Pennsylvania Trust Co boosted its position in Union Pacific Co. (NYSE:UNP) by 2.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 159,055 shares of the railroad operator’s stock after buying an additional 3,071 shares during the period. Union Pacific makes up about 1.1% of Pennsylvania Trust Co’s holdings, making the stock its 24th biggest position. Pennsylvania Trust Co’s holdings in Union Pacific were worth $25,899,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Lenox Wealth Advisors LLC acquired a new stake in Union Pacific in the second quarter valued at $105,000. Landaas & Co. WI ADV acquired a new stake in Union Pacific in the second quarter valued at $133,000. grace capital acquired a new stake in Union Pacific in the second quarter valued at $142,000. Exane Derivatives lifted its holdings in Union Pacific by 85.1% in the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after acquiring an additional 504 shares during the period. Finally, Brand Asset Management Group Inc. acquired a new stake in Union Pacific in the second quarter valued at $169,000. Hedge funds and other institutional investors own 80.43% of the company’s stock.
A number of equities research analysts have commented on the company. Morgan Stanley raised their target price on Union Pacific from $140.00 to $141.00 and gave the company an “equal weight” rating in a report on Tuesday. ValuEngine downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, July 2nd. Credit Suisse Group reduced their target price on Union Pacific from $169.00 to $167.00 and set an “outperform” rating for the company in a report on Friday, July 20th. Cowen reissued a “hold” rating and issued a $151.00 target price on shares of Union Pacific in a report on Thursday, July 19th. Finally, Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 target price for the company in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $156.60.
In other news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Shares of NYSE:UNP traded down $0.42 during midday trading on Tuesday, hitting $164.14. 50,671 shares of the stock were exchanged, compared to its average volume of 4,298,143. The company has a market capitalization of $120.41 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. The company has a quick ratio of 0.85, a current ratio of 1.03 and a debt-to-equity ratio of 1.07. Union Pacific Co. has a twelve month low of $108.71 and a twelve month high of $165.63.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.04. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 EPS. As a group, equities analysts anticipate that Union Pacific Co. will post 7.77 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s payout ratio is 55.27%.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
See Also: Intrinsic Value
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