Perkins Coie Trust Co lowered its position in Union Pacific Co. (NYSE:UNP) by 1.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,325 shares of the railroad operator’s stock after selling 233 shares during the quarter. Perkins Coie Trust Co’s holdings in Union Pacific were worth $2,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Janney Montgomery Scott LLC raised its stake in Union Pacific by 13.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 135,942 shares of the railroad operator’s stock valued at $22,989,000 after purchasing an additional 16,477 shares during the period. First Foundation Advisors boosted its holdings in Union Pacific by 164.1% during the 2nd quarter. First Foundation Advisors now owns 5,237 shares of the railroad operator’s stock worth $886,000 after acquiring an additional 3,254 shares during the last quarter. Dakota Wealth Management boosted its holdings in shares of Union Pacific by 51.6% in the 2nd quarter. Dakota Wealth Management now owns 6,875 shares of the railroad operator’s stock worth $1,163,000 after buying an additional 2,340 shares during the last quarter. Cerebellum GP LLC boosted its holdings in shares of Union Pacific by 6.0% in the 1st quarter. Cerebellum GP LLC now owns 2,051 shares of the railroad operator’s stock worth $343,000 after buying an additional 116 shares during the last quarter. Finally, Edgestream Partners L.P. boosted its holdings in shares of Union Pacific by 666.8% in the 2nd quarter. Edgestream Partners L.P. now owns 88,678 shares of the railroad operator’s stock worth $14,996,000 after buying an additional 77,113 shares during the last quarter. 77.77% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently issued reports on UNP shares. Loop Capital boosted their price objective on Union Pacific to $191.00 in a research note on Friday, July 19th. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $175.00 to $195.00 in a research note on Friday, July 26th. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. Finally, Cowen restated a “buy” rating and issued a $184.00 price objective on shares of Union Pacific in a research note on Thursday, July 18th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus price target of $182.15.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at $17,093,537.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 9.96% of the company’s stock.
Shares of NYSE UNP traded up $4.60 during trading hours on Friday, hitting $160.37. 1,731,259 shares of the company traded hands, compared to its average volume of 3,470,990. The stock has a market capitalization of $106.72 billion, a price-to-earnings ratio of 20.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. The company’s 50 day moving average price is $162.43 and its 200 day moving average price is $168.88. Union Pacific Co. has a 12 month low of $128.08 and a 12 month high of $180.54.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.98 EPS. Equities analysts anticipate that Union Pacific Co. will post 8.83 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a dividend of $0.97 per share. The ex-dividend date was Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a yield of 2.42%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is currently 49.05%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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