Northwest Wealth Management LLC decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 27.0% during the third quarter, Holdings Channel reports. The fund owned 6,721 shares of the railroad operator’s stock after selling 2,481 shares during the period. Northwest Wealth Management LLC’s holdings in Union Pacific were worth $1,094,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of UNP. Arrow Financial Corp boosted its position in Union Pacific by 2.3% in the third quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock valued at $2,442,000 after buying an additional 339 shares during the last quarter. Fluent Financial LLC boosted its position in Union Pacific by 11.4% in the 2nd quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock worth $497,000 after purchasing an additional 358 shares in the last quarter. Summit Trail Advisors LLC boosted its position in Union Pacific by 11.5% in the 1st quarter. Summit Trail Advisors LLC now owns 3,504 shares of the railroad operator’s stock worth $478,000 after purchasing an additional 360 shares in the last quarter. Winthrop Partners WNY LLC boosted its position in Union Pacific by 7.7% in the 1st quarter. Winthrop Partners WNY LLC now owns 5,080 shares of the railroad operator’s stock worth $661,000 after purchasing an additional 364 shares in the last quarter. Finally, Whittier Trust Co. boosted its position in Union Pacific by 0.7% in the 2nd quarter. Whittier Trust Co. now owns 49,496 shares of the railroad operator’s stock worth $7,013,000 after purchasing an additional 368 shares in the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.
Shares of UNP stock opened at $152.65 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85. The company has a market cap of $120.41 billion, a PE ratio of 26.36, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. Union Pacific Co. has a 1-year low of $108.71 and a 1-year high of $165.63.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. The business had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.45 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 7.77 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Friday, August 31st were paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.10%. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, August 30th. Union Pacific’s dividend payout ratio is presently 55.27%.
Several equities research analysts have commented on the company. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research report on Monday, July 2nd. Credit Suisse Group lowered their price objective on Union Pacific from $169.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday, July 20th. Cowen restated a “hold” rating and issued a $151.00 price objective on shares of Union Pacific in a research report on Thursday, July 19th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Wednesday, July 18th. Finally, Morgan Stanley upped their price objective on Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $160.94.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
See Also: Tariff
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
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.