United Continental Holdings Inc (UAL) Position Lessened by Exxonmobil Investment Management Inc. TX

Exxonmobil Investment Management Inc. TX cut its holdings in United Continental Holdings Inc (NYSE:UAL) by 15.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,040 shares of the transportation company’s stock after selling 7,182 shares during the quarter. Exxonmobil Investment Management Inc. TX’s holdings in United Continental were worth $2,699,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Janus Henderson Group PLC grew its stake in shares of United Continental by 30,735.3% in the second quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after purchasing an additional 6,934,500 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of United Continental in the third quarter worth about $121,305,000. Vanguard Group Inc. grew its stake in shares of United Continental by 4.3% in the second quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after purchasing an additional 930,321 shares during the last quarter. Diamond Hill Capital Management Inc. grew its stake in shares of United Continental by 33.2% in the third quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after purchasing an additional 656,990 shares during the last quarter. Finally, Parametric Portfolio Associates LLC grew its stake in shares of United Continental by 113.5% in the second quarter. Parametric Portfolio Associates LLC now owns 1,144,832 shares of the transportation company’s stock worth $86,149,000 after purchasing an additional 608,570 shares during the last quarter. 95.63% of the stock is currently owned by institutional investors.

In other United Continental news, Director Robert A. Milton bought 1,000 shares of the stock in a transaction dated Tuesday, October 24th. The stock was purchased at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the completion of the acquisition, the director now owns 6,176 shares of the company’s stock, valued at $361,913.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.

UAL has been the subject of several research analyst reports. Imperial Capital restated an “in-line” rating and issued a $74.00 price objective (up from $64.00) on shares of United Continental in a report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a $130.00 price objective (up from $100.00) on shares of United Continental in a report on Wednesday. Citigroup upgraded shares of United Continental from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Wednesday. Cowen restated a “market perform” rating and issued a $70.00 price objective (up from $63.00) on shares of United Continental in a report on Thursday, October 12th. Finally, Bank of America restated a “buy” rating and issued a $84.00 price objective (down from $85.00) on shares of United Continental in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $81.69.

United Continental Holdings Inc (UAL) opened at $78.40 on Friday. United Continental Holdings Inc has a 1-year low of $56.51 and a 1-year high of $83.04. The stock has a market cap of $23,230.00, a P/E ratio of 11.35, a PEG ratio of 1.82 and a beta of 1.05. The company has a current ratio of 0.60, a quick ratio of 0.53 and a debt-to-equity ratio of 1.37.

United Continental (NYSE:UAL) last released its earnings results on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. United Continental had a net margin of 5.22% and a return on equity of 25.26%. The firm had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same period last year, the business earned $3.11 earnings per share. The business’s revenue was down .4% on a year-over-year basis. sell-side analysts predict that United Continental Holdings Inc will post 6.59 EPS for the current fiscal year.

United Continental declared that its board has initiated a stock buyback plan on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

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United Continental Profile

United Continental Holdings, Inc (UAL) is a holding company and its principal subsidiary is United Air Lines, Inc (United). The Company transports people and cargo through its mainline operations. It has global air rights in North America, Asia-Pacific, Europe, Middle East, Africa and Latin America. The Company, through United and its regional carriers, operates flights from its hubs at Newark Liberty International Airport (Newark Liberty), Chicago O’Hare International Airport (Chicago O’Hare), Denver International Airport (Denver), George Bush Intercontinental Airport (Houston Bush), Los Angeles International Airport (LAX), A.B.

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Institutional Ownership by Quarter for United Continental (NYSE:UAL)

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