Toronto Dominion Bank Sells 16,589 Shares of United Airlines Holdings, Inc. (NASDAQ:UAL)

Toronto Dominion Bank lessened its holdings in United Airlines Holdings, Inc. (NASDAQ:UAL - Free Report) by 11.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 124,515 shares of the transportation company's stock after selling 16,589 shares during the quarter. Toronto Dominion Bank's holdings in United Airlines were worth $7,105,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UAL. State Street Corp raised its position 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 in the last quarter. Charles Schwab Investment Management Inc. increased its stake 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 shares of 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 purchasing an additional 11,743 shares during the period. Aigen Investment Management LP lifted its stake in United Airlines by 87.2% in the 3rd quarter. Aigen Investment Management LP now owns 18,912 shares of the transportation company's stock valued at $1,079,000 after purchasing an additional 8,808 shares during the last quarter. Finally, Edgestream Partners L.P. grew its holdings in United Airlines by 293.6% during the third quarter. Edgestream Partners L.P. now owns 50,122 shares of the transportation company's stock worth $2,860,000 after purchasing an additional 37,389 shares during the period. Institutional investors own 69.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on UAL shares. Bank of America raised their price objective on 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 reaffirmed a "buy" rating and set a $119.00 price target on shares of United Airlines in a report on Friday, November 15th. Citigroup lifted their price objective on shares of United Airlines from $98.00 to $122.00 and gave the stock a "buy" rating in a research report on Tuesday, November 26th. Dbs Bank raised shares of United Airlines from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Finally, Melius Research raised shares of United Airlines to a "strong-buy" rating in a report on Monday, December 2nd. One research analyst has rated the stock with a hold rating, fifteen have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of $98.95.

United Airlines Price Performance

NASDAQ UAL traded down $0.86 during midday trading on Friday, hitting $95.11. The company had a trading volume of 4,163,865 shares, compared to its average volume of 4,659,203. The firm has a 50-day moving average price of $84.18 and a 200-day moving average price of $60.62. The company has a market capitalization of $31.28 billion, a PE ratio of 11.47, a P/E/G 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 twelve month low of $37.02 and a twelve month high of $105.09.

United Airlines (NASDAQ:UAL - Get Free Report) last issued its quarterly earnings results on Tuesday, October 15th. The transportation company reported $3.33 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The company had revenue of $14.84 billion for the quarter, compared to analysts' expectations of $14.76 billion. During the same quarter last year, the business earned $3.65 earnings per share. As a group, analysts anticipate that United Airlines Holdings, Inc. will post 10.27 earnings per share for the current fiscal year.

United Airlines declared that its board has initiated a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in shares. This buyback authorization authorizes the transportation company to repurchase up to 7.1% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board of directors believes its shares are undervalued.

Insider Activity

In related news, EVP Kate Gebo sold 17,500 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 40,012 shares of the company's stock, valued at $3,218,565.28. This trade represents a 30.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, 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 transaction, the executive vice president now directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 92,000 shares of company stock worth $8,158,900. 0.63% of the stock is currently owned by corporate insiders.

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.