FSM Wealth Advisors LLC Takes $210,000 Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

FSM Wealth Advisors LLC acquired a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,982 shares of the transportation company’s stock, valued at approximately $210,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global Trust Asset Management LLC bought a new stake in United Airlines in the third quarter valued at about $29,000. Armstrong Advisory Group Inc. bought a new stake in shares of United Airlines in the 3rd quarter valued at about $36,000. Winch Advisory Services LLC acquired a new stake in shares of United Airlines in the 4th quarter valued at approximately $38,000. Blue Trust Inc. boosted its stake in United Airlines by 108.6% during the 3rd quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock worth $43,000 after acquiring an additional 392 shares during the last quarter. Finally, Cromwell Holdings LLC grew its holdings in United Airlines by 31.4% during the third quarter. Cromwell Holdings LLC now owns 930 shares of the transportation company’s stock valued at $53,000 after purchasing an additional 222 shares during the period. 69.69% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UAL. JPMorgan Chase & Co. lifted their price target on shares of United Airlines from $108.00 to $133.00 and gave the stock an “overweight” rating in a research report on Thursday, January 9th. Raymond James reissued an “outperform” rating and issued a $130.00 target price (up from $120.00) on shares of United Airlines in a research note on Thursday, January 23rd. Morgan Stanley raised their price target on United Airlines from $130.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday, January 23rd. Citigroup boosted their price objective on United Airlines from $98.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, November 26th. Finally, UBS Group increased 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. One analyst has rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $110.20.

United Airlines Price Performance

Shares of UAL opened at $104.83 on Tuesday. The company has a market cap of $34.48 billion, a price-to-earnings ratio of 11.12, a PEG ratio of 0.69 and a beta of 1.44. The company has a current ratio of 0.81, a quick ratio of 0.74 and a debt-to-equity ratio of 1.99. The company’s fifty day simple moving average is $100.74 and its 200 day simple moving average is $73.64. United Airlines Holdings, Inc. has a 1-year low of $37.02 and a 1-year high of $116.00.

United Airlines (NASDAQ:UAL) last released its quarterly earnings data on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The firm had revenue of $14.70 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the company earned $2.00 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts forecast that United Airlines Holdings, Inc. will post 13.09 earnings per share for the current fiscal year.

United Airlines declared that its board has approved a share buyback program on Tuesday, October 15th that authorizes the company to buyback $1.50 billion in outstanding shares. This buyback authorization authorizes the transportation company to reacquire 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 Buying and Selling

In other news, EVP Linda P. Jojo sold 60,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $95.12, for a total transaction of $5,707,200.00. Following the transaction, the executive vice president now directly owns 63,599 shares of the company’s stock, valued at approximately $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.63% of the stock is currently owned by 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.