Perigon Wealth Management LLC Invests $702,000 in United Airlines Holdings Inc $UAL

Perigon Wealth Management LLC acquired a new position in shares of United Airlines Holdings Inc (NASDAQ:UAL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 5,165 shares of the transportation company’s stock, valued at approximately $702,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in United Airlines in the fourth quarter valued at about $25,000. Western Wealth Management LLC bought a new position in shares of United Airlines in the first quarter valued at about $27,000. Elevation Wealth Partners LLC raised its position in shares of United Airlines by 393.0% in the second quarter. Elevation Wealth Partners LLC now owns 212 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 169 shares during the period. Trust Co. of Vermont acquired a new stake in shares of United Airlines during the 2nd quarter worth about $29,000. Finally, JPL Wealth Management LLC acquired a new stake in shares of United Airlines during the 3rd quarter worth about $29,000. Institutional investors own 69.69% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UAL shares. Jefferies Financial Group reiterated a “buy” rating and issued a $155.00 price target on shares of United Airlines in a research note on Sunday, July 19th. Bank of America boosted their price objective on United Airlines from $145.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, July 1st. Susquehanna decreased their target price on United Airlines from $172.00 to $165.00 and set a “positive” rating on the stock in a research report on Friday, July 17th. Weiss Ratings reiterated a “hold (c+)” rating on shares of United Airlines in a research note on Friday, July 17th. Finally, The Goldman Sachs Group lifted their price target on United Airlines from $131.00 to $162.00 and gave the stock a “buy” rating in a report on Thursday, July 2nd. Sixteen equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $156.79.

United Airlines Trading Down 2.5%

Shares of United Airlines stock opened at $115.78 on Thursday. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.78 and a quick ratio of 0.72. United Airlines Holdings Inc has a 1 year low of $84.64 and a 1 year high of $138.77. The firm has a market cap of $37.58 billion, a PE ratio of 10.83, a PEG ratio of 0.91 and a beta of 1.28. The company has a 50 day simple moving average of $124.06 and a two-hundred day simple moving average of $108.45.

United Airlines (NASDAQ:UAL) last issued its quarterly earnings results on Wednesday, July 15th. The transportation company reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.88 by $0.11. The firm had revenue of $17.67 billion for the quarter, compared to analyst estimates of $17.62 billion. United Airlines had a net margin of 5.56% and a return on equity of 19.05%. The business’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.87 EPS. United Airlines has set its FY 2026 guidance at 9.000-11.000 EPS. Analysts expect that United Airlines Holdings Inc will post 10.38 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other United Airlines news, CEO J Scott Kirby sold 159,321 shares of United Airlines stock in a transaction dated Tuesday, July 21st. The stock was sold at an average price of $118.05, for a total transaction of $18,807,844.05. Following the completion of the sale, the chief executive officer owned 797,851 shares of the company’s stock, valued at $94,186,310.55. The trade was a 16.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Kate Gebo sold 34,669 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $105.41, for a total value of $3,654,459.29. Following the completion of the transaction, the executive vice president owned 67,707 shares of the company’s stock, valued at $7,136,994.87. The trade was a 33.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 306,010 shares of company stock valued at $35,949,843 over the last quarter. Insiders own 0.86% of the company’s stock.

United Airlines Profile

United Airlines Holdings, Inc operates United Airlines, a major U.S. full-service passenger carrier providing scheduled air transportation for passengers and cargo. The company offers a comprehensive route network that covers domestic markets across the United States as well as extensive international service to Europe, Asia, Latin America, and the Pacific. United operates a mixed fleet of narrow- and wide-body aircraft on point-to-point and hub-and-spoke routes, and supports corporate and leisure travel through offerings such as premium cabins, basic economy, and ancillary services including baggage, seat selection and in-flight amenities.

In addition to passenger operations, United provides cargo services through United Cargo, handling freight, mail and specialized shipments.