HBW Advisory Services LLC purchased a new stake in shares of Union Pacific Co. (NYSE:UNP) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 13,054 shares of the railroad operator’s stock, valued at approximately $2,080,000. Union Pacific comprises approximately 2.0% of HBW Advisory Services LLC’s investment portfolio, making the stock its 17th largest holding.
A number of other hedge funds also recently made changes to their positions in the business. Krane Funds Advisors LLC bought a new position in shares of Union Pacific during the second quarter valued at $25,000. River & Mercantile Asset Management LLP bought a new position in shares of Union Pacific during the second quarter valued at $29,000. Mackey Komara & Dankovich LLC lifted its holdings in shares of Union Pacific by 549.7% during the second quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 951 shares during the period. Transamerica Financial Advisors Inc. bought a new position in shares of Union Pacific during the second quarter valued at $31,000. Finally, Virtus ETF Advisers LLC bought a new position in shares of Union Pacific during the second quarter valued at $32,000. Institutional investors own 77.77% of the company’s stock.
Shares of Union Pacific stock traded up $4.57 during trading on Friday, reaching $160.34. The company’s stock had a trading volume of 928,886 shares, compared to its average volume of 3,470,990. The stock has a 50-day moving average price of $162.43 and a two-hundred day moving average price of $168.88. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54. The stock has a market capitalization of $106.72 billion, a P/E ratio of 20.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.07.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The business had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the business posted $1.98 earnings per share. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Union Pacific Co. will post 8.83 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.42%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date was Thursday, August 29th. Union Pacific’s payout ratio is currently 49.05%.
A number of research analysts have issued reports on UNP shares. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $190.00 to $170.00 in a report on Thursday, June 13th. Loop Capital lifted their price objective on Union Pacific to $191.00 in a report on Friday, July 19th. Deutsche Bank lifted their price objective on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a report on Friday, July 19th. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective for the company in a report on Monday, July 22nd. Finally, Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $182.15.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 9.96% of the stock is owned by company insiders.
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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