California Public Employees Retirement System Has $48.55 Million Stake in United Continental Holdings Inc (UAL)

California Public Employees Retirement System decreased its holdings in shares of United Continental Holdings Inc (NASDAQ:UAL) by 1.6% during the 1st quarter, Holdings Channel reports. The firm owned 608,601 shares of the transportation company’s stock after selling 9,594 shares during the period. California Public Employees Retirement System’s holdings in United Continental were worth $48,554,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Comerica Bank raised its position in shares of United Continental by 0.3% in the 1st quarter. Comerica Bank now owns 43,045 shares of the transportation company’s stock worth $3,638,000 after buying an additional 140 shares during the period. Atlas Capital Advisors LLC raised its position in shares of United Continental by 1.9% in the 1st quarter. Atlas Capital Advisors LLC now owns 8,006 shares of the transportation company’s stock worth $639,000 after buying an additional 148 shares during the period. LS Investment Advisors LLC raised its position in shares of United Continental by 2.3% in the 1st quarter. LS Investment Advisors LLC now owns 8,708 shares of the transportation company’s stock worth $695,000 after buying an additional 192 shares during the period. Conning Inc. raised its position in shares of United Continental by 7.2% in the 1st quarter. Conning Inc. now owns 4,010 shares of the transportation company’s stock worth $320,000 after buying an additional 270 shares during the period. Finally, Hancock Whitney Corp raised its position in shares of United Continental by 1.4% in the 4th quarter. Hancock Whitney Corp now owns 21,313 shares of the transportation company’s stock worth $1,784,000 after buying an additional 293 shares during the period. Institutional investors and hedge funds own 98.11% of the company’s stock.

Shares of UAL stock opened at $83.45 on Wednesday. The company has a debt-to-equity ratio of 1.85, a current ratio of 0.50 and a quick ratio of 0.43. United Continental Holdings Inc has a 52 week low of $66.10 and a 52 week high of $97.85. The company has a market capitalization of $21.60 billion, a price-to-earnings ratio of 9.14, a P/E/G ratio of 0.35 and a beta of 0.99.



United Continental (NASDAQ:UAL) last issued its quarterly earnings data on Tuesday, April 16th. The transportation company reported $1.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.21. The business had revenue of $9.59 billion during the quarter, compared to the consensus estimate of $9.62 billion. United Continental had a return on equity of 28.41% and a net margin of 5.43%. The business’s revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. On average, analysts predict that United Continental Holdings Inc will post 11.14 earnings per share for the current fiscal year.

Several research firms have commented on UAL. Buckingham Research raised their price objective on United Continental from $109.00 to $111.00 and gave the company a “buy” rating in a research report on Wednesday, April 17th. Vertical Research assumed coverage on United Continental in a research report on Monday, February 4th. They set a “buy” rating and a $103.00 target price on the stock. Argus assumed coverage on United Continental in a research report on Wednesday, January 30th. They set a “buy” rating and a $101.00 target price on the stock. Macquarie set a $111.00 target price on United Continental and gave the stock a “buy” rating in a research report on Tuesday, January 29th. Finally, Zacks Investment Research lowered United Continental from a “buy” rating to a “hold” rating in a research report on Friday, March 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. United Continental currently has an average rating of “Buy” and a consensus target price of $101.41.

In other news, COO Gregory L. Hart sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, April 30th. The stock was sold at an average price of $89.66, for a total transaction of $448,300.00. Following the completion of the transaction, the chief operating officer now directly owns 22,087 shares in the company, valued at $1,980,320.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.40% of the company’s stock.

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United Continental 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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Institutional Ownership by Quarter for United Continental (NASDAQ:UAL)

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