BB&T Securities LLC Takes $446,000 Position in United Continental Holdings, Inc. (UAL)

BB&T Securities LLC bought a new stake in shares of United Continental Holdings, Inc. (NYSE:UAL) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 7,341 shares of the transportation company’s stock, valued at approximately $446,000.

Several other large investors also recently made changes to their positions in UAL. Commonwealth Bank of Australia increased its holdings in United Continental by 11.2% during the 3rd quarter. Commonwealth Bank of Australia now owns 133,697 shares of the transportation company’s stock worth $8,134,000 after purchasing an additional 13,491 shares during the last quarter. Wells Fargo & Company MN increased its holdings in United Continental by 14.2% during the 3rd quarter. Wells Fargo & Company MN now owns 1,324,612 shares of the transportation company’s stock worth $80,641,000 after purchasing an additional 164,488 shares during the last quarter. Zeke Capital Advisors LLC purchased a new stake in United Continental during the 3rd quarter worth approximately $230,000. Schroder Investment Management Group increased its holdings in United Continental by 139.2% during the 3rd quarter. Schroder Investment Management Group now owns 63,897 shares of the transportation company’s stock worth $3,908,000 after purchasing an additional 37,181 shares during the last quarter. Finally, Legal & General Group Plc increased its holdings in United Continental by 2.6% during the 3rd quarter. Legal & General Group Plc now owns 508,377 shares of the transportation company’s stock worth $30,950,000 after purchasing an additional 12,659 shares during the last quarter. Institutional investors and hedge funds own 95.92% of the company’s stock.

United Continental Holdings, Inc. (NYSE:UAL) traded up $0.02 during trading hours on Monday, reaching $63.55. The company had a trading volume of 5,162,000 shares, compared to its average volume of 4,371,880. United Continental Holdings, Inc. has a twelve month low of $56.51 and a twelve month high of $83.04. The firm has a market cap of $18,830.00, a price-to-earnings ratio of 8.89, a P/E/G ratio of 1.64 and a beta of 1.04. The company has a quick ratio of 0.53, a current ratio of 0.60 and a debt-to-equity ratio of 1.37.

United Continental (NYSE:UAL) last released its quarterly earnings data on Wednesday, October 18th. The transportation company reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. United Continental had a return on equity of 25.26% and a net margin of 5.22%. The business had revenue of $9.88 billion during the quarter, compared to analyst estimates of $9.87 billion. During the same quarter in the previous year, the firm posted $3.11 EPS. The business’s revenue for the quarter was down .4% compared to the same quarter last year. sell-side analysts forecast that United Continental Holdings, Inc. will post 6.31 EPS for the current fiscal year.

United Continental declared that its Board of Directors has initiated a share buyback program on Thursday, December 7th that allows the company to buyback $3.00 billion in shares. This buyback authorization allows the transportation company to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board believes its stock is undervalued.

In other United Continental news, Director Edward Shapiro purchased 15,000 shares of United Continental stock in a transaction on Friday, September 15th. The stock was bought at an average price of $59.87 per share, for a total transaction of $898,050.00. Following the transaction, the director now owns 27,707 shares of the company’s stock, valued at approximately $1,658,818.09. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Robert A. Milton purchased 1,000 shares of United Continental stock in a transaction on Tuesday, October 24th. The shares were acquired at an average price of $58.60 per share, with a total value of $58,600.00. Following the transaction, the director now directly owns 6,176 shares in the company, valued at approximately $361,913.60. The disclosure for this purchase can be found here. Insiders own 0.27% of the company’s stock.

UAL has been the subject of several research reports. Morgan Stanley decreased their target price on United Continental from $79.00 to $72.00 and set an “equal weight” rating for the company in a research report on Thursday, August 17th. Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Wolfe Research upgraded United Continental to an “outperform” rating and decreased their target price for the stock from $97.00 to $95.00 in a research report on Sunday, August 20th. Stephens reiterated an “equal weight” rating and issued a $65.00 target price (down previously from $80.00) on shares of United Continental in a research report on Thursday, September 7th. Finally, Citigroup reiterated a “neutral” rating and issued a $68.00 target price (down previously from $85.00) on shares of United Continental in a research report on Thursday, September 7th. Three analysts have rated the stock with a sell rating, thirteen have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $77.91.

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About United Continental

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 (NYSE:UAL)

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