HBK Sorce Advisory LLC Sells 4,063 Shares of Union Pacific Corporation $UNP

HBK Sorce Advisory LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 31.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,055 shares of the railroad operator’s stock after selling 4,063 shares during the period. HBK Sorce Advisory LLC’s holdings in Union Pacific were worth $2,044,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Pines Wealth Management LLC boosted its position in shares of Union Pacific by 1.7% during the 2nd quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock valued at $595,000 after acquiring an additional 43 shares during the last quarter. Five Oceans Advisors lifted its position in Union Pacific by 3.9% during the second quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock valued at $272,000 after purchasing an additional 44 shares during the last quarter. St. Johns Investment Management Company LLC grew its stake in Union Pacific by 1.6% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock worth $693,000 after buying an additional 46 shares in the last quarter. Hanson & Doremus Investment Management increased its holdings in shares of Union Pacific by 2.5% in the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after buying an additional 46 shares during the last quarter. Finally, Schubert & Co raised its position in shares of Union Pacific by 1.9% during the 2nd quarter. Schubert & Co now owns 2,511 shares of the railroad operator’s stock valued at $578,000 after buying an additional 47 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Price Performance

UNP opened at $234.48 on Tuesday. 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 stock’s 50 day simple moving average is $227.85 and its 200 day simple moving average is $226.78. The firm has a market cap of $139.09 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.71 and a beta of 0.99. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

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

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders 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 yield of 2.4%. Union Pacific’s dividend payout ratio is presently 46.90%.

Analysts Set New Price Targets

Several brokerages recently issued reports on UNP. JPMorgan Chase & Co. upped their target price on shares of Union Pacific from $265.00 to $267.00 and gave the stock a “neutral” rating in a research report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. Susquehanna restated a “positive” rating and issued a $272.00 target price (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Finally, Citigroup increased their price target on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.33.

Union Pacific Company 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.