Tribridge Partners Financial LLC Sells 2,160 Shares of Union Pacific Corporation $UNP

Tribridge Partners Financial LLC lessened its stake in Union Pacific Corporation (NYSE:UNP) by 70.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 911 shares of the railroad operator’s stock after selling 2,160 shares during the quarter. Tribridge Partners Financial LLC’s holdings in Union Pacific were worth $214,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. CBIZ Investment Advisory Services LLC increased its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Howard Hughes Medical Institute bought a new position in Union Pacific during the 2nd quarter worth approximately $30,000. Financial Gravity Companies Inc. acquired a new position in Union Pacific during the second quarter valued at approximately $31,000. Total Investment Management Inc. bought a new stake in Union Pacific in the second quarter valued at approximately $31,000. Finally, Access Investment Management LLC bought a new stake in Union Pacific in the second quarter valued at approximately $32,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $233.67 on Wednesday. The stock has a 50-day moving average price of $229.22 and a two-hundred day moving average price of $227.20. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market cap of $138.60 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.75 earnings per share. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were given a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio is 46.90%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNP. Citigroup lifted their price target on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Susquehanna reissued a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. TD Cowen lowered their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. JPMorgan Chase & Co. raised their price target on Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Finally, Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the company from $214.00 to $227.00 in a report on Tuesday, September 16th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.