BLB&B Advisors LLC Boosts Stake in Union Pacific Co. (UNP)

BLB&B Advisors LLC raised its stake in Union Pacific Co. (NYSE:UNP) by 9.7% in the third quarter, Holdings Channel reports. The fund owned 4,222 shares of the railroad operator’s stock after purchasing an additional 374 shares during the quarter. BLB&B Advisors LLC’s holdings in Union Pacific were worth $687,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Morgan Stanley lifted its holdings in shares of Union Pacific by 2.8% in the second quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock worth $2,130,275,000 after acquiring an additional 413,967 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of Union Pacific by 55.7% in the second quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after acquiring an additional 1,977,446 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Union Pacific by 1.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock worth $724,075,000 after acquiring an additional 91,243 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Union Pacific by 1.9% in the second quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock worth $526,898,000 after acquiring an additional 68,502 shares during the last quarter. Finally, Egerton Capital UK LLP raised its holdings in Union Pacific by 0.3% in the 2nd quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock valued at $464,595,000 after buying an additional 10,130 shares during the last quarter. 80.43% of the stock is owned by hedge funds and other institutional investors.

UNP has been the subject of a number of research reports. Bank of America raised their price objective on shares of Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a report on Wednesday, July 18th. UBS Group raised their price objective on shares of Union Pacific from $160.00 to $161.00 and gave the company a “buy” rating in a report on Friday, July 20th. ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $160.94.

In other news, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction that occurred on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the sale, 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. Company insiders own 0.20% of the company’s stock.

NYSE:UNP opened at $152.65 on Friday. The company has a market cap of $120.41 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85. Union Pacific Co. has a fifty-two week low of $108.71 and a fifty-two week high of $165.63.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 51.31% and a return on equity of 23.63%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.45 EPS. On average, sell-side analysts expect that Union Pacific Co. will post 7.77 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were given a dividend of $0.80 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, August 30th. This represents a $3.20 annualized dividend and a dividend yield of 2.10%. Union Pacific’s dividend payout ratio (DPR) is 55.27%.

Union Pacific 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.

Featured Article: Dividend Aristocrat Index

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).

Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply