Hennessy Advisors Inc. Decreases Holdings in Union Pacific Co. (UNP)

Hennessy Advisors Inc. trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,398 shares of the railroad operator’s stock after selling 700 shares during the quarter. Hennessy Advisors Inc.’s holdings in Union Pacific were worth $3,647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the company. Morgan Stanley lifted its holdings in shares of Union Pacific by 2.8% during the 2nd quarter. Morgan Stanley now owns 15,035,819 shares of the railroad operator’s stock valued at $2,130,275,000 after buying an additional 413,967 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in Union Pacific by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after purchasing an additional 1,977,446 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Union Pacific by 1.8% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 5,110,636 shares of the railroad operator’s stock worth $724,075,000 after purchasing an additional 91,243 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Union Pacific by 1.9% in the 2nd quarter. Canada Pension Plan Investment Board now owns 3,718,928 shares of the railroad operator’s stock worth $526,898,000 after purchasing an additional 68,502 shares during the last quarter. Finally, Egerton Capital UK LLP lifted its holdings in Union Pacific by 0.3% in the 2nd quarter. Egerton Capital UK LLP now owns 3,279,188 shares of the railroad operator’s stock worth $464,595,000 after purchasing an additional 10,130 shares during the last quarter. Institutional investors and hedge funds own 80.43% of the company’s stock.

Shares of NYSE UNP opened at $152.65 on Friday. The company has a current ratio of 1.03, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $120.41 billion, a price-to-earnings ratio of 26.36, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81. Union Pacific Co. has a 12 month low of $108.71 and a 12 month high of $165.63.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.94 by $0.04. The company had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.45 EPS. On average, research analysts forecast that Union Pacific Co. will post 7.77 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, August 31st were given a $0.80 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 2.10%. The ex-dividend date was Thursday, August 30th. Union Pacific’s payout ratio is currently 55.27%.

Several research firms recently weighed in on UNP. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Wednesday, September 19th. UBS Group boosted their target price on Union Pacific from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Loop Capital upgraded Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Barclays restated a “buy” rating and issued a $180.00 target price on shares of Union Pacific in a report on Wednesday, September 26th. Finally, ValuEngine upgraded Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $160.94.

In other Union Pacific news, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction that occurred on Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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