Valicenti Advisory Services Inc. Trims Stake in Union Pacific Co. (NYSE:UNP)

Valicenti Advisory Services Inc. cut its position in Union Pacific Co. (NYSE:UNP) by 7.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,635 shares of the railroad operator’s stock after selling 1,200 shares during the quarter. Valicenti Advisory Services Inc.’s holdings in Union Pacific were worth $2,881,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in UNP. Granite Investment Advisors LLC lifted its stake in Union Pacific by 26.8% in the third quarter. Granite Investment Advisors LLC now owns 2,985 shares of the railroad operator’s stock valued at $588,000 after buying an additional 630 shares during the last quarter. Brookmont Capital Management purchased a new position in shares of Union Pacific during the third quarter worth approximately $217,000. IFM Investors Pty Ltd increased its holdings in shares of Union Pacific by 11.1% in the 3rd quarter. IFM Investors Pty Ltd now owns 56,215 shares of the railroad operator’s stock valued at $11,067,000 after acquiring an additional 5,632 shares during the period. Surevest LLC increased its holdings in shares of Union Pacific by 3.1% in the 3rd quarter. Surevest LLC now owns 18,946 shares of the railroad operator’s stock valued at $3,730,000 after acquiring an additional 576 shares during the period. Finally, Sanders Morris Harris LLC purchased a new stake in Union Pacific in the 3rd quarter valued at $426,000. Hedge funds and other institutional investors own 78.16% of the company’s stock.

In other news, EVP Elizabeth F. Whited sold 5,376 shares of the stock in a transaction that occurred on Friday, September 11th. The shares were sold at an average price of $195.51, for a total value of $1,051,061.76. Following the sale, the executive vice president now directly owns 62,558 shares in the company, valued at $12,230,714.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $193.79, for a total transaction of $193,790.00. Following the transaction, the chief financial officer now directly owns 74,648 shares of the company’s stock, valued at $14,466,035.92. The disclosure for this sale can be found here. Insiders have sold a total of 7,876 shares of company stock valued at $1,530,542 in the last ninety days. Corporate insiders own 0.20% of the company’s stock.

Several brokerages have issued reports on UNP. Raymond James raised their price objective on shares of Union Pacific from $198.00 to $227.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, September 29th. Argus raised their price target on Union Pacific from $175.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, July 24th. Stifel Nicolaus upped their price objective on Union Pacific from $172.00 to $175.00 and gave the company a “hold” rating in a research note on Wednesday, July 29th. Morgan Stanley lifted their target price on Union Pacific from $135.00 to $138.00 and gave the company an “equal weight” rating in a research note on Monday, October 5th. Finally, Bank of America boosted their target price on Union Pacific from $198.00 to $220.00 and gave the company a “buy” rating in a report on Wednesday, September 30th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $184.04.

UNP traded up $1.04 on Friday, hitting $209.85. 3,329,468 shares of the company were exchanged, compared to its average volume of 3,587,916. Union Pacific Co. has a fifty-two week low of $105.08 and a fifty-two week high of $210.95. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.84 and a current ratio of 0.96. The firm has a market capitalization of $142.45 billion, a P/E ratio of 26.04, a price-to-earnings-growth ratio of 2.51 and a beta of 1.03. The business’s fifty day moving average is $197.75 and its 200 day moving average is $174.66.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.11. The business had revenue of $4.24 billion for the quarter, compared to analysts’ expectations of $4.34 billion. Union Pacific had a return on equity of 32.45% and a net margin of 27.54%. The company’s revenue was down 24.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.22 EPS. Analysts forecast that Union Pacific Co. will post 7.8 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st were given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Friday, August 28th. Union Pacific’s dividend payout ratio is currently 46.30%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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

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