United Continental Holdings, Inc. (UAL) Shares Sold by Asset Management One Co. Ltd.
Asset Management One Co. Ltd. trimmed its holdings in United Continental Holdings, Inc. (NYSE:UAL) by 9.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 119,501 shares of the transportation company’s stock after selling 11,960 shares during the period. Asset Management One Co. Ltd.’s holdings in United Continental were worth $7,277,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. Vanguard Group Inc. boosted its stake in United Continental by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 22,706,502 shares of the transportation company’s stock worth $1,708,664,000 after buying an additional 930,321 shares during the last quarter. Janus Henderson Group PLC boosted its stake in United Continental by 30,735.3% in the 2nd quarter. Janus Henderson Group PLC now owns 6,957,062 shares of the transportation company’s stock worth $523,519,000 after buying an additional 6,934,500 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in United Continental by 8.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,431,983 shares of the transportation company’s stock worth $208,949,000 after buying an additional 269,219 shares during the last quarter. Diamond Hill Capital Management Inc. boosted its stake in United Continental by 33.2% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 2,637,733 shares of the transportation company’s stock worth $160,585,000 after buying an additional 656,990 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in United Continental by 11.3% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,186,098 shares of the transportation company’s stock worth $133,088,000 after buying an additional 222,636 shares during the last quarter. 95.63% of the stock is currently owned by hedge funds and other institutional investors.
UAL has been the topic of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and issued a $100.00 price target (down from $110.00) on shares of United Continental in a research note on Friday, October 20th. Evercore ISI raised United Continental from an “in-line” rating to an “outperform” rating and set a $68.00 price target on the stock in a research note on Wednesday, October 25th. TheStreet raised United Continental from a “c+” rating to a “b” rating in a research note on Thursday, December 7th. Zacks Investment Research raised United Continental from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Finally, Cowen reaffirmed a “hold” rating and issued a $67.00 price objective on shares of United Continental in a research note on Friday, December 8th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $78.29.
United Continental (NYSE:UAL) last announced its earnings results on Wednesday, October 18th. The transportation company reported $2.22 EPS for the quarter, beating the consensus estimate of $2.12 by $0.10. The business had revenue of $9.88 billion for the quarter, compared to the consensus estimate of $9.87 billion. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The company’s revenue was down .4% on a year-over-year basis. During the same period last year, the business posted $3.11 EPS. research analysts predict that United Continental Holdings, Inc. will post 6.35 earnings per share for the current year.
United Continental announced that its Board of Directors has approved a stock repurchase plan on Thursday, December 7th that authorizes the company to buyback $3.00 billion in outstanding shares. This buyback authorization authorizes the transportation company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.
In related news, Director Robert A. Milton bought 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The shares were acquired at an average cost of $58.60 per share, for a total transaction of $58,600.00. Following the acquisition, the director now owns 6,176 shares in the company, valued at approximately $361,913.60. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.27% of the company’s stock.
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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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