Union Pacific Co. (UNP) Shares Sold by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 96,776 shares of the railroad operator’s stock after selling 6,511 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Union Pacific were worth $15,758,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tdam USA Inc. increased its stake in shares of Union Pacific by 1.1% in the third quarter. Tdam USA Inc. now owns 40,070 shares of the railroad operator’s stock valued at $5,970,000 after buying an additional 425 shares during the period. Private Advisor Group LLC increased its stake in shares of Union Pacific by 46.4% in the third quarter. Private Advisor Group LLC now owns 35,185 shares of the railroad operator’s stock valued at $5,729,000 after buying an additional 11,159 shares during the period. Andesa Financial Management Inc. increased its stake in shares of Union Pacific by 6.3% in the third quarter. Andesa Financial Management Inc. now owns 11,025 shares of the railroad operator’s stock valued at $1,795,000 after buying an additional 650 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of Union Pacific by 4.5% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 152,641 shares of the railroad operator’s stock valued at $24,853,000 after buying an additional 6,560 shares during the period. Finally, Summit X LLC increased its stake in shares of Union Pacific by 138.5% in the third quarter. Summit X LLC now owns 3,466 shares of the railroad operator’s stock valued at $567,000 after buying an additional 2,013 shares during the period. 80.80% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have recently issued reports on UNP shares. Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Barclays reaffirmed a “buy” rating and issued a $180.00 price objective on shares of Union Pacific in a research note on Wednesday, September 26th. Credit Suisse Group upped their price objective on Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a research note on Thursday, September 20th. Bank of America upped their price objective on Union Pacific from $175.00 to $177.00 and gave the company a “buy” rating in a research note on Monday, October 1st. Finally, Cowen reaffirmed a “hold” rating and issued a $151.00 price objective on shares of Union Pacific in a research note on Tuesday, September 18th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $161.44.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction that occurred on Monday, September 24th. The stock was 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 directly owns 106,518 shares in the company, valued at approximately $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now owns 53,978 shares in the company, valued at $8,189,542.16. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

Shares of UNP stock opened at $148.57 on Tuesday. Union Pacific Co. has a one year low of $115.16 and a one year high of $165.63. The company has a market capitalization of $109.46 billion, a P/E ratio of 25.66, a P/E/G ratio of 1.78 and a beta of 0.95. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01.

Union Pacific (NYSE:UNP) last announced 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. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. The business had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, sell-side analysts anticipate that Union Pacific Co. will post 7.84 EPS for the current fiscal year.

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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.

Further Reading: Are Wall Street analysts’ stock ratings worth following?

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

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