Sanders Capital LLC Has $539.65 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Sanders Capital LLC boosted its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 12.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,457,587 shares of the transportation company’s stock after purchasing an additional 1,040,589 shares during the period. United Airlines accounts for approximately 0.8% of Sanders Capital LLC’s holdings, making the stock its 29th largest holding. Sanders Capital LLC’s holdings in United Airlines were worth $539,650,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in United Airlines by 29.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,601,425 shares of the transportation company’s stock worth $272,559,000 after purchasing an additional 1,263,604 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Airlines by 41.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,112,583 shares of the transportation company’s stock valued at $177,604,000 after purchasing an additional 908,558 shares during the period. Point72 Asset Management L.P. increased its holdings in United Airlines by 489.2% in the second quarter. Point72 Asset Management L.P. now owns 2,295,246 shares of the transportation company’s stock valued at $111,687,000 after purchasing an additional 1,905,664 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of United Airlines by 177.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,324,398 shares of the transportation company’s stock worth $75,570,000 after buying an additional 847,348 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its stake in United Airlines by 5.9% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,161,931 shares of the transportation company’s stock valued at $55,634,000 after purchasing an additional 64,542 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on UAL. TD Cowen increased their target price on United Airlines from $100.00 to $125.00 and gave the stock a “buy” rating in a research note on Tuesday, November 19th. Susquehanna boosted their target price on United Airlines from $70.00 to $85.00 and gave the company a “positive” rating in a research note on Thursday, October 17th. Sanford C. Bernstein raised their target price on shares of United Airlines from $68.00 to $85.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Bank of America increased their price objective on shares of United Airlines from $70.00 to $84.00 and gave the stock a “buy” rating in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. One analyst has rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, United Airlines currently has an average rating of “Moderate Buy” and an average target price of $94.41.

United Airlines Stock Up 0.7 %

NASDAQ UAL opened at $97.49 on Tuesday. United Airlines Holdings, Inc. has a fifty-two week low of $37.02 and a fifty-two week high of $98.00. The business has a fifty day moving average price of $72.33 and a two-hundred day moving average price of $56.26. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The stock has a market capitalization of $32.06 billion, a PE ratio of 11.68, a PEG ratio of 1.13 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last released 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. The firm had revenue of $14.84 billion for the quarter, compared to analysts’ expectations of $14.76 billion. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. During the same quarter in the previous year, the business posted $3.65 earnings per share. Equities analysts expect that United Airlines Holdings, Inc. will post 10.23 earnings per share for the current fiscal year.

United Airlines declared that its board has authorized a share buyback plan on Tuesday, October 15th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the transportation company to reacquire up to 7.1% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at United Airlines

In related news, EVP Torbjorn J. Enqvist sold 14,500 shares of the stock in a transaction on 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 transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. This represents a 32.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kate Gebo sold 17,500 shares of United Airlines stock in a transaction on 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 completion of the sale, 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. Company insiders own 0.63% of the company’s stock.

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.