TCI Wealth Advisors Inc. lessened its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,856 shares of the railroad operator’s stock after selling 102 shares during the quarter. TCI Wealth Advisors Inc.’s holdings in Union Pacific were worth $1,110,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Union Pacific during the 2nd quarter valued at $25,000. River & Mercantile Asset Management LLP bought a new stake in shares of Union Pacific in the 2nd quarter worth $29,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Union Pacific in the 2nd quarter worth $31,000. Financial Gravity Wealth Inc. grew its stake in shares of Union Pacific by 78.8% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock worth $30,000 after acquiring an additional 82 shares in the last quarter. Finally, Virtus ETF Advisers LLC bought a new stake in shares of Union Pacific in the 2nd quarter worth $32,000. Institutional investors and hedge funds own 77.82% of the company’s stock.
Several analysts have recently issued reports on UNP shares. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $175.00 to $195.00 in a research note on Friday, July 26th. Raymond James set a $197.00 target price on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital upped their target price on shares of Union Pacific to $191.00 in a research note on Friday, July 19th. Finally, Cascend Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $181.55.
In other Union Pacific 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 transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 9.96% of the stock is currently owned by insiders.
Shares of NYSE:UNP traded up $2.10 during midday trading on Thursday, reaching $165.41. The company had a trading volume of 3,147,564 shares, compared to its average volume of 3,669,086. The company’s 50 day moving average price is $162.32 and its 200 day moving average price is $168.87. 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 stock has a market cap of $112.41 billion, a P/E ratio of 20.91, a P/E/G ratio of 1.81 and a beta of 1.07. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 31.74% and a net margin of 26.95%. Union Pacific’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period last year, the firm posted $2.15 earnings per share. Research analysts forecast that Union Pacific Co. will post 8.79 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued 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 dividend yield of 2.35%. The ex-dividend date was Thursday, August 29th. Union Pacific’s payout ratio is 49.05%.
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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