Fulton Bank N.A. Makes New $450,000 Investment in United Airlines Holdings, Inc. (NASDAQ:UAL)

Fulton Bank N.A. purchased a new stake in United Airlines Holdings, Inc. (NASDAQ:UAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 4,632 shares of the transportation company’s stock, valued at approximately $450,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp increased its stake 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 worth $588,874,000 after acquiring an additional 78,470 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of United Airlines by 41.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock worth $177,604,000 after purchasing an additional 908,558 shares during the last quarter. MidWestOne Financial Group Inc. raised its holdings in United Airlines by 28.0% in the 3rd quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company’s stock valued at $3,064,000 after buying an additional 11,743 shares during the period. Aigen Investment Management LP lifted its position in United Airlines by 87.2% in the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company’s stock valued at $1,079,000 after buying an additional 8,808 shares during the last quarter. Finally, Edgestream Partners L.P. increased its position in shares of United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company’s stock valued at $2,860,000 after acquiring an additional 37,389 shares during the last quarter. 69.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at United Airlines

In other United Airlines news, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction on Friday, November 22nd. The stock was 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 represents a 48.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kate Gebo sold 17,500 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly 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. In the last three months, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

UAL has been the topic of a number of research reports. TD Cowen upped their price target on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Bank of America increased their price objective on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reissued a “buy” rating and set a $119.00 target price on shares of United Airlines in a research report on Friday, November 15th. Sanford C. Bernstein upped their price objective on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, October 17th. Finally, Dbs Bank upgraded shares of United Airlines from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. One investment analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, United Airlines currently has an average rating of “Buy” and a consensus price target of $106.45.

United Airlines Trading Up 2.5 %

Shares of United Airlines stock opened at $103.72 on Friday. The company has a 50-day moving average of $94.93 and a two-hundred day moving average of $66.68. The stock has a market cap 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 current ratio of 0.79, a quick ratio of 0.72 and a debt-to-equity ratio of 1.95. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $105.09.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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 return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same period in the previous year, the firm posted $3.65 earnings per share. On average, research analysts anticipate that United Airlines Holdings, Inc. will post 10.27 EPS for the current fiscal year.

United Airlines declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, October 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the transportation company to reacquire up to 7.1% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its stock is undervalued.

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.