Asset Dedication LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 42.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 639 shares of the railroad operator’s stock after selling 479 shares during the quarter. Asset Dedication LLC’s holdings in Union Pacific were worth $126,000 at the end of the most recent quarter.
A number of other institutional investors have also modified their holdings of the stock. Thomasville National Bank grew its position in Union Pacific by 2.2% in the third quarter. Thomasville National Bank now owns 2,467 shares of the railroad operator’s stock worth $486,000 after acquiring an additional 52 shares during the period. Smith Moore & CO. grew its position in Union Pacific by 0.5% in the second quarter. Smith Moore & CO. now owns 11,411 shares of the railroad operator’s stock worth $1,929,000 after acquiring an additional 54 shares during the period. Mitchell Mcleod Pugh & Williams Inc. grew its position in Union Pacific by 0.6% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 9,016 shares of the railroad operator’s stock worth $1,524,000 after acquiring an additional 55 shares during the period. Toth Financial Advisory Corp grew its position in Union Pacific by 8.8% in the third quarter. Toth Financial Advisory Corp now owns 680 shares of the railroad operator’s stock worth $134,000 after acquiring an additional 55 shares during the period. Finally, CX Institutional grew its position in Union Pacific by 6.6% in the second quarter. CX Institutional now owns 940 shares of the railroad operator’s stock worth $159,000 after acquiring an additional 58 shares during the period. Institutional investors own 78.16% of the company’s stock.
UNP stock opened at $199.48 on Thursday. The stock has a market capitalization of $142.45 billion, a P/E ratio of 24.75, a PEG ratio of 2.65 and a beta of 1.02. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.96. Union Pacific Co. has a one year low of $105.08 and a one year high of $210.95. The company has a 50 day moving average price of $199.15 and a two-hundred day moving average price of $176.37.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were paid a $0.97 dividend. The ex-dividend date was Friday, August 28th. This represents a $3.88 annualized dividend and a yield of 1.95%. Union Pacific’s payout ratio is currently 46.30%.
A number of research firms have commented on UNP. Goldman Sachs Group upped their price target on Union Pacific from $182.00 to $205.00 and gave the stock a “buy” rating in a research note on Tuesday, September 1st. Argus upped their price target on Union Pacific from $175.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Barclays upped their price target on Union Pacific from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research note on Friday, July 24th. Stifel Nicolaus upped their price target on Union Pacific from $172.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Finally, Raymond James upped their price target on Union Pacific from $198.00 to $227.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 29th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus price target of $184.04.
In other news, EVP Elizabeth F. Whited sold 5,376 shares of the business’s stock in a transaction on Friday, September 11th. The shares were sold at an average price of $195.51, for a total transaction of $1,051,061.76. Following the completion of the sale, the executive vice president now directly owns 62,558 shares of the company’s stock, valued at approximately $12,230,714.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Todd M. Rynaski sold 1,500 shares of the business’s stock in a transaction on Friday, August 21st. The shares were sold at an average price of $190.46, for a total transaction of $285,690.00. Following the sale, the vice president now directly owns 10,550 shares of the company’s stock, valued at $2,009,353. The disclosure for this sale can be found here. Insiders sold a total of 7,876 shares of company stock valued at $1,530,542 over the last ninety days. 0.20% of the stock is owned by corporate insiders.
Union Pacific 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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