Galvin Gaustad & Stein LLC Sells 2,463 Shares of Union Pacific Corporation $UNP

Galvin Gaustad & Stein LLC lessened its position in shares of Union Pacific Corporation (NYSE:UNP) by 3.7% in the third quarter, HoldingsChannel reports. The fund owned 63,561 shares of the railroad operator’s stock after selling 2,463 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Union Pacific were worth $15,024,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently made changes to their positions in UNP. Pines Wealth Management LLC lifted its holdings in shares of Union Pacific by 1.7% during the second quarter. Pines Wealth Management LLC now owns 2,520 shares of the railroad operator’s stock worth $595,000 after buying an additional 43 shares in the last quarter. Five Oceans Advisors raised its stake in Union Pacific by 3.9% in the 2nd quarter. Five Oceans Advisors now owns 1,183 shares of the railroad operator’s stock worth $272,000 after purchasing an additional 44 shares in the last quarter. Howard Capital Management Group LLC boosted its holdings in Union Pacific by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 2,252 shares of the railroad operator’s stock valued at $532,000 after purchasing an additional 45 shares during the period. St. Johns Investment Management Company LLC boosted its holdings in Union Pacific by 1.6% in the 2nd quarter. St. Johns Investment Management Company LLC now owns 3,012 shares of the railroad operator’s stock valued at $693,000 after purchasing an additional 46 shares during the period. Finally, Hanson & Doremus Investment Management grew its position in shares of Union Pacific by 2.5% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,880 shares of the railroad operator’s stock worth $444,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on UNP. The Goldman Sachs Group set a $263.00 price target on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. Loop Capital raised Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the stock from $214.00 to $227.00 in a report on Tuesday, September 16th. Cowen reaffirmed a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Friday, October 3rd. Finally, Susquehanna reissued a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and twelve have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $259.50.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $233.67 on Wednesday. The stock has a market cap of $138.60 billion, a price-to-earnings ratio of 19.85, a P/E/G ratio of 2.51 and a beta of 0.99. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company’s fifty day moving average is $229.22 and its 200 day moving average is $227.20. The company has a quick ratio of 0.60, a current ratio of 0.75 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data 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. The company had revenue of $6.24 billion during the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the company posted $2.75 earnings per share. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is presently 46.90%.

About Union Pacific

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.