Rathbone Brothers plc Buys 1,790 Shares of Union Pacific Co. (UNP)

Rathbone Brothers plc grew its stake in Union Pacific Co. (NYSE:UNP) by 4.2% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 44,155 shares of the railroad operator’s stock after acquiring an additional 1,790 shares during the quarter. Rathbone Brothers plc’s holdings in Union Pacific were worth $7,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Commonwealth Bank of Australia increased its position in shares of Union Pacific by 9.2% during the 2nd quarter. Commonwealth Bank of Australia now owns 77,962 shares of the railroad operator’s stock worth $10,842,000 after purchasing an additional 6,562 shares during the last quarter. Morgan Stanley increased its position 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 worth $2,130,275,000 after purchasing an additional 413,967 shares during the last quarter. Putnam Investments LLC increased its position in shares of Union Pacific by 44.9% during the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock worth $361,853,000 after purchasing an additional 791,990 shares during the last quarter. City Holding Co. acquired a new stake in shares of Union Pacific during the 2nd quarter worth about $186,000. Finally, Lowe Brockenbrough & Co. Inc. increased its position in shares of Union Pacific by 76.6% during the 2nd quarter. Lowe Brockenbrough & Co. Inc. now owns 5,533 shares of the railroad operator’s stock worth $784,000 after purchasing an additional 2,400 shares during the last quarter. 80.43% of the stock is owned by institutional investors and hedge funds.

NYSE UNP opened at $152.65 on Friday. The stock has a market capitalization of $120.41 billion, a price-to-earnings ratio of 26.36, a PEG ratio of 1.97 and a beta of 0.81. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.03 and a quick ratio of 0.85. Union Pacific Co. has a 1-year low of $108.71 and a 1-year high of $165.63.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 19th. The railroad operator reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.04. The company had revenue of $5.67 billion during 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%. Union Pacific’s revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.45 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 7.77 earnings per share for the current fiscal year.

The company also recently announced 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%.

UNP has been the subject of a number of recent analyst reports. Bank of America raised their price objective on Union Pacific from $158.00 to $166.00 and gave the stock a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research report on Wednesday, July 18th. UBS Group raised their price objective on Union Pacific from $160.00 to $161.00 and gave the stock a “buy” rating in a research report on Friday, July 20th. ValuEngine raised Union Pacific from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have assigned 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 Robert M. Knight, Jr. sold 20,000 shares of Union Pacific stock in a transaction dated 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 of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Lynden L. Tennison sold 8,450 shares of Union Pacific stock in a transaction dated 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 directly owns 53,978 shares of the company’s stock, valued at $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.

Union Pacific Company Profile

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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