Headinvest LLC lessened its holdings in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 38.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,785 shares of the railroad operator’s stock after selling 1,111 shares during the quarter. Headinvest LLC’s holdings in Union Pacific were worth $348,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Tyler Stone Wealth Management lifted its stake in shares of Union Pacific by 85.5% during the 2nd quarter. Tyler Stone Wealth Management now owns 128 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the period. Grayhawk Investment Strategies Inc. purchased a new position in shares of Union Pacific in the 2nd quarter worth $40,000. Power Corp of Canada purchased a new position in shares of Union Pacific in the 1st quarter worth $40,000. Chilton Capital Management LLC acquired a new stake in Union Pacific in the 2nd quarter valued at $40,000. Finally, SJS Investment Consulting Inc. acquired a new stake in Union Pacific in the 3rd quarter valued at $44,000. Hedge funds and other institutional investors own 77.27% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. TD Securities lowered their target price on Union Pacific from $230.00 to $225.00 and set a “hold” rating for the company in a research note on Wednesday, January 25th. Bank of America upgraded Union Pacific from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $218.00 to $241.00 in a research note on Monday, February 27th. Royal Bank of Canada upgraded Union Pacific from an “underperform” rating to a “sector perform” rating and lifted their price target for the stock from $191.00 to $210.00 in a research note on Monday, February 27th. Wells Fargo & Company decreased their price target on Union Pacific from $205.00 to $200.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 4th. Finally, Barclays lifted their price target on Union Pacific from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 11th. Thirteen equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Hold” and a consensus price target of $218.60.
Union Pacific Trading Down 1.9 %
NYSE UNP traded down $3.69 on Wednesday, hitting $191.46. 3,689,716 shares of the stock were exchanged, compared to its average volume of 3,321,981. The company’s 50-day moving average price is $205.39 and its two-hundred day moving average price is $207.47. The company has a market capitalization of $117.15 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.71 and a beta of 1.10. Union Pacific Co. has a 52-week low of $183.70 and a 52-week high of $278.94. The company has a debt-to-equity ratio of 2.60, a current ratio of 0.72 and a quick ratio of 0.58.
Union Pacific (NYSE:UNP – Get Rating) last issued its earnings results on Tuesday, January 24th. The railroad operator reported $2.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.08). The company had revenue of $6.18 billion for the quarter, compared to analyst estimates of $6.26 billion. Union Pacific had a net margin of 28.13% and a return on equity of 58.41%. The company’s quarterly revenue was up 7.8% on a year-over-year basis. During the same period last year, the business earned $2.66 EPS. Research analysts predict that Union Pacific Co. will post 11.46 EPS for the current year.
Union Pacific Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Tuesday, February 28th will be paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Monday, February 27th. Union Pacific’s payout ratio is presently 46.35%.
Insider Activity at Union Pacific
In related news, EVP Elizabeth F. Whited sold 2,500 shares of Union Pacific stock in a transaction on Monday, February 27th. The shares were sold at an average price of $213.00, for a total value of $532,500.00. Following the completion of the sale, the executive vice president now owns 39,080 shares of the company’s stock, valued at approximately $8,324,040. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.28% of the stock is owned by company insiders.
About Union Pacific
Union Pacific Corp. engages in the provision of railroad and freight transportation services. The company was founded in 1969 and is headquartered in Omaha, NE.