Exxonmobil Investment Management Inc Tx Lowers stake in United Continental Holdings Inc (UAL)

United Continental Holdings Inc (UAL) : Exxonmobil Investment Management Inc Tx reduced its stake in United Continental Holdings Inc by 13.79% during the most recent quarter end. The investment management company now holds a total of 74,913 shares of United Continental Holdings Inc which is valued at $3,956,905 after selling 11,983 shares in United Continental Holdings Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.United Continental Holdings Inc makes up approximately 0.08% of Exxonmobil Investment Management Inc Tx’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings reduced its stake in UAL by selling 42,445 shares or 14.71% in the most recent quarter. The Hedge Fund company now holds 246,139 shares of UAL which is valued at $13,247,201. United Continental Holdings Inc makes up approx 0.07% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in UAL in the latest quarter, The investment management firm added 6,078 additional shares and now holds a total of 202,349 shares of United Continental Holdings Inc which is valued at $10,890,423. United Continental Holdings Inc makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio. Washington Trust Bank added UAL to its portfolio by purchasing 27 company shares during the most recent quarter which is valued at $1,453.

United Continental Holdings Inc closed down -1.16 points or -2.15% at $52.82 with 25,77,634 shares getting traded on Friday. Post opening the session at $53.79, the shares hit an intraday low of $52.67 and an intraday high of $54 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, United Continental Holdings Inc reported $2.61 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 19, 2016. Analyst had a consensus of $2.56. The company had revenue of $9396.00 million for the quarter, compared to analysts expectations of $9390.44 million. The company’s revenue was down -5.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $3.31 EPS.

Many Wall Street Analysts have commented on United Continental Holdings Inc. United Continental Holdings Inc was Upgraded by Raymond James to ” Outperform” on Aug 30, 2016. Imperial Capital Initiated United Continental Holdings Inc on Aug 23, 2016 to “Outperform”, Price Target of the shares are set at $57.

United Continental Holdings Inc. (UAL) is a holding company and its principal wholly owned subsidiary is United Air Lines Inc. (United). The Company transports people and cargo through its mainline operations which use jet aircraft with at least 118 seats and its regional 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 an average of 5055 flights a day to 373 airports across six continents from the Company’s hubs at Newark Liberty International Airport Chicago O’Hare International Airport Denver International Airport George Bush Intercontinental Airport Los Angeles International Airport A.B. Won Pat International Airport San Francisco International Airport and Washington Dulles International Airport. It has contractual relationships with a range of regional carriers to provide regional jet and turboprop service branded as United Express.

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