Bank of New York Mellon Corp Decreases Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Bank of New York Mellon Corp cut its stake in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,504,166 shares of the transportation company's stock after selling 37,776 shares during the period. Bank of New York Mellon Corp owned about 0.46% of United Airlines worth $146,054,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. State Street Corp boosted its stake in shares of 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 buying an additional 78,470 shares during the period. Charles Schwab Investment Management Inc. grew 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 last quarter. MidWestOne Financial Group Inc. increased its holdings in shares of United Airlines by 28.0% in the third quarter. MidWestOne Financial Group Inc. now owns 53,704 shares of the transportation company's stock valued at $3,064,000 after purchasing an additional 11,743 shares during the period. KBC Group NV purchased a new stake in shares of United Airlines during the fourth quarter worth approximately $485,000. Finally, Aigen Investment Management LP lifted its holdings in shares of United Airlines by 87.2% during the third quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock worth $1,079,000 after purchasing an additional 8,808 shares during the period. Institutional investors and hedge funds own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on UAL shares. UBS Group upped their price objective on shares of United Airlines from $139.00 to $140.00 and gave the stock a "buy" rating in a research report on Tuesday, January 7th. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $119.00 price objective on shares of United Airlines in a report on Friday, November 15th. Citigroup increased their price objective on United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an "overweight" rating in a research note on Thursday, January 9th. Finally, Susquehanna reissued a "hold" rating on shares of United Airlines in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus price target of $113.88.

United Airlines Price Performance

UAL stock traded down $3.84 during trading on Tuesday, hitting $87.83. The stock had a trading volume of 9,988,433 shares, compared to its average volume of 7,493,201. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00. The stock has a market cap of $28.89 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.67 and a beta of 1.43. The company's 50 day moving average price is $102.84 and its two-hundred day moving average price is $82.27. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.74 and a current ratio of 0.81.

United Airlines (NASDAQ:UAL - Get Free Report) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 EPS for the quarter, topping analysts' consensus estimates of $2.96 by $0.30. The business had revenue of $14.70 billion during the quarter, compared to the consensus estimate of $14.40 billion. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business's revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the firm posted $2.00 EPS. On average, sell-side analysts forecast that United Airlines Holdings, Inc. will post 12.96 EPS for the current fiscal year.

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.