Bank of New York Mellon Corp lowered its position in United Continental Holdings, Inc. (NYSE:UAL) by 9.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,951,888 shares of the transportation company’s stock after selling 211,293 shares during the period. Bank of New York Mellon Corp owned 0.64% of United Continental Holdings worth $146,879,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. State of Wisconsin Investment Board raised its stake in United Continental Holdings by 89.4% in the second quarter. State of Wisconsin Investment Board now owns 197,537 shares of the transportation company’s stock worth $14,865,000 after buying an additional 93,260 shares in the last quarter. Dupont Capital Management Corp raised its stake in United Continental Holdings by 1.8% in the second quarter. Dupont Capital Management Corp now owns 22,707 shares of the transportation company’s stock worth $1,709,000 after buying an additional 405 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in United Continental Holdings by 20.2% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 39,130 shares of the transportation company’s stock worth $2,945,000 after buying an additional 6,578 shares in the last quarter. DekaBank Deutsche Girozentrale raised its stake in United Continental Holdings by 15.8% in the second quarter. DekaBank Deutsche Girozentrale now owns 8,319 shares of the transportation company’s stock worth $648,000 after buying an additional 1,137 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in United Continental Holdings by 23.5% in the second quarter. First Trust Advisors LP now owns 607,011 shares of the transportation company’s stock worth $45,678,000 after buying an additional 115,602 shares in the last quarter. 98.72% of the stock is currently owned by institutional investors.

United Continental Holdings, Inc. (NYSE UAL) opened at 64.85 on Tuesday. The company has a market capitalization of $19.73 billion, a P/E ratio of 8.96 and a beta of 1.03. United Continental Holdings, Inc. has a 1-year low of $46.68 and a 1-year high of $83.04. The firm has a 50-day moving average price of $71.31 and a 200-day moving average price of $73.37.

United Continental Holdings (NYSE:UAL) last issued its quarterly earnings data on Tuesday, July 18th. The transportation company reported $2.75 EPS for the quarter, topping the consensus estimate of $2.31 by $0.44. The firm had revenue of $10 billion during the quarter, compared to the consensus estimate of $9.95 billion. United Continental Holdings had a return on equity of 29.46% and a net margin of 6.09%. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.61 earnings per share. On average, analysts forecast that United Continental Holdings, Inc. will post $7.79 EPS for the current fiscal year.

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A number of research firms have recently commented on UAL. Wolfe Research raised United Continental Holdings to an “outperform” rating and dropped their price target for the stock from $97.00 to $95.00 in a research report on Sunday. Zacks Investment Research lowered United Continental Holdings from a “buy” rating to a “hold” rating in a research report on Friday. Morgan Stanley dropped their price target on United Continental Holdings from $79.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Thursday, August 17th. Sanford C. Bernstein reaffirmed a “hold” rating on shares of United Continental Holdings in a research report on Monday, August 7th. Finally, ValuEngine raised United Continental Holdings from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. United Continental Holdings presently has a consensus rating of “Hold” and an average target price of $84.97.

In other news, EVP Gregory L. Hart sold 3,000 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was sold at an average price of $76.83, for a total value of $230,490.00. Following the completion of the sale, the executive vice president now directly owns 28,369 shares of the company’s stock, valued at $2,179,590.27. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.27% of the company’s stock.

About United Continental Holdings

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 Holdings (NYSE:UAL)

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