Oppenheimer & Co. Inc. Sells 4,935 Shares of Union Pacific Co. (UNP)
Oppenheimer & Co. Inc. decreased its stake in Union Pacific Co. (NYSE:UNP) by 6.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 66,554 shares of the railroad operator’s stock after selling 4,935 shares during the period. Oppenheimer & Co. Inc.’s holdings in Union Pacific were worth $7,718,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Mitsubishi UFJ Securities Holdings Co. Ltd. grew its stake in Union Pacific by 46.6% during the second quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,070 shares of the railroad operator’s stock worth $117,000 after purchasing an additional 340 shares during the period. Acrospire Investment Management LLC grew its stake in Union Pacific by 33.3% during the second quarter. Acrospire Investment Management LLC now owns 1,200 shares of the railroad operator’s stock worth $131,000 after purchasing an additional 300 shares during the period. Community Bank N.A. grew its stake in Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock worth $168,000 after purchasing an additional 45 shares during the period. Jacobi Capital Management LLC grew its stake in Union Pacific by 6.6% during the second quarter. Jacobi Capital Management LLC now owns 1,705 shares of the railroad operator’s stock worth $185,000 after purchasing an additional 105 shares during the period. Finally, Yorkville Capital Management LLC acquired a new stake in Union Pacific during the second quarter worth approximately $202,000. 78.47% of the stock is owned by institutional investors.
Shares of Union Pacific Co. (NYSE:UNP) opened at $140.31 on Wednesday. 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 one year low of $101.06 and a one year high of $142.19. The company has a market capitalization of $110,450.00, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.90 and a beta of 0.90.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Thursday, November 30th were issued a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s dividend payout ratio (DPR) is currently 47.08%.
UNP has been the subject of several recent analyst reports. BMO Capital Markets reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 20th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 target price for the company in a research note on Wednesday, November 1st. Argus raised their target price on Union Pacific from $125.00 to $130.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. Barclays reaffirmed a “buy” rating and set a $150.00 target price on shares of Union Pacific in a research note on Wednesday, December 13th. Finally, UBS Group raised Union Pacific from a “neutral” rating to a “buy” rating in a research note on Friday, January 5th. Three research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and eight have given a buy rating to the company. Union Pacific presently has a consensus rating of “Hold” and an average price target of $124.00.
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Union Pacific Company Profile
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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