Toronto Dominion Bank Has $7.11 Million Holdings in United Airlines Holdings, Inc. (NASDAQ:UAL)

Toronto Dominion Bank decreased its holdings in shares of United Airlines Holdings, Inc. (NASDAQ:UAL) by 11.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 124,515 shares of the transportation company’s stock after selling 16,589 shares during the quarter. Toronto Dominion Bank’s holdings in United Airlines were worth $7,105,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UAL. Global Trust Asset Management LLC acquired a new position in shares of United Airlines during the 3rd quarter worth about $29,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of United Airlines in the second quarter valued at about $30,000. Armstrong Advisory Group Inc. bought a new stake in United Airlines during the third quarter worth about $36,000. UMB Bank n.a. boosted its position in United Airlines by 59.7% during the second quarter. UMB Bank n.a. now owns 682 shares of the transportation company’s stock valued at $33,000 after purchasing an additional 255 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in United Airlines by 108.6% in the third quarter. Blue Trust Inc. now owns 753 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 392 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

United Airlines Stock Performance

Shares of NASDAQ UAL opened at $95.11 on Friday. The company has a debt-to-equity ratio of 1.95, a current ratio of 0.79 and a quick ratio of 0.72. The firm has a market cap of $31.28 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 1.12 and a beta of 1.44. The stock’s fifty day moving average price is $84.18 and its two-hundred day moving average price is $60.56. United Airlines Holdings, Inc. has a one year low of $37.02 and a one year high of $105.09.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings data 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 net margin of 4.94% and a return on equity of 30.72%. The business had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.76 billion. During the same quarter in the previous year, the company earned $3.65 EPS. On average, equities analysts forecast that United Airlines Holdings, Inc. will post 10.27 EPS for the current year.

United Airlines announced that its Board of Directors has authorized 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 reacquire up to 7.1% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

UAL has been the topic of a number of analyst reports. Barclays upped their price objective on United Airlines from $75.00 to $150.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Sanford C. Bernstein upped their price target on shares of United Airlines from $68.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. Jefferies Financial Group increased their price target on shares of United Airlines from $75.00 to $95.00 and gave the company a “buy” rating in a research note on Monday, October 21st. The Goldman Sachs Group restated a “buy” rating and set a $119.00 price objective on shares of United Airlines in a research note on Friday, November 15th. Finally, Bank of America raised their target price on shares of United Airlines from $70.00 to $84.00 and gave the company a “buy” rating in a research note on Thursday, October 17th. One analyst has rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus price target of $98.95.

Insider Activity

In other United Airlines news, EVP Torbjorn J. Enqvist sold 14,500 shares of United Airlines stock in a transaction on Thursday, October 17th. The stock was sold at an average price of $72.00, for a total value of $1,044,000.00. Following the completion of the transaction, the executive vice president now directly owns 30,427 shares of the company’s stock, valued at $2,190,744. The trade was a 32.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Linda P. Jojo sold 60,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $95.12, for a total value of $5,707,200.00. Following the sale, the executive vice president now directly owns 63,599 shares in the company, valued at approximately $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. Over the last ninety days, insiders sold 92,000 shares of company stock worth $8,158,900. Corporate insiders own 0.63% of the company’s stock.

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.