Charter Trust Co. trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,825 shares of the railroad operator’s stock after selling 400 shares during the quarter. Charter Trust Co.’s holdings in Union Pacific were worth $949,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. PCJ Investment Counsel Ltd. raised its holdings in shares of Union Pacific by 13.3% during the third quarter. PCJ Investment Counsel Ltd. now owns 8,500 shares of the railroad operator’s stock worth $1,384,000 after purchasing an additional 1,000 shares during the period. King Luther Capital Management Corp increased its holdings in shares of Union Pacific by 3.3% in the 3rd quarter. King Luther Capital Management Corp now owns 1,169,045 shares of the railroad operator’s stock worth $190,356,000 after acquiring an additional 37,493 shares during the period. Sanchez Wealth Management Group acquired a new stake in shares of Union Pacific in the 3rd quarter worth about $200,000. WEALTHFRONT Corp increased its holdings in shares of Union Pacific by 4.6% in the 3rd quarter. WEALTHFRONT Corp now owns 28,993 shares of the railroad operator’s stock worth $4,721,000 after acquiring an additional 1,278 shares during the period. Finally, Highbridge Capital Management LLC acquired a new stake in shares of Union Pacific in the 3rd quarter worth about $5,145,000. Hedge funds and other institutional investors own 79.42% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the transaction, the executive vice president now owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.20% of the stock is currently owned by company insiders.
Union Pacific stock opened at $147.45 on Friday. The stock has a market cap of $112.75 billion, a price-to-earnings ratio of 25.47, a P/E/G ratio of 1.83 and a beta of 0.94. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.89 and a current ratio of 1.06. Union Pacific Co. has a 52 week low of $121.22 and a 52 week high of $165.63.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same quarter last year, the company earned $1.50 EPS. As a group, research analysts forecast that Union Pacific Co. will post 7.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 2.17%. Union Pacific’s payout ratio is 55.27%.
A number of analysts recently weighed in on the stock. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 price objective on the stock in a report on Tuesday, November 20th. Deutsche Bank reaffirmed a “hold” rating on shares of Union Pacific in a report on Friday, September 7th. ValuEngine cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Morgan Stanley increased their price objective on shares of Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a report on Tuesday, October 9th. Finally, Cowen increased their price objective on shares of Union Pacific from $151.00 to $153.00 and gave the stock a “market perform” rating in a report on Friday, October 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $165.24.
About Union Pacific
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.
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