Hartford Financial Management Inc. boosted its holdings in Union Pacific Co. (NYSE:UNP) by 0.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,759 shares of the railroad operator’s stock after buying an additional 71 shares during the quarter. Hartford Financial Management Inc.’s holdings in Union Pacific were worth $3,102,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Toth Financial Advisory Corp raised its holdings in Union Pacific by 8.8% during the 3rd quarter. Toth Financial Advisory Corp now owns 680 shares of the railroad operator’s stock worth $134,000 after purchasing an additional 55 shares during the last quarter. Wallington Asset Management LLC raised its holdings in Union Pacific by 0.6% during the 3rd quarter. Wallington Asset Management LLC now owns 43,642 shares of the railroad operator’s stock worth $8,592,000 after purchasing an additional 240 shares during the last quarter. Granite Investment Advisors LLC raised its holdings in Union Pacific by 26.8% during the 3rd quarter. Granite Investment Advisors LLC now owns 2,985 shares of the railroad operator’s stock worth $588,000 after purchasing an additional 630 shares during the last quarter. Brookmont Capital Management bought a new position in Union Pacific during the 3rd quarter worth approximately $217,000. Finally, IFM Investors Pty Ltd raised its holdings in Union Pacific by 11.1% during the 3rd quarter. IFM Investors Pty Ltd now owns 56,215 shares of the railroad operator’s stock worth $11,067,000 after purchasing an additional 5,632 shares during the last quarter. Institutional investors and hedge funds own 78.16% of the company’s stock.
Several research firms have issued reports on UNP. Raymond James raised their price target on shares of Union Pacific from $198.00 to $227.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 29th. Benchmark raised their price target on shares of Union Pacific from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, September 24th. Bank of America raised their price target on shares of Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a report on Wednesday, September 30th. Barclays raised their price objective on shares of Union Pacific from $165.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Friday, July 24th. Finally, Stifel Nicolaus raised their price objective on shares of Union Pacific from $172.00 to $175.00 and gave the stock a “hold” rating in a research report on Wednesday, July 29th. One equities research 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 company. Union Pacific has an average rating of “Buy” and a consensus target price of $184.04.
In other news, EVP Elizabeth F. Whited sold 5,376 shares of Union Pacific stock in a transaction on Friday, September 11th. The stock was sold at an average price of $195.51, for a total transaction of $1,051,061.76. Following the sale, the executive vice president now directly owns 62,558 shares in the company, valued at approximately $12,230,714.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction 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 owns 74,648 shares in the company, valued at $14,466,035.92. The disclosure for this sale can be found here. Insiders have sold a total of 7,876 shares of company stock worth $1,530,542 over the last quarter. Company insiders own 0.20% of the company’s stock.
UNP traded up $1.04 during mid-day trading on Friday, reaching $209.85. 3,329,468 shares of the stock were exchanged, compared to its average volume of 3,587,916. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.96. The stock has a market capitalization of $142.45 billion, a PE 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 two-hundred day moving average price of $174.66. Union Pacific Co. has a 1 year low of $105.08 and a 1 year high of $210.95.
Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.56 by $0.11. The firm had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.34 billion. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The business’s revenue for the quarter was down 24.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.22 EPS. Sell-side analysts expect that Union Pacific Co. will post 7.8 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were paid a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, August 28th. Union Pacific’s payout ratio is 46.30%.
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.
Read More: Bear Market – How and Why They Occur
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.