Surevest LLC grew its holdings in Union Pacific Co. (NYSE:UNP) by 3.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,946 shares of the railroad operator’s stock after buying an additional 576 shares during the quarter. Union Pacific comprises approximately 1.5% of Surevest LLC’s holdings, making the stock its 23rd largest holding. Surevest LLC’s holdings in Union Pacific were worth $3,730,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also made changes to their positions in the company. NuWave Investment Management LLC bought a new position in Union Pacific in the second quarter worth approximately $26,000. Hoover Financial Advisors Inc. bought a new position in shares of Union Pacific in the 2nd quarter worth $29,000. Your Advocates Ltd. LLP lifted its stake in shares of Union Pacific by 100.0% during the 2nd quarter. Your Advocates Ltd. LLP now owns 120 shares of the railroad operator’s stock worth $31,000 after purchasing an additional 60 shares during the last quarter. Prestige Wealth Management Group LLC bought a new stake in Union Pacific during the first quarter valued at about $32,000. Finally, Evolution Wealth Advisors LLC grew its stake in Union Pacific by 196.8% in the third quarter. Evolution Wealth Advisors LLC now owns 187 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 124 shares during the last quarter. 78.16% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently weighed in on the stock. BMO Capital Markets raised their price target on shares of Union Pacific from $190.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, July 24th. Argus lifted their price target on shares of Union Pacific from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Goldman Sachs Group increased their price objective on Union Pacific from $182.00 to $205.00 and gave the company a “buy” rating in a report on Tuesday, September 1st. Morgan Stanley boosted their target price on Union Pacific from $135.00 to $138.00 and gave the stock an “equal weight” rating in a research note on Monday, October 5th. Finally, Barclays upped their target price on Union Pacific from $165.00 to $170.00 and gave the company an “equal weight” rating in a research report on Friday, July 24th. 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 given a strong buy rating to the company. Union Pacific has a consensus rating of “Buy” and a consensus price target of $184.04.
Shares of UNP stock traded up $1.04 on Friday, hitting $209.85. The company had a trading volume of 3,329,468 shares, compared to its average volume of 3,587,916. Union Pacific Co. has a twelve month low of $105.08 and a twelve month high of $210.95. The company has a quick ratio of 0.84, a current ratio of 0.96 and a debt-to-equity ratio of 1.61. The firm has a market cap of $142.45 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.03. The company has a 50-day moving average price of $197.75 and a 200-day moving average price of $174.66.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $1.67 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.56 by $0.11. The company had revenue of $4.24 billion during the quarter, compared to the consensus estimate of $4.34 billion. Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. Union Pacific’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same period in the previous year, the company posted $2.22 earnings per share. Equities research analysts expect that Union Pacific Co. will post 7.8 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Monday, August 31st were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date of this dividend was Friday, August 28th. Union Pacific’s dividend payout ratio (DPR) is presently 46.30%.
In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $193.79, for a total value of $193,790.00. Following the sale, the chief financial officer now directly owns 74,648 shares of the company’s stock, valued at $14,466,035.92. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Elizabeth F. Whited sold 5,376 shares of the business’s stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $195.51, for a total value of $1,051,061.76. Following the completion of the sale, the executive vice president now owns 62,558 shares of the company’s stock, valued at $12,230,714.58. The disclosure for this sale can be found here. Insiders have sold 7,876 shares of company stock worth $1,530,542 over the last three months. 0.20% of the stock is currently owned by 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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