Perigon Wealth Management LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 0.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 360,729 shares of the railroad operator’s stock after selling 2,717 shares during the period. Union Pacific comprises about 14.3% of Perigon Wealth Management LLC’s holdings, making the stock its largest position. Perigon Wealth Management LLC owned approximately 0.05% of Union Pacific worth $61,003,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of UNP. Camarda Financial Advisors LLC boosted its stake in shares of Union Pacific by 673.7% during the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after acquiring an additional 128 shares in the last quarter. Squar Milner Financial Services LLC boosted its stake in shares of Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 129 shares in the last quarter. Mackey Komara & Dankovich LLC bought a new stake in shares of Union Pacific during the 1st quarter worth about $29,000. Manchester Financial Inc. bought a new stake in shares of Union Pacific during the 2nd quarter worth about $39,000. Finally, Investors Research Corp bought a new stake in shares of Union Pacific during the 1st quarter worth about $42,000. 78.28% of the stock is currently owned by institutional investors.
Union Pacific stock traded down $0.43 during trading hours on Tuesday, hitting $168.33. The stock had a trading volume of 34,009 shares, compared to its average volume of 2,841,799. The company has a 50-day moving average of $171.31 and a two-hundred day moving average of $169.67. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a market cap of $117.13 billion, a PE ratio of 21.29, a price-to-earnings-growth ratio of 1.86 and a beta of 1.04. Union Pacific Co. has a fifty-two week low of $128.08 and a fifty-two week high of $180.54.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 annualized dividend and a yield of 2.30%. Union Pacific’s dividend payout ratio is 44.50%.
Several analysts have recently issued reports on UNP shares. BMO Capital Markets upped their price target on Union Pacific to $190.00 and gave the stock an “outperform” rating in a research note on Monday, April 22nd. Cowen restated a “buy” rating and set a $184.00 target price on shares of Union Pacific in a research note on Thursday, July 18th. Stifel Nicolaus set a $170.00 target price on Union Pacific and gave the company a “hold” rating in a research note on Tuesday, April 23rd. Raymond James set a $197.00 target price on Union Pacific and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $182.62.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 9.96% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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