Grassi Investment Management grew its position in Union Pacific Co. (NYSE:UNP) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,002 shares of the railroad operator’s stock after buying an additional 1,425 shares during the period. Union Pacific makes up 1.4% of Grassi Investment Management’s portfolio, making the stock its 18th largest position. Grassi Investment Management’s holdings in Union Pacific were worth $9,444,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in UNP. Lenox Wealth Advisors LLC acquired a new position in Union Pacific in the 2nd quarter worth $105,000. Landaas & Co. WI ADV acquired a new position in Union Pacific in the 2nd quarter worth $133,000. grace capital acquired a new position in Union Pacific in the 2nd quarter worth $142,000. Exane Derivatives boosted its stake in Union Pacific by 85.1% in the 2nd quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock worth $155,000 after purchasing an additional 504 shares during the period. Finally, Brand Asset Management Group Inc. acquired a new position in Union Pacific in the 2nd quarter worth $169,000. 80.43% of the stock is owned by institutional investors.
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. Union Pacific Co. has a one year low of $108.71 and a one year high of $165.63. The stock has a market cap 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 (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, topping the consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The firm had revenue of $5.67 billion for the quarter, compared to analysts’ expectations of $5.65 billion. During the same period in the previous year, the firm posted $1.45 EPS. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 7.77 EPS 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 dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 2.10%. Union Pacific’s payout ratio is 55.27%.
A number of equities analysts recently weighed in on the stock. Morgan Stanley upped their target price on shares of Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research note on Tuesday. Bank of America upped their target price 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. Barclays reaffirmed a “buy” rating and issued a $180.00 target price on shares of Union Pacific in a research note on Wednesday, September 26th. BMO Capital Markets upped their target price on shares of Union Pacific to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Finally, Credit Suisse Group upped their target price 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. Two equities research 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. Union Pacific has an average rating of “Hold” and a consensus price target of $160.94.
In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the sale, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. 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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