 EPS. On average, research analysts predict that United Airlines Holdings, Inc. will post 10.23 EPS for the current year.

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Susquehanna upped their price target on shares of United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a report on Thursday, October 17th. Bank of America upped their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. Jefferies Financial Group lifted their price target on United Airlines from $75.00 to $95.00 and gave the stock a “buy” rating in a research note on Monday, October 21st. TD Cowen upped their price objective on United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research note on Tuesday, November 19th. Finally, Barclays lifted their target price on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, United Airlines presently has an average rating of “Moderate Buy” and a consensus price target of $88.28.

Insider Transactions at United Airlines

In related news, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $80.44, for a total transaction of $1,407,700.00. Following the sale, the executive vice president now directly owns 40,012 shares in the company, valued at $3,218,565.28. The trade was a 30.43 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $72.00, for a total transaction of $1,044,000.00. Following the completion of the transaction, the executive vice president now owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

About United Airlines

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.