Anderson Hoagland & Co. reduced its stake in Union Pacific Co. (NYSE:UNP) by 10.1% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 6,540 shares of the railroad operator’s stock after selling 731 shares during the period. Anderson Hoagland & Co.’s holdings in Union Pacific were worth $1,059,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new stake in Union Pacific in the 2nd quarter valued at $25,000. River & Mercantile Asset Management LLP bought a new stake in Union Pacific in the 2nd quarter valued at $29,000. Mackey Komara & Dankovich LLC increased its holdings in Union Pacific by 549.7% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock valued at $30,000 after acquiring an additional 951 shares during the last quarter. Transamerica Financial Advisors Inc. bought a new stake in Union Pacific in the 2nd quarter valued at $31,000. Finally, Virtus ETF Advisers LLC bought a new stake in Union Pacific in the 2nd quarter valued at $32,000. Institutional investors own 77.77% of the company’s stock.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of Union Pacific stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 9.96% of the stock is currently owned by insiders.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The firm had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the previous year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. On average, sell-side analysts expect that Union Pacific Co. will post 8.89 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Thursday, August 29th. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.53%. Union Pacific’s payout ratio is currently 49.05%.
A number of analysts have recently weighed in on the stock. Loop Capital boosted their target price on shares of Union Pacific to $191.00 in a report on Friday, July 19th. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $175.00 to $195.00 in a report on Friday, July 26th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price on the stock in a report on Monday, July 22nd. Deutsche Bank boosted their target price on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $190.00 to $170.00 in a report on Thursday, June 13th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $182.15.
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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