Matthew Goff Investment Advisor LLC lessened its stake in Union Pacific Co. (NYSE:UNP) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 35,619 shares of the railroad operator’s stock after selling 263 shares during the quarter. Union Pacific comprises about 1.5% of Matthew Goff Investment Advisor LLC’s holdings, making the stock its 23rd largest holding. Matthew Goff Investment Advisor LLC’s holdings in Union Pacific were worth $5,800,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commonwealth Bank of Australia boosted its holdings in Union Pacific by 9.2% in the 2nd quarter. Commonwealth Bank of Australia now owns 77,962 shares of the railroad operator’s stock worth $10,842,000 after acquiring an additional 6,562 shares during the period. Baldwin Brothers Inc. MA raised its position in shares of Union Pacific by 4.5% in the 3rd quarter. Baldwin Brothers Inc. MA now owns 76,173 shares of the railroad operator’s stock valued at $12,403,000 after purchasing an additional 3,251 shares in the last quarter. Parkside Investments LLC acquired a new position in shares of Union Pacific in the 3rd quarter valued at approximately $185,000. Morgan Stanley raised its position in shares of Union Pacific by 2.8% in the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after purchasing an additional 413,967 shares in the last quarter. Finally, Putnam Investments LLC raised its position in shares of Union Pacific by 44.9% in the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock valued at $361,853,000 after purchasing an additional 791,990 shares in the last quarter. Hedge funds and other institutional investors own 79.42% of the company’s stock.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s 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 sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
UNP stock opened at $147.45 on Friday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. The company has a market cap of $111.76 billion, a P/E ratio of 25.47, a PEG ratio of 1.81 and a beta of 0.94. Union Pacific Co. has a 12-month low of $121.22 and a 12-month high of $165.63.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.10 by $0.05. The business had revenue of $5.93 billion for the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same period in the prior year, the company posted $1.50 EPS. Sell-side analysts expect that Union Pacific Co. will post 7.85 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be given a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Thursday, November 29th. Union Pacific’s dividend payout ratio is currently 55.27%.
A number of equities analysts have issued reports on the company. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 target price on the stock in a research report on Tuesday, November 20th. Deutsche Bank reaffirmed a “hold” rating on shares of Union Pacific in a research report on Friday, September 7th. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, September 4th. Morgan Stanley upped their target price on Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a research report on Tuesday, October 9th. Finally, Cowen upped their target price on Union Pacific from $151.00 to $153.00 and gave the company a “market perform” rating in a research report on Friday, October 26th. One analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $165.24.
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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.
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