Chesley Taft & Associates LLC cut its holdings in Union Pacific Co. (NYSE:UNP) by 1.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 48,668 shares of the railroad operator’s stock after selling 685 shares during the quarter. Chesley Taft & Associates LLC’s holdings in Union Pacific were worth $7,925,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of UNP. Arrow Financial Corp boosted its position in Union Pacific by 2.3% during the 3rd quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock worth $2,442,000 after acquiring an additional 339 shares during the last quarter. Fluent Financial LLC boosted its position in Union Pacific by 11.4% during the 2nd quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock worth $497,000 after acquiring an additional 358 shares during the last quarter. Summit Trail Advisors LLC boosted its position in Union Pacific by 11.5% during the 1st quarter. Summit Trail Advisors LLC now owns 3,504 shares of the railroad operator’s stock worth $478,000 after acquiring an additional 360 shares during the last quarter. Winthrop Partners WNY LLC boosted its position in Union Pacific by 7.7% during the 1st quarter. Winthrop Partners WNY LLC now owns 5,080 shares of the railroad operator’s stock worth $661,000 after acquiring an additional 364 shares during the last quarter. Finally, Whittier Trust Co. boosted its position in Union Pacific by 0.7% during the 2nd quarter. Whittier Trust Co. now owns 49,496 shares of the railroad operator’s stock worth $7,013,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the sale, the executive vice president now owns 53,978 shares in the company, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by corporate insiders.
UNP opened at $152.65 on Friday. Union Pacific Co. has a 1-year low of $108.71 and a 1-year high of $165.63. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $120.41 billion, a P/E ratio of 26.36, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81.
Union Pacific (NYSE:UNP) last posted its quarterly 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. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same quarter in the prior year, the business earned $1.45 EPS. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts expect that Union Pacific Co. will post 7.77 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were paid a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Thursday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s dividend payout ratio is 55.27%.
UNP has been the subject of a number of recent research reports. Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Cowen reiterated a “hold” rating and set a $151.00 price objective on shares of Union Pacific in a research note on Tuesday, September 18th. Credit Suisse Group upped their price objective on Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Barclays reiterated a “buy” rating and set a $180.00 price objective on shares of Union Pacific in a research note on Wednesday, September 26th. Finally, Bank of America upped their price objective on Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Union Pacific currently has an average rating of “Hold” and an average target price of $160.94.
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.
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