Rep. Mike Kelly Sells Off Shares of Union Pacific Co. (NYSE:UNP)

Representative Mike Kelly (R-Pennsylvania) recently sold shares of Union Pacific Co. NYSE: UNP. In a filing disclosed on December 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Union Pacific stock on November 8th. The trade occurred in the Representative's "VICTORIA KELLY TRUST ICA" account.

Representative Mike Kelly also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 11/8/2024.

Union Pacific Price Performance

Shares of Union Pacific stock traded up $1.28 on Friday, hitting $234.99. 2,715,579 shares of the company were exchanged, compared to its average volume of 2,342,861. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a 50-day moving average price of $238.46 and a 200 day moving average price of $238.27. The stock has a market capitalization of $142.47 billion, a price-to-earnings ratio of 21.46, a price-to-earnings-growth ratio of 2.31 and a beta of 1.05. Union Pacific Co. has a 1-year low of $218.55 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. Union Pacific's revenue was up 2.5% compared to the same quarter last year. During the same period last year, the business earned $2.51 EPS. As a group, sell-side analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a dividend of $1.34 per share. The ex-dividend date is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. Union Pacific's payout ratio is presently 49.22%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on UNP shares. Robert W. Baird dropped their price objective on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Citigroup upped their price objective on Union Pacific from $255.00 to $267.00 and gave the stock a "neutral" rating in a research report on Tuesday, November 12th. Stifel Nicolaus lowered their target price on Union Pacific from $265.00 to $262.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Susquehanna decreased their price objective on Union Pacific from $260.00 to $255.00 and set a "neutral" rating for the company in a research note on Friday, October 25th. Finally, Raymond James upped their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a "strong-buy" rating in a research note on Monday, October 14th. Nine analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $259.80.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UNP. Fairhaven Wealth Management LLC lifted its position in shares of Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator's stock worth $584,000 after buying an additional 43 shares during the last quarter. Chesapeake Wealth Management lifted its holdings in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator's stock worth $1,856,000 after purchasing an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its position in Union Pacific by 0.5% during the second quarter. Azzad Asset Management Inc. ADV now owns 8,384 shares of the railroad operator's stock worth $1,897,000 after purchasing an additional 44 shares during the period. Traveka Wealth LLC boosted its position in Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator's stock worth $335,000 after purchasing an additional 45 shares during the period. Finally, Red Mountain Financial LLC raised its position in shares of Union Pacific by 2.0% in the third quarter. Red Mountain Financial LLC now owns 2,276 shares of the railroad operator's stock valued at $561,000 after purchasing an additional 45 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

About Representative Kelly

Mike Kelly (Republican Party) is a member of the U.S. House, representing Pennsylvania's 16th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Kelly (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 16th Congressional District. He declared candidacy for the 2024 election. Prior to joining Congress, Kelly served on the Butler County council and the Butler area school board. At the start of the 116th Congress, Kelly was named the ranking member of the Subcommittee on Oversight of the House Committee on Ways and Means. He was described by the Pittsburgh Post-Gazette in January 2019 as "a fiscal conservative and Donald Trump loyalist."

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.