BLB&B Advisors LLC Increases Stake in Union Pacific Co. (UNP)

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BLB&B Advisors LLC lifted its holdings in Union Pacific Co. (NYSE:UNP) by 9.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,222 shares of the railroad operator’s stock after purchasing an additional 374 shares during the quarter. BLB&B Advisors LLC’s holdings in Union Pacific were worth $687,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Arrow Financial Corp increased its holdings in Union Pacific by 2.3% during the third quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock worth $2,442,000 after buying an additional 339 shares during the last quarter. Fluent Financial LLC increased its holdings in shares of Union Pacific by 11.4% in the second quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock valued at $497,000 after purchasing an additional 358 shares during the last quarter. Summit Trail Advisors LLC increased its holdings in shares of Union Pacific by 11.5% in the first quarter. Summit Trail Advisors LLC now owns 3,504 shares of the railroad operator’s stock valued at $478,000 after purchasing an additional 360 shares during the last quarter. Winthrop Partners WNY LLC increased its holdings in shares of Union Pacific by 7.7% in the first quarter. Winthrop Partners WNY LLC now owns 5,080 shares of the railroad operator’s stock valued at $661,000 after purchasing an additional 364 shares during the last quarter. Finally, Whittier Trust Co. increased its holdings in shares of Union Pacific by 0.7% in the second quarter. Whittier Trust Co. now owns 49,496 shares of the railroad operator’s stock valued at $7,013,000 after purchasing an additional 368 shares during the last quarter. 80.43% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the sale, the executive vice president now directly owns 53,978 shares of the company’s stock, valued at approximately $8,189,542.16. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

UNP stock opened at $152.65 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 1.03. Union Pacific Co. has a 52 week low of $108.71 and a 52 week high of $165.63. The stock has a market capitalization of $120.41 billion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 1.97 and a beta of 0.81.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.94 by $0.04. Union Pacific had a net margin of 51.31% and a return on equity of 23.63%. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.65 billion. During the same period in the prior year, the company posted $1.45 earnings per share. Union Pacific’s revenue was up 8.0% compared to the same quarter last year. On average, analysts predict that Union Pacific Co. will post 7.77 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, August 31st were given a dividend of $0.80 per share. This is a boost from Union Pacific’s previous quarterly dividend of $0.73. The ex-dividend date was Thursday, August 30th. This represents a $3.20 annualized dividend and a yield of 2.10%. Union Pacific’s dividend payout ratio is currently 55.27%.

Several equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price objective on the stock in a report on Wednesday, September 19th. UBS Group upped their price objective on shares of Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a report on Thursday, September 20th. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Barclays reiterated a “buy” rating and issued a $180.00 price objective on shares of Union Pacific in a report on Wednesday, September 26th. Finally, ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and thirteen have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $160.94.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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

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