Signaturefd LLC increased its position in Union Pacific Co. (NYSE:UNP) by 21.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,078 shares of the railroad operator’s stock after purchasing an additional 1,238 shares during the quarter. Signaturefd LLC’s holdings in Union Pacific were worth $1,147,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new position in shares of Union Pacific in the 2nd quarter valued at approximately $25,000. River & Mercantile Asset Management LLP purchased a new position in shares of Union Pacific in the 2nd quarter valued at approximately $29,000. Transamerica Financial Advisors Inc. purchased a new position in shares of Union Pacific in the 2nd quarter valued at approximately $31,000. Financial Gravity Wealth Inc. lifted 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 valued at $30,000 after purchasing an additional 82 shares during the period. Finally, Virtus ETF Advisers LLC purchased a new position in shares of Union Pacific in the 2nd quarter valued at approximately $32,000. Institutional investors own 77.82% of the company’s stock.
UNP has been the subject of a number of research analyst reports. Bank of America lowered their target price on Union Pacific from $179.00 to $167.00 and set a “neutral” rating for the company in a research note on Tuesday, October 8th. Credit Suisse Group set a $203.00 target price on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Cowen reaffirmed a “buy” rating and set a $184.00 price objective on shares of Union Pacific in a research report on Thursday, July 18th. Deutsche Bank raised their price objective on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Loop Capital raised their price objective on Union Pacific to $191.00 in a research report on Friday, July 19th. One equities 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. Union Pacific currently has an average rating of “Buy” and an average price target of $182.15.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of 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 filing with the SEC, which can be accessed through the SEC website. 9.96% of the stock is currently owned by company insiders.
UNP stock traded up $0.24 on Wednesday, reaching $163.38. 271,006 shares of the company traded hands, compared to its average volume of 3,684,148. The company has a market cap of $113.70 billion, a P/E ratio of 20.65, a price-to-earnings-growth ratio of 1.83 and a beta of 1.07. The firm has a fifty day simple moving average of $162.24 and a 200-day simple moving average of $168.88. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 8.83 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders 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 dividend on an annualized basis and a dividend yield of 2.37%. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
Union Pacific 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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