Carnegie Investment Counsel Trims Position in Union Pacific Corporation $UNP

Carnegie Investment Counsel trimmed its position in Union Pacific Corporation (NYSE:UNP) by 14.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 95,572 shares of the railroad operator’s stock after selling 16,637 shares during the period. Carnegie Investment Counsel’s holdings in Union Pacific were worth $22,590,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its stake in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Howard Hughes Medical Institute purchased a new stake in shares of Union Pacific in the second quarter worth $30,000. Total Investment Management Inc. bought a new stake in Union Pacific during the second quarter valued at $31,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific during the second quarter worth about $31,000. Finally, Access Investment Management LLC bought a new position in Union Pacific in the 2nd quarter worth about $32,000. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of research analyst reports. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and lifted their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Citigroup lifted their target price on shares of Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a research report on Friday, October 24th. Barclays reissued an “overweight” rating and issued a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a report on Tuesday, December 16th. Susquehanna reaffirmed a “positive” rating and set a $272.00 price objective (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 target price on shares of Union Pacific in a research report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $260.33.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $233.23 on Friday. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a fifty day moving average of $227.71 and a 200-day moving average of $226.71. The stock has a market capitalization of $138.34 billion, a price-to-earnings ratio of 19.82, a price-to-earnings-growth ratio of 2.73 and a beta of 0.99.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same period in the previous year, the firm posted $2.75 earnings per share. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be issued a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.