Wealth Enhancement Advisory Services LLC Takes $2.24 Million Position in United Continental Holdings Inc (NASDAQ:UAL)
Wealth Enhancement Advisory Services LLC bought a new stake in United Continental Holdings Inc (NASDAQ:UAL) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 23,917 shares of the transportation company’s stock, valued at approximately $2,235,000.
Other large investors have also recently modified their holdings of the company. Envestnet Asset Management Inc. lifted its position in United Continental by 12.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 35,655 shares of the transportation company’s stock valued at $3,122,000 after purchasing an additional 3,912 shares during the period. DekaBank Deutsche Girozentrale lifted its position in United Continental by 179.0% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 42,175 shares of the transportation company’s stock valued at $3,684,000 after purchasing an additional 27,058 shares during the period. TD Asset Management Inc. increased its stake in shares of United Continental by 16.3% in the 2nd quarter. TD Asset Management Inc. now owns 381,070 shares of the transportation company’s stock valued at $33,363,000 after acquiring an additional 53,440 shares during the last quarter. Pendal Group Ltd increased its stake in shares of United Continental by 6.2% in the 2nd quarter. Pendal Group Ltd now owns 11,715 shares of the transportation company’s stock valued at $1,026,000 after acquiring an additional 689 shares during the last quarter. Finally, Westpac Banking Corp increased its stake in shares of United Continental by 6.7% in the 2nd quarter. Westpac Banking Corp now owns 25,781 shares of the transportation company’s stock valued at $2,257,000 after acquiring an additional 1,623 shares during the last quarter. Institutional investors own 98.12% of the company’s stock.
In related news, COO Gregory L. Hart sold 5,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $93.48, for a total transaction of $467,400.00. Following the completion of the sale, the chief operating officer now directly owns 17,087 shares of the company’s stock, valued at approximately $1,597,292.76. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.40% of the stock is currently owned by corporate insiders.
United Continental (NASDAQ:UAL) last posted its earnings results on Tuesday, July 16th. The transportation company reported $4.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.07 by $0.14. United Continental had a return on equity of 29.33% and a net margin of 6.22%. The business had revenue of $11.40 billion during the quarter, compared to analysts’ expectations of $11.37 billion. During the same period in the prior year, the business earned $3.23 EPS. United Continental’s revenue for the quarter was up 5.8% compared to the same quarter last year. Analysts predict that United Continental Holdings Inc will post 11.64 EPS for the current year.
A number of brokerages have recently commented on UAL. Cowen reaffirmed a “market perform” rating and issued a $99.00 price target (up from $97.00) on shares of United Continental in a research note on Wednesday, April 17th. Buckingham Research upped their price target on United Continental from $111.00 to $120.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Goldman Sachs Group raised United Continental from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a research note on Thursday, June 6th. Morgan Stanley raised United Continental from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $101.00 to $110.00 in a research note on Monday, May 20th. Finally, BidaskClub cut United Continental from a “buy” rating to a “hold” rating in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $102.76.
United Continental Company Profile
United Continental Holdings, Inc, through its subsidiaries, provides air transportation services in North America, Asia, Europe, the Middle East, and Latin America. It transports people and cargo through its mainline and regional operations. As of December 31, 2018, the company operated a fleet of 1,329 aircraft.
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