Evanson Asset Management LLC raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,372 shares of the railroad operator’s stock after purchasing an additional 150 shares during the quarter. Evanson Asset Management LLC’s holdings in Union Pacific were worth $708,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Krane Funds Advisors LLC acquired a new position in Union Pacific during the 2nd quarter valued at approximately $25,000. River & Mercantile Asset Management LLP purchased a new stake in shares of Union Pacific in the 2nd quarter valued at $29,000. Transamerica Financial Advisors Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter valued at $31,000. Virtus ETF Advisers LLC purchased a new stake in shares of Union Pacific in the 2nd quarter valued at $32,000. Finally, Manchester Financial Inc. purchased a new stake in shares of Union Pacific in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 77.77% of the company’s stock.
NYSE UNP traded up $5.65 during mid-day trading on Friday, reaching $161.42. 2,059,055 shares of the stock were exchanged, compared to its average volume of 3,470,990. The business’s 50 day moving average is $162.43 and its 200-day moving average is $168.88. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.54. The company has a market capitalization of $106.72 billion, a P/E ratio of 20.41, a P/E/G ratio of 1.72 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The firm had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.98 earnings per share. Equities analysts predict that Union Pacific Co. will post 8.83 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.40%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.
Several analysts have recently commented on the stock. Morgan Stanley dropped their price objective on shares of Union Pacific from $140.00 to $138.00 and set an “underweight” rating on the stock in a report on Monday. UBS Group dropped their price objective on shares of Union Pacific from $201.00 to $193.00 and set a “buy” rating on the stock in a report on Tuesday, September 17th. Goldman Sachs Group assumed coverage on shares of Union Pacific in a report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 price objective on the stock. Loop Capital upped their price objective on shares of Union Pacific to $191.00 in a report on Friday, July 19th. Finally, Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $175.00 to $195.00 in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the company. Union Pacific presently has an average rating of “Buy” and an average target price of $182.15.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 9.96% of the company’s stock.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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