Ballast Inc. reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 4.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,777 shares of the railroad operator’s stock after selling 180 shares during the period. Ballast Inc.’s holdings in Union Pacific were worth $682,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Selective Wealth Management Inc. bought a new stake in Union Pacific in the 3rd quarter valued at $25,000. Candriam Luxembourg S.C.A. raised its stake in shares of Union Pacific by 10.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock valued at $27,000 after buying an additional 14,927 shares in the last quarter. River & Mercantile Asset Management LLP acquired a new position in shares of Union Pacific in the 2nd quarter valued at $29,000. Financial Gravity Wealth Inc. raised its stake in shares of Union Pacific by 78.8% in the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock valued at $30,000 after buying an additional 82 shares in the last quarter. Finally, Bourgeon Capital Management LLC acquired a new position in shares of Union Pacific in the 3rd quarter valued at $30,000. 77.55% of the stock is owned by institutional investors and hedge funds.
In other Union Pacific news, EVP Elizabeth F. Whited sold 5,342 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $171.62, for a total transaction of $916,794.04. Following the sale, the executive vice president now owns 63,021 shares of the company’s stock, valued at approximately $10,815,664.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 9.96% of the stock is owned by corporate insiders.
Shares of Union Pacific stock traded up $1.13 during mid-day trading on Tuesday, reaching $181.03. 936,694 shares of the stock were exchanged, compared to its average volume of 2,434,962. The company has a market cap of $123.53 billion, a price-to-earnings ratio of 22.89, a price-to-earnings-growth ratio of 1.88 and a beta of 1.08. The company has a current ratio of 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The firm has a 50-day simple moving average of $177.61 and a 200 day simple moving average of $170.49. Union Pacific Co. has a fifty-two week low of $149.09 and a fifty-two week high of $182.38.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.07). Union Pacific had a return on equity of 32.65% and a net margin of 27.28%. The firm had revenue of $5.52 billion for the quarter, compared to analyst estimates of $5.65 billion. During the same quarter last year, the business earned $2.15 EPS. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, research analysts predict that Union Pacific Co. will post 8.49 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Friday, November 29th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date was Wednesday, November 27th. Union Pacific’s dividend payout ratio is currently 49.05%.
A number of equities analysts have recently issued reports on UNP shares. Morgan Stanley increased their price objective on shares of Union Pacific from $136.00 to $139.00 and gave the company an “underweight” rating in a research note on Monday, January 6th. Wells Fargo & Co started coverage on shares of Union Pacific in a research note on Monday, October 28th. They issued a “market perform” rating and a $162.00 price objective for the company. Cowen restated a “buy” rating and issued a $172.00 price objective on shares of Union Pacific in a research note on Thursday, October 17th. Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday. Finally, Bank of America upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. Union Pacific has a consensus rating of “Hold” and an average target price of $180.68.
Union Pacific Company Profile
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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