Franklin Resources Inc. Has $21.03 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Franklin Resources Inc. lifted its stake in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 216,611 shares of the transportation company’s stock after acquiring an additional 14,059 shares during the quarter. Franklin Resources Inc.’s holdings in United Airlines were worth $21,033,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in United Airlines by 16.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 233,464 shares of the transportation company’s stock valued at $13,321,000 after purchasing an additional 32,725 shares during the last quarter. Captrust Financial Advisors boosted its holdings in shares of United Airlines by 10.3% during the 3rd quarter. Captrust Financial Advisors now owns 16,104 shares of the transportation company’s stock worth $919,000 after buying an additional 1,499 shares during the period. Stifel Financial Corp grew its stake in United Airlines by 0.5% in the 3rd quarter. Stifel Financial Corp now owns 107,510 shares of the transportation company’s stock valued at $6,135,000 after buying an additional 509 shares during the last quarter. State Street Corp raised its holdings in United Airlines by 0.8% in the 3rd quarter. State Street Corp now owns 10,320,253 shares of the transportation company’s stock worth $588,874,000 after acquiring an additional 78,470 shares during the period. Finally, Weiss Asset Management LP acquired a new position in United Airlines during the 3rd quarter worth $207,000. 69.69% of the stock is owned by institutional investors.

United Airlines Stock Performance

NASDAQ:UAL opened at $57.67 on Monday. The firm has a market capitalization of $18.88 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 0.67 and a beta of 1.19. The company has a quick ratio of 0.74, a current ratio of 0.81 and a debt-to-equity ratio of 1.99. United Airlines Holdings, Inc. has a 12-month low of $37.02 and a 12-month high of $116.00. The firm has a 50-day moving average price of $89.38 and a 200 day moving average price of $87.21.

United Airlines (NASDAQ:UAL) last issued its earnings results on Tuesday, January 21st. The transportation company reported $3.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.96 by $0.30. United Airlines had a return on equity of 32.26% and a net margin of 5.52%. The business had revenue of $14.70 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the prior year, the firm posted $2.00 EPS. United Airlines’s quarterly revenue was up 7.8% compared to the same quarter last year. Research analysts anticipate that United Airlines Holdings, Inc. will post 12.96 earnings per share for the current fiscal year.

Analyst Ratings Changes

UAL has been the topic of several research analyst reports. Susquehanna reaffirmed a “hold” rating on shares of United Airlines in a research report on Tuesday, February 25th. Raymond James downgraded United Airlines from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 2nd. Morgan Stanley increased their price objective on United Airlines from $130.00 to $140.00 and gave the company an “overweight” rating in a research report on Thursday, January 23rd. UBS Group dropped their target price on shares of United Airlines from $140.00 to $107.00 and set a “buy” rating on the stock in a research report on Thursday, March 20th. Finally, Bank of America decreased their price target on shares of United Airlines from $110.00 to $100.00 and set a “buy” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $111.08.

About United Airlines

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.