KG&L Capital Management LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 29.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,829 shares of the railroad operator’s stock after selling 1,584 shares during the period. KG&L Capital Management LLC’s holdings in Union Pacific were worth $620,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Janney Montgomery Scott LLC lifted its holdings in shares of Union Pacific by 13.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 135,942 shares of the railroad operator’s stock valued at $22,989,000 after acquiring an additional 16,477 shares during the last quarter. First Foundation Advisors lifted its holdings in shares of Union Pacific by 164.1% in the 2nd quarter. First Foundation Advisors now owns 5,237 shares of the railroad operator’s stock valued at $886,000 after acquiring an additional 3,254 shares during the last quarter. Dakota Wealth Management lifted its holdings in shares of Union Pacific by 51.6% in the 2nd quarter. Dakota Wealth Management now owns 6,875 shares of the railroad operator’s stock valued at $1,163,000 after acquiring an additional 2,340 shares during the last quarter. Cerebellum GP LLC lifted its holdings in shares of Union Pacific by 6.0% in the 1st quarter. Cerebellum GP LLC now owns 2,051 shares of the railroad operator’s stock valued at $343,000 after acquiring an additional 116 shares during the last quarter. Finally, Edgestream Partners L.P. lifted its holdings in shares of Union Pacific by 666.8% in the 2nd quarter. Edgestream Partners L.P. now owns 88,678 shares of the railroad operator’s stock valued at $14,996,000 after acquiring an additional 77,113 shares during the last quarter. 77.77% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently commented on UNP shares. Cowen reaffirmed a “buy” rating and issued a $184.00 price target on shares of Union Pacific in a report on Thursday, July 18th. Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and increased their price target for the company from $175.00 to $195.00 in a report on Friday, July 26th. UBS Group reduced their price objective on shares of Union Pacific from $201.00 to $193.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Zacks Investment Research raised shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective on the stock in a research report on Monday, July 22nd. Finally, Sanford C. Bernstein set a $177.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Union Pacific currently has an average rating of “Buy” and an average target price of $182.15.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 9.96% of the company’s stock.
Union Pacific stock traded up $5.62 during midday trading on Friday, reaching $161.39. The stock had a trading volume of 4,844,204 shares, compared to its average volume of 3,470,990. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 52-week low of $128.08 and a 52-week high of $180.54. The firm has a market cap of $106.72 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07. The company has a fifty day moving average of $162.43 and a 200 day moving average of $168.88.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The company’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same period last year, the company posted $1.98 earnings per share. Equities research analysts predict that Union Pacific Co. will post 8.83 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.40%. Union Pacific’s dividend payout ratio (DPR) is 49.05%.
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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