Smith Chas P & Associates PA Cpas reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 29.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,601 shares of the railroad operator’s stock after selling 667 shares during the period. Smith Chas P & Associates PA Cpas’ holdings in Union Pacific were worth $261,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of the stock. Canada Pension Plan Investment Board increased its position in Union Pacific by 5.2% in the third quarter. Canada Pension Plan Investment Board now owns 3,912,606 shares of the railroad operator’s stock worth $637,090,000 after buying an additional 193,678 shares during the period. Winslow Capital Management LLC increased its position in Union Pacific by 25.6% in the third quarter. Winslow Capital Management LLC now owns 2,458,447 shares of the railroad operator’s stock worth $400,310,000 after buying an additional 500,492 shares during the period. Crawford Investment Counsel Inc. acquired a new stake in Union Pacific in the third quarter worth $221,000. Ontario Teachers Pension Plan Board increased its holdings in shares of Union Pacific by 20.1% during the third quarter. Ontario Teachers Pension Plan Board now owns 8,939 shares of the railroad operator’s stock valued at $1,456,000 after purchasing an additional 1,499 shares during the period. Finally, CIBC World Markets Inc. increased its holdings in shares of Union Pacific by 1.2% during the third quarter. CIBC World Markets Inc. now owns 148,951 shares of the railroad operator’s stock valued at $24,254,000 after purchasing an additional 1,701 shares during the period. 80.15% of the stock is currently owned by institutional investors and hedge funds.
Shares of UNP stock opened at $143.54 on Monday. Union Pacific Co. has a fifty-two week low of $115.69 and a fifty-two week high of $165.63. The stock has a market cap of $105.76 billion, a P/E ratio of 24.79, a PEG ratio of 1.72 and a beta of 0.95. The company has a quick ratio of 0.89, a current ratio of 1.06 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 earnings per share 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 during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter last year, the business posted $1.50 earnings per share. As a group, sell-side analysts predict that Union Pacific Co. will post 7.84 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be paid a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 2.23%. Union Pacific’s dividend payout ratio is currently 55.27%.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now owns 106,518 shares in the company, valued at approximately $17,448,713.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
UNP has been the topic of a number of research analyst reports. Credit Suisse Group raised their price target on Union Pacific from $167.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Monday, November 19th. Morgan Stanley raised their price target on Union Pacific from $140.00 to $141.00 and gave the company a “hold” rating in a report on Tuesday, October 9th. Bank of America raised their price target on Union Pacific from $175.00 to $177.00 and gave the company a “buy” rating in a report on Monday, October 1st. Finally, BMO Capital Markets raised their price target on Union Pacific to $180.00 and gave the company an “outperform” rating in a report on Thursday, September 20th. One analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $164.47.
Union Pacific Company 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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