First Mercantile Trust Co. reduced its holdings in shares of United Continental Holdings Inc (NYSE:UAL) by 13.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,523 shares of the transportation company’s stock after selling 2,259 shares during the quarter. First Mercantile Trust Co.’s holdings in United Continental were worth $979,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. California Public Employees Retirement System boosted its stake in shares of United Continental by 2.1% in the third quarter. California Public Employees Retirement System now owns 722,299 shares of the transportation company’s stock valued at $43,974,000 after purchasing an additional 14,899 shares during the period. First Dallas Securities Inc. purchased a new position in shares of United Continental in the third quarter valued at $504,000. Point72 Asset Management L.P. purchased a new position in shares of United Continental in the third quarter valued at $28,887,000. FNY Managed Accounts LLC purchased a new position in shares of United Continental in the third quarter valued at $560,000. Finally, Canada Pension Plan Investment Board boosted its stake in shares of United Continental by 78.5% in the third quarter. Canada Pension Plan Investment Board now owns 766,432 shares of the transportation company’s stock valued at $46,660,000 after purchasing an additional 337,000 shares during the period. Institutional investors own 94.21% of the company’s stock.
UAL has been the topic of a number of research analyst reports. Imperial Capital reduced their price objective on shares of United Continental from $63.00 to $57.00 and set an “in-line” rating on the stock in a research note on Friday, October 20th. Buckingham Research increased their target price on shares of United Continental from $83.00 to $88.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Evercore ISI cut shares of United Continental from an “outperform” rating to an “in-line” rating in a report on Wednesday, January 24th. TheStreet raised shares of United Continental from a “c+” rating to a “b” rating in a report on Thursday, December 7th. Finally, ValuEngine raised shares of United Continental from a “buy” rating to a “strong-buy” rating in a report on Friday, December 1st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $82.87.
United Continental Holdings Inc (NYSE:UAL) traded up $0.10 during trading hours on Wednesday, hitting $65.80. 1,185,917 shares of the stock traded hands, compared to its average volume of 5,752,071. United Continental Holdings Inc has a one year low of $56.51 and a one year high of $83.04. The company has a debt-to-equity ratio of 1.37, a quick ratio of 0.53 and a current ratio of 0.60. The company has a market cap of $19,001.63, a price-to-earnings ratio of 9.29 and a beta of 1.02.
United Continental (NYSE:UAL) last posted its quarterly earnings data on Tuesday, January 23rd. The transportation company reported $1.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.45. United Continental had a net margin of 5.65% and a return on equity of 23.43%. The company had revenue of $9.44 billion during the quarter, compared to analyst estimates of $9.41 billion. During the same quarter last year, the firm posted $1.78 EPS. The business’s revenue for the quarter was up 4.3% on a year-over-year basis. equities analysts forecast that United Continental Holdings Inc will post 7.43 earnings per share for the current year.
United Continental declared that its Board of Directors has approved a stock repurchase program on Thursday, December 7th that permits the company to repurchase $3.00 billion in shares. This repurchase authorization permits the transportation company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board of directors believes its stock is 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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