Worldquant Millennium Advisors LLC cut its stake in Union Pacific Co. (NYSE:UNP - Free Report) by 16.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,671 shares of the railroad operator's stock after selling 37,214 shares during the quarter. Worldquant Millennium Advisors LLC's holdings in Union Pacific were worth $45,764,000 at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Fairhaven Wealth Management LLC boosted its position in shares of Union Pacific by 1.7% during the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator's stock worth $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management boosted its position in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator's stock worth $1,856,000 after acquiring an additional 43 shares during the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in shares of 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 last quarter. Montecito Bank & Trust grew its holdings in Union Pacific by 0.4% in the 2nd quarter. Montecito Bank & Trust now owns 11,894 shares of the railroad operator's stock valued at $2,691,000 after buying an additional 45 shares during the period. Finally, Traveka Wealth LLC grew its holdings in Union Pacific by 3.4% in the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator's stock valued at $335,000 after purchasing an additional 45 shares during the period. Hedge funds and other institutional investors own 80.38% of the company's stock.
Union Pacific Stock Down 0.5 %
Union Pacific stock traded down $1.06 during mid-day trading on Friday, hitting $233.57. The company's stock had a trading volume of 2,585,152 shares, compared to its average volume of 2,514,897. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. The firm's 50 day moving average is $239.43 and its 200 day moving average is $238.31. The company has a market cap of $141.60 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05.
Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company 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%. The business's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.51 earnings per share. On average, analysts anticipate that Union Pacific Co. will post 10.94 earnings per share for the current year.
Union Pacific Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific's dividend payout ratio (DPR) is presently 49.22%.
Analyst Upgrades and Downgrades
A number of research analysts have commented on UNP shares. Royal Bank of Canada reduced their price objective on Union Pacific from $288.00 to $283.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus dropped their target price on shares of Union Pacific from $265.00 to $262.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Evercore ISI downgraded Union Pacific from an "outperform" rating to an "inline" rating and cut their price target for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Robert W. Baird reduced their target price on shares of Union Pacific from $270.00 to $260.00 and set an "outperform" rating for the company in a research note on Friday, October 25th. Finally, Raymond James increased their price target on 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 investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of "Moderate Buy" and an average price target of $259.80.
View Our Latest Stock Analysis on Union Pacific
Union Pacific Profile
(
Free Report)
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.
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