Crossmark Global Holdings Inc. Decreases Stock Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Crossmark Global Holdings Inc. lowered its position in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,575 shares of the transportation company’s stock after selling 868 shares during the period. Crossmark Global Holdings Inc.’s holdings in United Airlines were worth $775,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Global Trust Asset Management LLC purchased a new stake in shares of United Airlines during the third quarter worth about $29,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of United Airlines in the 2nd quarter worth approximately $30,000. Armstrong Advisory Group Inc. purchased a new position in shares of United Airlines during the third quarter valued at approximately $36,000. Crewe Advisors LLC bought a new position in shares of United Airlines during the first quarter valued at approximately $32,000. Finally, UMB Bank n.a. lifted its stake in United Airlines by 59.7% in the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock worth $33,000 after acquiring an additional 255 shares during the period. Institutional investors own 69.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on UAL. Bank of America boosted 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. Susquehanna increased their price target on shares of United Airlines from $70.00 to $85.00 and gave the stock a “positive” rating in a research note on Thursday, October 17th. Morgan Stanley lifted their price objective on United Airlines from $80.00 to $88.00 and gave the company an “overweight” rating in a research report on Thursday, October 17th. The Goldman Sachs Group reissued a “buy” rating and issued a $119.00 target price on shares of United Airlines in a research report on Friday. Finally, TD Cowen lifted their price target on United Airlines from $80.00 to $100.00 and gave the company a “buy” rating in a research report on Thursday, October 17th. Two analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.61.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of the business’s stock in a transaction dated 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 owns 30,427 shares of the company’s stock, valued at approximately $2,190,744. The trade was a 32.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kate Gebo sold 17,500 shares of the firm’s 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 approximately $3,218,565.28. The trade was a 30.43 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.63% of the company’s stock.

United Airlines Stock Up 0.0 %

Shares of United Airlines stock opened at $91.17 on Friday. The company has a 50-day simple moving average of $66.04 and a two-hundred day simple moving average of $54.19. United Airlines Holdings, Inc. has a 52-week low of $37.02 and a 52-week high of $93.33. 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 has a market capitalization of $29.98 billion, a PE ratio of 11.11, a price-to-earnings-growth ratio of 1.06 and a beta of 1.39.

United Airlines (NASDAQ:UAL) last announced its quarterly earnings data on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping 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 company 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 earned $3.65 EPS. On average, analysts anticipate that United Airlines Holdings, Inc. will post 10.23 EPS for the current fiscal year.

United Airlines declared that its board has initiated 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 purchase up to 7.1% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors 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.