Meeder Asset Management Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 70,869 shares of the railroad operator’s stock after selling 2,859 shares during the quarter. Union Pacific comprises approximately 0.8% of Meeder Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Meeder Asset Management Inc.’s holdings in Union Pacific were worth $11,479,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of UNP. Nuveen Asset Management LLC boosted its position in Union Pacific by 1,957.4% during the second quarter. Nuveen Asset Management LLC now owns 8,164,209 shares of the railroad operator’s stock worth $1,380,648,000 after purchasing an additional 7,767,384 shares during the period. Invesco Ltd. boosted its position in Union Pacific by 106.4% during the second quarter. Invesco Ltd. now owns 4,282,775 shares of the railroad operator’s stock worth $724,260,000 after purchasing an additional 2,207,908 shares during the period. Soroban Capital Partners LP boosted its position in Union Pacific by 69.6% during the second quarter. Soroban Capital Partners LP now owns 4,320,067 shares of the railroad operator’s stock worth $730,567,000 after purchasing an additional 1,772,727 shares during the period. Thoroughbred Financial Services LLC boosted its position in Union Pacific by 17,755.2% during the second quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after purchasing an additional 794,189 shares during the period. Finally, Holocene Advisors LP bought a new position in Union Pacific during the second quarter worth about $129,538,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.
UNP has been the subject of a number of analyst reports. Cowen restated a “buy” rating and issued a $172.00 price objective on shares of Union Pacific in a research report on Thursday. Loop Capital raised their price objective on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. Cascend Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Morgan Stanley cut their price objective on shares of Union Pacific from $140.00 to $138.00 and set an “underweight” rating for the company in a research report on Monday, October 7th. Finally, Raymond James set a $197.00 price objective on shares of Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $181.55.
UNP traded up $1.54 on Thursday, reaching $164.85. The company had a trading volume of 279,094 shares, compared to its average volume of 3,669,086. The business has a 50 day simple moving average of $162.32 and a 200 day simple moving average of $168.87. The company has a market cap of $112.41 billion, a price-to-earnings ratio of 20.91, a P/E/G ratio of 1.81 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing analysts’ consensus estimates of $2.36 by ($0.14). The company had revenue of $5.52 billion during the quarter, compared to analysts’ expectations of $5.65 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.15 earnings per share. As a group, equities research analysts predict that Union Pacific Co. will post 8.79 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a $0.97 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 49.05%.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 9.96% of the company’s stock.
Union Pacific Company 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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