Decker Retirement Planning Inc. Acquires New Shares in United Airlines Holdings, Inc. (NASDAQ:UAL)

Decker Retirement Planning Inc. bought a new position in United Airlines Holdings, Inc. (NASDAQ:UAL) in the fourth quarter, HoldingsChannel reports. The fund bought 18,563 shares of the transportation company’s stock, valued at approximately $1,802,000. United Airlines makes up about 1.0% of Decker Retirement Planning Inc.’s portfolio, making the stock its 24th largest position.

Several other hedge funds and other institutional investors have also bought and sold shares of UAL. Global Trust Asset Management LLC bought a new position in United Airlines in the third quarter valued at about $29,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of United Airlines during the 2nd quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new position in shares of United Airlines in the 3rd quarter worth approximately $36,000. Quest Partners LLC grew its stake in United Airlines by 3,504.8% in the 2nd quarter. Quest Partners LLC now owns 757 shares of the transportation company’s stock worth $37,000 after acquiring an additional 736 shares in the last quarter. Finally, Winch Advisory Services LLC purchased a new position in shares of United Airlines during the fourth quarter worth approximately $38,000. Institutional investors own 69.69% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UAL. Raymond James boosted their price target on United Airlines from $90.00 to $120.00 and gave the company an “outperform” rating in a report on Monday, December 30th. Melius Research raised United Airlines to a “strong-buy” rating in a research report on Monday, December 2nd. Dbs Bank upgraded United Airlines from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Sanford C. Bernstein upped their price objective on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Finally, TD Cowen raised their target price on shares of United Airlines from $100.00 to $125.00 and gave the company a “buy” rating in a research report on Tuesday, November 19th. One research analyst has rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $106.45.

Insider Transactions at United Airlines

In other United Airlines news, EVP Kate Gebo sold 17,500 shares of the firm’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $80.44, for a total value of $1,407,700.00. Following the completion of the transaction, the executive vice president now owns 40,012 shares of the company’s stock, valued at approximately $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 accessible through the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 63,599 shares in the company, valued at $6,049,536.88. This trade represents a 48.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.63% of the company’s stock.

United Airlines Price Performance

NASDAQ UAL opened at $106.11 on Friday. The firm’s fifty day simple moving average is $96.92 and its two-hundred day simple moving average is $68.42. The firm has a market capitalization of $34.90 billion, a P/E ratio of 12.80, a P/E/G ratio of 0.98 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 12-month low of $37.02 and a 12-month high of $110.92.

United Airlines (NASDAQ:UAL) last announced its earnings results on Tuesday, October 15th. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.23. United Airlines had a return on equity of 30.72% and a net margin of 4.94%. The firm had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.76 billion. During the same period in the previous year, the business earned $3.65 EPS. Analysts forecast that United Airlines Holdings, Inc. will post 10.32 EPS for the current fiscal year.

United Airlines announced that its board has approved a share buyback program on Tuesday, October 15th that permits the company to buyback $1.50 billion in shares. This buyback authorization permits the transportation company to buy up to 7.1% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its stock is undervalued.

United Airlines Company 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.