HBK Sorce Advisory LLC Sells 2,421 Shares of Union Pacific Corporation $UNP

HBK Sorce Advisory LLC cut its holdings in Union Pacific Corporation (NYSE:UNP) by 18.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,697 shares of the railroad operator’s stock after selling 2,421 shares during the period. HBK Sorce Advisory LLC’s holdings in Union Pacific were worth $2,489,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in UNP. CBIZ Investment Advisory Services LLC grew its position in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the period. Howard Hughes Medical Institute acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $30,000. Financial Gravity Companies Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth about $31,000. Total Investment Management Inc. acquired a new position in Union Pacific in the 2nd quarter valued at about $31,000. Finally, Access Investment Management LLC acquired a new stake in Union Pacific during the 2nd quarter worth approximately $32,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Down 0.2%

Shares of NYSE:UNP opened at $234.10 on Wednesday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. The business’s 50-day moving average is $227.16 and its 200-day moving average is $226.53. The company has a market capitalization of $138.86 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 2.73 and a beta of 0.99.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The company had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.75 EPS. Equities research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s payout ratio is presently 46.90%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research report on Thursday, December 18th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. Susquehanna restated a “positive” rating and set a $272.00 price objective (up previously from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Citigroup raised their target price on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. One research analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.33.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.