Truist Financial Corp Sells 11,465 Shares of United Airlines Holdings Inc $UAL

Truist Financial Corp lessened its holdings in shares of United Airlines Holdings Inc (NASDAQ:UAL) by 31.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,061 shares of the transportation company’s stock after selling 11,465 shares during the period. Truist Financial Corp’s holdings in United Airlines were worth $1,996,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. One Wealth Advisors LLC lifted its holdings in shares of United Airlines by 17.9% during the 2nd quarter. One Wealth Advisors LLC now owns 4,720 shares of the transportation company’s stock valued at $376,000 after purchasing an additional 715 shares in the last quarter. Greenleaf Trust lifted its holdings in shares of United Airlines by 5.3% during the 2nd quarter. Greenleaf Trust now owns 5,558 shares of the transportation company’s stock valued at $443,000 after purchasing an additional 279 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of United Airlines by 5.1% during the 2nd quarter. HB Wealth Management LLC now owns 6,241 shares of the transportation company’s stock valued at $497,000 after purchasing an additional 304 shares in the last quarter. Avondale Wealth Management lifted its holdings in shares of United Airlines by 6.0% during the 2nd quarter. Avondale Wealth Management now owns 17,700 shares of the transportation company’s stock valued at $1,409,000 after purchasing an additional 1,000 shares in the last quarter. Finally, GC Wealth Management RIA LLC bought a new position in shares of United Airlines during the 2nd quarter valued at about $303,000. Institutional investors own 69.69% of the company’s stock.

United Airlines Trading Down 4.6%

Shares of United Airlines stock opened at $96.67 on Friday. United Airlines Holdings Inc has a 12-month low of $52.00 and a 12-month high of $116.00. The stock has a market cap of $31.29 billion, a P/E ratio of 9.69, a P/E/G ratio of 1.28 and a beta of 1.45. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 1.56. The business’s 50 day moving average is $100.40 and its 200-day moving average is $84.94.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Wednesday, July 16th. The transportation company reported $3.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.81 by $0.06. United Airlines had a return on equity of 30.09% and a net margin of 5.71%.The company had revenue of $15.24 billion for the quarter, compared to analysts’ expectations of $15.31 billion. During the same quarter in the prior year, the business posted $4.14 EPS. The business’s revenue was up 1.4% compared to the same quarter last year. United Airlines has set its FY 2025 guidance at 9.000-11.000 EPS. Equities research analysts predict that United Airlines Holdings Inc will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling at United Airlines

In related news, President Brett J. Hart sold 24,772 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The stock was sold at an average price of $89.50, for a total transaction of $2,217,094.00. Following the transaction, the president directly owned 283,638 shares of the company’s stock, valued at approximately $25,385,601. The trade was a 8.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Barney Harford sold 15,823 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $90.03, for a total value of $1,424,544.69. Following the transaction, the director directly owned 89,000 shares in the company, valued at $8,012,670. The trade was a 15.09% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 106,791 shares of company stock worth $9,992,318 in the last three months. 0.71% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lifted their price objective on United Airlines from $122.00 to $149.00 and gave the company an “overweight” rating in a report on Friday, September 12th. Susquehanna upped their price target on United Airlines from $109.00 to $115.00 and gave the stock a “positive” rating in a research report on Friday, October 3rd. Cowen reaffirmed a “buy” rating on shares of United Airlines in a research report on Tuesday, July 15th. Barclays upped their price target on United Airlines from $100.00 to $115.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Finally, UBS Group upped their price target on United Airlines from $114.00 to $131.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $120.64.

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.