Cutler Investment Counsel LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 2.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,573 shares of the railroad operator’s stock after selling 1,188 shares during the quarter. Cutler Investment Counsel LLC’s holdings in Union Pacific were worth $6,572,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. 1ST Source Bank grew its stake in Union Pacific by 1.6% in the 2nd quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock valued at $641,000 after acquiring an additional 61 shares during the period. Capital Investment Advisory Services LLC lifted its holdings in Union Pacific by 1.8% in the 3rd quarter. Capital Investment Advisory Services LLC now owns 3,368 shares of the railroad operator’s stock valued at $546,000 after purchasing an additional 61 shares in the last quarter. Cresset Asset Management LLC lifted its holdings in Union Pacific by 0.5% in the 2nd quarter. Cresset Asset Management LLC now owns 13,308 shares of the railroad operator’s stock valued at $2,251,000 after purchasing an additional 63 shares in the last quarter. MONECO Advisors LLC lifted its holdings in Union Pacific by 2.0% in the 3rd quarter. MONECO Advisors LLC now owns 3,247 shares of the railroad operator’s stock valued at $526,000 after purchasing an additional 63 shares in the last quarter. Finally, Moloney Securities Asset Management LLC lifted its holdings in Union Pacific by 1.2% in the 3rd quarter. Moloney Securities Asset Management LLC now owns 5,378 shares of the railroad operator’s stock valued at $871,000 after purchasing an additional 65 shares in the last quarter. 77.69% of the stock is currently owned by institutional investors and hedge funds.
Union Pacific stock opened at $177.19 on Thursday. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.72 and a current ratio of 0.89. The firm has a market capitalization of $124.89 billion, a price-to-earnings ratio of 22.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $128.08 and a fifty-two week high of $180.54. The stock’s fifty day moving average is $170.37 and its two-hundred day moving average is $168.90.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 17th. The railroad operator reported $2.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $2.29 by ($0.07). The firm had revenue of $5.52 billion during the quarter, compared to analyst estimates of $5.65 billion. Union Pacific had a net margin of 27.28% and a return on equity of 32.65%. The firm’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period last year, the company posted $2.15 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 8.52 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.19%. The ex-dividend date is Wednesday, November 27th. Union Pacific’s dividend payout ratio (DPR) is 49.05%.
A number of brokerages have weighed in on UNP. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. TD Securities reduced their price target on Union Pacific from $175.00 to $170.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Morgan Stanley reduced their price target on Union Pacific from $138.00 to $136.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Credit Suisse Group lifted their price target on Union Pacific from $182.00 to $185.00 and gave the stock an “outperform” rating in a report on Friday, October 18th. Finally, Bank of America reduced their price target on Union Pacific from $179.00 to $167.00 and set a “neutral” rating on the stock in a report on Tuesday, October 8th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. Union Pacific presently has a consensus rating of “Buy” and an average target price of $178.67.
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.
Recommended Story: Understanding Average Daily Trade Volume
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.