Courant Investment Management LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 110,086 shares of the railroad operator’s stock after selling 30,000 shares during the quarter. Union Pacific comprises approximately 10.7% of Courant Investment Management LLC’s portfolio, making the stock its 3rd largest position. Courant Investment Management LLC’s holdings in Union Pacific were worth $17,925,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC purchased a new stake in Union Pacific in the second quarter valued at approximately $105,000. Landaas & Co. WI ADV purchased a new stake in Union Pacific in the second quarter valued at approximately $133,000. grace capital purchased a new stake in Union Pacific in the second quarter valued at approximately $142,000. Exane Derivatives raised its position in Union Pacific by 85.1% in the second quarter. Exane Derivatives now owns 1,096 shares of the railroad operator’s stock valued at $155,000 after purchasing an additional 504 shares during the period. Finally, Brand Asset Management Group Inc. purchased a new stake in Union Pacific in the second quarter valued at approximately $169,000. 80.43% of the stock is currently owned by hedge funds and other institutional investors.
NYSE:UNP opened at $152.65 on Friday. The firm 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. 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 52 week low of $108.71 and a 52 week high of $165.63.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, topping analysts’ consensus estimates of $1.94 by $0.04. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The company’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.45 earnings per share. On average, sell-side analysts anticipate 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. Investors of record on Friday, August 31st were paid a dividend of $0.80 per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.10%. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. Union Pacific’s payout ratio is presently 55.27%.
UNP has been the topic of a number of research analyst reports. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 target price on the stock in a research report on Wednesday, July 18th. Cowen restated a “hold” rating and issued a $151.00 price target on shares of Union Pacific in a research note on Thursday, July 19th. Credit Suisse Group boosted their price target 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. Morgan Stanley boosted their price target on shares of Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research note on Tuesday. Finally, Royal Bank of Canada restated a “hold” rating and issued a $145.00 price target on shares of Union Pacific in a research note on Friday, July 20th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and thirteen have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $160.94.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the transaction, the executive vice president now owns 106,518 shares in the company, valued at $17,448,713.58. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the business’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the transaction, the executive vice president now owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. Insiders own 0.20% of the company’s stock.
Union Pacific 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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