Court Place Advisors LLC cut its position in Union Pacific Co. (NYSE:UNP) by 1.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,458 shares of the railroad operator’s stock after selling 98 shares during the quarter. Court Place Advisors LLC’s holdings in Union Pacific were worth $1,468,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. NuWave Investment Management LLC acquired a new stake in Union Pacific during the 2nd quarter worth approximately $26,000. Hoover Financial Advisors Inc. acquired a new stake in Union Pacific during the 2nd quarter worth approximately $29,000. Your Advocates Ltd. LLP lifted its position in 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 acquiring an additional 60 shares during the period. Evolution Wealth Advisors LLC lifted its position in Union Pacific by 196.8% during the 3rd quarter. Evolution Wealth Advisors LLC now owns 187 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 124 shares during the period. Finally, Provident Wealth Management LLC acquired a new stake in Union Pacific during the 3rd quarter worth approximately $44,000. 78.16% of the stock is owned by hedge funds and other institutional investors.
NYSE UNP traded down $5.13 during mid-day trading on Tuesday, hitting $179.57. The stock had a trading volume of 4,443,417 shares, compared to its average volume of 3,601,049. Union Pacific Co. has a 52-week low of $105.08 and a 52-week high of $210.95. The company has a market cap of $121.01 billion, a price-to-earnings ratio of 22.36, a P/E/G ratio of 2.59 and a beta of 1.02. The company has a 50 day simple moving average of $198.87 and a 200 day simple moving average of $177.58. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 2.16%. The ex-dividend date of this dividend was Friday, August 28th. Union Pacific’s payout ratio is 46.30%.
A number of analysts have weighed in on UNP shares. Raymond James decreased their price objective on Union Pacific from $227.00 to $220.00 and set a “strong-buy” rating for the company in a research report on Friday. Bank of America increased their price objective on Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Stifel Nicolaus increased their target price on Union Pacific from $172.00 to $175.00 and gave the stock a “hold” rating in a research note on Wednesday, July 29th. Barclays increased their target price 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. Finally, Robert W. Baird raised Union Pacific from a “neutral” rating to an “outperform” rating and set a $220.00 target price for the company in a research note on Monday, August 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $184.63.
In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $193.79, for a total transaction of $193,790.00. Following the completion of the transaction, the chief financial officer now owns 74,648 shares of the company’s stock, valued at $14,466,035.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth F. Whited sold 5,376 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $195.51, for a total value of $1,051,061.76. Following the transaction, the executive vice president now directly owns 62,558 shares of the company’s stock, valued at approximately $12,230,714.58. The disclosure for this sale can be found here. Insiders have sold 7,876 shares of company stock valued at $1,530,542 in the last three months. 0.20% of the stock is currently owned by company insiders.
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 to grain processors, animal feeders, ethanol producers, and other agricultural users; 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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