Pittenger & Anderson Inc. Sells 73,202 Shares of Union Pacific Corporation $UNP

Pittenger & Anderson Inc. reduced its stake in shares of Union Pacific Corporation (NYSE:UNPFree Report) by 75.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,753 shares of the railroad operator’s stock after selling 73,202 shares during the quarter. Pittenger & Anderson Inc.’s holdings in Union Pacific were worth $5,614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Envestnet Portfolio Solutions Inc. raised its position in Union Pacific by 10.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 93,337 shares of the railroad operator’s stock valued at $21,475,000 after purchasing an additional 8,925 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its position in shares of Union Pacific by 26.4% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 23,875 shares of the railroad operator’s stock worth $5,494,000 after purchasing an additional 4,980 shares in the last quarter. Union Bancaire Privee UBP SA grew its stake in shares of Union Pacific by 9.8% during the third quarter. Union Bancaire Privee UBP SA now owns 52,849 shares of the railroad operator’s stock valued at $12,492,000 after purchasing an additional 4,707 shares during the last quarter. CX Institutional raised its position in Union Pacific by 39.8% in the 3rd quarter. CX Institutional now owns 65,826 shares of the railroad operator’s stock worth $15,559,000 after purchasing an additional 18,742 shares during the last quarter. Finally, Pacific Capital Partners Ltd acquired a new position in Union Pacific during the 3rd quarter worth $1,664,000. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a research report on Thursday, December 11th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $267.00 price target on shares of Union Pacific in a research note on Tuesday. BMO Capital Markets set a $255.00 target price on shares of Union Pacific in a research note on Wednesday, January 7th. Susquehanna restated a “buy” rating on shares of Union Pacific in a research report on Monday, January 19th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $258.32.

Read Our Latest Research Report on UNP

Union Pacific Price Performance

NYSE UNP opened at $233.51 on Friday. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $253.20. The firm’s 50 day moving average is $232.04 and its 200-day moving average is $226.80. The company has a market capitalization of $138.51 billion, a PE ratio of 19.51, a price-to-earnings-growth ratio of 2.62 and a beta of 0.99. The company has a quick ratio of 0.60, a current ratio of 0.91 and a debt-to-equity ratio of 1.64.

Union Pacific (NYSE:UNPGet Free Report) last issued its earnings results on Tuesday, January 27th. The railroad operator reported $2.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.92 by ($0.06). The firm had revenue of $6.09 billion during the quarter, compared to analyst estimates of $6.15 billion. Union Pacific had a net margin of 29.12% and a return on equity of 40.89%. The company’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter last year, the business posted $2.91 earnings per share. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed 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. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Union Pacific’s payout ratio is 46.12%.

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Union Pacific Profile

(Free Report)

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.

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

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