Union Pacific Co. (UNP) Holdings Trimmed by Eagle Asset Management Inc.
Eagle Asset Management Inc. trimmed its position in Union Pacific Co. (NYSE:UNP) by 6.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 390,808 shares of the railroad operator’s stock after selling 28,598 shares during the quarter. Eagle Asset Management Inc.’s holdings in Union Pacific were worth $63,635,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Landaas & Co. WI ADV acquired a new stake in shares of Union Pacific during the second quarter worth $133,000. grace capital acquired a new stake in shares of Union Pacific during the second quarter worth $142,000. Exane Derivatives lifted its stake in shares of Union Pacific by 85.1% during the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock worth $155,000 after buying an additional 504 shares during the period. Brand Asset Management Group Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $169,000. Finally, Parkside Investments LLC acquired a new stake in shares of Union Pacific during the third quarter worth $185,000. Institutional investors own 80.96% of the company’s stock.
In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the completion of the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The disclosure for this sale can be found here. Company insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.10 by $0.05. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. The firm had revenue of $5.93 billion during the quarter, compared to analysts’ expectations of $5.88 billion. During the same quarter last year, the company posted $1.50 earnings per share. As a group, equities analysts anticipate that Union Pacific Co. will post 7.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a dividend of $0.80 per share. The ex-dividend date is Thursday, November 29th. This represents a $3.20 annualized dividend and a dividend yield of 2.11%. Union Pacific’s dividend payout ratio (DPR) is presently 55.27%.
UNP has been the subject of several research reports. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. Barclays reiterated a “buy” rating and set a $180.00 price objective on shares of Union Pacific in a research note on Wednesday, September 26th. Morgan Stanley downgraded shares of Union Pacific from an “equal weight” rating to an “underweight” rating and lowered their price objective for the stock from $141.00 to $134.00 in a research note on Monday, October 22nd. Credit Suisse Group lifted their price objective on shares of Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Finally, Bank of America lifted their price objective on shares of Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have given a buy rating to the company. Union Pacific has a consensus rating of “Buy” and a consensus target price of $164.88.
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About Union Pacific
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.
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