Armbruster Capital Management Inc. Has $232,000 Holdings in Union Pacific Co. (UNP)
Armbruster Capital Management Inc. trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 20.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,000 shares of the railroad operator’s stock after selling 506 shares during the period. Armbruster Capital Management Inc.’s holdings in Union Pacific were worth $232,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of UNP. First PREMIER Bank raised its position in shares of Union Pacific by 0.9% during the 2nd quarter. First PREMIER Bank now owns 29,988 shares of the railroad operator’s stock worth $3,266,000 after buying an additional 267 shares in the last quarter. American National Bank raised its position in shares of Union Pacific by 24.4% during the 2nd quarter. American National Bank now owns 1,782 shares of the railroad operator’s stock worth $194,000 after buying an additional 350 shares in the last quarter. Trust Co raised its position in shares of Union Pacific by 191.2% during the 1st quarter. Trust Co now owns 8,948 shares of the railroad operator’s stock worth $948,000 after buying an additional 5,875 shares in the last quarter. Beacon Financial Group raised its position in shares of Union Pacific by 8.0% during the 2nd quarter. Beacon Financial Group now owns 16,804 shares of the railroad operator’s stock worth $1,813,000 after buying an additional 1,239 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of Union Pacific during the 2nd quarter worth about $664,000. 78.45% of the stock is owned by hedge funds and other institutional investors.
UNP has been the topic of a number of recent analyst reports. Goldman Sachs Group initiated coverage on shares of Union Pacific in a research report on Monday, November 13th. They set a “sell” rating and a $103.00 price target on the stock. Morgan Stanley boosted their price target on shares of Union Pacific from $100.00 to $104.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 31st. Argus boosted their price target on shares of Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, October 31st. Zacks Investment Research downgraded shares of Union Pacific from a “hold” rating to a “sell” rating in a research report on Saturday, January 6th. Finally, UBS Group boosted their price target on shares of Union Pacific from $115.00 to $126.00 and gave the stock a “neutral” rating in a research report on Friday, October 27th. Four analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $122.65.
Union Pacific Co. (NYSE:UNP) opened at $141.17 on Friday. The firm has a market cap of $111,120.00, a P/E ratio of 24.99, a PEG ratio of 1.97 and a beta of 0.90. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. Union Pacific Co. has a 1 year low of $101.06 and a 1 year high of $141.81.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.01. The business had revenue of $5.41 billion for the quarter, compared to the consensus estimate of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the firm posted $1.36 earnings per share. research analysts predict that Union Pacific Co. will post 5.78 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were given a $0.665 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.61. This represents a $2.66 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, November 29th. Union Pacific’s dividend payout ratio (DPR) is 47.08%.
About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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