DAVENPORT & Co LLC Cuts Holdings in Union Pacific Co. (NYSE:UNP)

DAVENPORT & Co LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 319,747 shares of the railroad operator’s stock after selling 2,627 shares during the period. DAVENPORT & Co LLC’s holdings in Union Pacific were worth $62,949,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Your Advocates Ltd. LLP increased its stake in Union Pacific by 100.0% in 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 last quarter. NuWave Investment Management LLC bought a new position in shares of Union Pacific in the 2nd quarter valued at about $26,000. Hoover Financial Advisors Inc. purchased a new position in Union Pacific in the second quarter worth about $29,000. Prestige Wealth Management Group LLC purchased a new position in Union Pacific in the first quarter worth about $32,000. Finally, Provident Wealth Management LLC bought a new stake in Union Pacific during the third quarter worth approximately $44,000. 78.16% of the stock is owned by institutional investors.

NYSE:UNP traded up $1.04 during midday trading on Friday, hitting $209.85. The company’s stock had a trading volume of 3,329,468 shares, compared to its average volume of 3,587,916. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $210.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.96 and a quick ratio of 0.84. The firm has a market cap of $142.45 billion, a P/E ratio of 26.04, a P/E/G ratio of 2.51 and a beta of 1.03. The firm’s 50 day moving average is $197.75 and its 200-day moving average is $174.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $1.67 EPS for the quarter, beating the consensus estimate of $1.56 by $0.11. Union Pacific had a net margin of 27.54% and a return on equity of 32.45%. The business had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.34 billion. During the same period in the prior year, the firm earned $2.22 EPS. The business’s revenue for the quarter was down 24.2% on a year-over-year basis. As a group, analysts forecast that Union Pacific Co. will post 7.8 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Friday, August 28th. Union Pacific’s payout ratio is 46.30%.

In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $193.79, for a total value 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Elizabeth F. Whited sold 5,376 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now 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 a total of 7,876 shares of company stock worth $1,530,542 over the last ninety days. 0.20% of the stock is owned by insiders.

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their price objective on shares of Union Pacific from $135.00 to $138.00 and gave the company an “equal weight” rating in a research report on Monday, October 5th. Argus raised their price objective on Union Pacific from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Credit Suisse Group upped their target price on Union Pacific from $195.00 to $202.00 and gave the stock an “outperform” rating in a report on Friday, July 24th. Bank of America increased their price target on Union Pacific from $198.00 to $220.00 and gave the stock a “buy” rating in a research report on Wednesday, September 30th. Finally, Benchmark raised their price target on Union Pacific from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, September 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $184.04.

Union Pacific Company 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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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