Sippican Capital Advisors cut its holdings in Union Pacific Co. (NYSE:UNP) by 6.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,475 shares of the railroad operator’s stock after selling 105 shares during the quarter. Sippican Capital Advisors’ holdings in Union Pacific were worth $239,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in Union Pacific in the second quarter valued at approximately $25,000. River & Mercantile Asset Management LLP acquired a new stake in shares of Union Pacific in the second quarter worth $29,000. Mackey Komara & Dankovich LLC lifted its stake in shares of Union Pacific by 549.7% in the second quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock worth $30,000 after buying an additional 951 shares during the last quarter. Financial Gravity Wealth Inc. raised its stake in Union Pacific by 78.8% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 82 shares during the last quarter. Finally, Transamerica Financial Advisors Inc. acquired a new position in Union Pacific during the 2nd quarter valued at $31,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.
Union Pacific stock traded up $2.25 on Thursday, hitting $165.56. The company’s stock had a trading volume of 259,241 shares, compared to its average volume of 3,669,086. The firm has a market cap of $112.41 billion, a P/E ratio of 20.91, a price-to-earnings-growth ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a fifty day moving average price of $162.32 and a 200-day moving average price of $168.87. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.36 by ($0.14). Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm had revenue of $5.52 billion during the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the previous year, the company posted $2.15 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. Analysts anticipate that Union Pacific Co. will post 8.79 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a $0.97 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.34%. Union Pacific’s dividend payout ratio is presently 49.05%.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction dated 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 owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.96% of the stock is currently owned by corporate insiders.
Several equities analysts recently commented on the stock. Cowen reiterated a “buy” rating and set a $184.00 target price on shares of Union Pacific in a research note on Thursday, July 18th. Bank of America cut their target price on shares of Union Pacific from $179.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price for the company in a research note on Monday, July 22nd. Deutsche Bank upped their target price on shares of Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Morgan Stanley cut their target price on shares of Union Pacific from $140.00 to $138.00 and set an “underweight” rating for the company in a research note on Monday, October 7th. One research 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. The stock has an average rating of “Buy” and an average price target of $182.15.
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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