Toronto Dominion Bank Has $3.13 Million Position in United Airlines Holdings, Inc. (NASDAQ:UAL)

Posted by Defense World Staff on Sep 3rd, 2023

Toronto Dominion Bank lowered its position in United Airlines Holdings, Inc. (NASDAQ:UAL – Free Report) by 32.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 70,696 shares of the transportation company’s stock after selling 33,680 shares during the quarter. Toronto Dominion Bank’s holdings in United Airlines were worth $3,127,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund increased its position in United Airlines by 0.5% during the 4th quarter. Texas Permanent School Fund now owns 46,319 shares of the transportation company’s stock valued at $1,746,000 after purchasing an additional 224 shares during the period. Global Retirement Partners LLC increased its position in United Airlines by 16.0% during the 1st quarter. Global Retirement Partners LLC now owns 2,092 shares of the transportation company’s stock valued at $93,000 after purchasing an additional 289 shares during the period. Massmutual Trust Co. FSB ADV increased its position in United Airlines by 99.7% during the 1st quarter. Massmutual Trust Co. FSB ADV now owns 611 shares of the transportation company’s stock valued at $27,000 after purchasing an additional 305 shares during the period. Spire Wealth Management increased its position in United Airlines by 4.8% during the 1st quarter. Spire Wealth Management now owns 6,637 shares of the transportation company’s stock valued at $294,000 after purchasing an additional 305 shares during the period. Finally, Parallel Advisors LLC increased its position in United Airlines by 29.3% during the 1st quarter. Parallel Advisors LLC now owns 1,403 shares of the transportation company’s stock valued at $62,000 after purchasing an additional 318 shares during the period. Institutional investors and hedge funds own 70.37% of the company’s stock.

Insider Buying and Selling at United Airlines

In other United Airlines news, CFO Gerald Laderman sold 4,491 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the transaction, the chief financial officer now directly owns 133,213 shares in the company, valued at approximately $7,599,801.65. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Gerald Laderman sold 4,491 shares of the firm’s stock in a transaction on Monday, July 24th. The stock was sold at an average price of $57.05, for a total transaction of $256,211.55. Following the completion of the sale, the chief financial officer now directly owns 133,213 shares of the company’s stock, valued at approximately $7,599,801.65. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Gregory L. Hart sold 12,000 shares of the firm’s stock in a transaction on Thursday, June 15th. The shares were sold at an average price of $52.26, for a total value of $627,120.00. Following the sale, the executive vice president now directly owns 26,434 shares of the company’s stock, valued at $1,381,440.84. The disclosure for this sale can be found here. Company insiders own 0.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on UAL. Citigroup increased their target price on shares of United Airlines from $75.00 to $84.00 and gave the company a “buy” rating in a research report on Monday, July 24th. Jefferies Financial Group raised their price objective on shares of United Airlines from $50.00 to $60.00 in a research report on Tuesday, July 11th. Bank of America raised their price objective on shares of United Airlines from $43.00 to $50.00 in a research report on Monday, June 26th. Redburn Partners raised shares of United Airlines from a “neutral” rating to a “buy” rating and set a $80.00 price objective for the company in a research report on Monday, August 7th. Finally, TheStreet raised shares of United Airlines from a “c” rating to a “b-” rating in a research report on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and ten have given a buy rating to the company. According to data from MarketBeat.com, United Airlines presently has a consensus rating of “Moderate Buy” and a consensus target price of $70.14.

Check Out Our Latest Analysis on UAL

United Airlines Price Performance

Shares of UAL opened at $49.72 on Friday. United Airlines Holdings, Inc. has a 12-month low of $31.58 and a 12-month high of $58.23. The business’s fifty day moving average is $53.17 and its 200 day moving average is $48.68. The company has a quick ratio of 0.86, a current ratio of 0.91 and a debt-to-equity ratio of 3.49. The stock has a market cap of $16.31 billion, a P/E ratio of 6.17 and a beta of 1.41.

United Airlines (NASDAQ:UAL – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The transportation company reported $5.03 earnings per share for the quarter, beating the consensus estimate of $4.03 by $1.00. United Airlines had a return on equity of 48.89% and a net margin of 5.24%. The business had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $13.90 billion. During the same period last year, the business earned $1.43 EPS. The business’s revenue was up 17.1% on a year-over-year basis. Sell-side analysts anticipate that United Airlines Holdings, Inc. will post 11.45 earnings per share for the current fiscal year.

About United Airlines

(Free Report)

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, training, and maintenance services for third parties.