Successful Portfolios LLC Raises Stake in Union Pacific Co. (NYSE:UNP)

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Successful Portfolios LLC boosted its holdings in shares of Union Pacific Co. (NYSE:UNP) by 9.9% in the third quarter, HoldingsChannel reports. The fund owned 2,140 shares of the railroad operator’s stock after acquiring an additional 192 shares during the period. Successful Portfolios LLC’s holdings in Union Pacific were worth $347,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of UNP. Krane Funds Advisors LLC bought a new stake in shares of Union Pacific in the second quarter worth approximately $25,000. River & Mercantile Asset Management LLP bought a new stake in shares of Union Pacific in the second quarter worth approximately $29,000. Transamerica Financial Advisors Inc. bought a new stake in shares of Union Pacific in the second quarter worth approximately $31,000. Virtus ETF Advisers LLC bought a new stake in shares of Union Pacific in the second quarter worth approximately $32,000. Finally, Manchester Financial Inc. bought a new stake in shares of Union Pacific in the second quarter worth approximately $39,000. 77.77% of the stock is owned by institutional investors.

Several brokerages recently issued reports on UNP. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the company a “hold” rating in a research report on Friday, July 19th. UBS Group cut their target price on shares of Union Pacific from $201.00 to $193.00 and set a “buy” rating for the company in a research report on Tuesday, September 17th. Deutsche Bank boosted their target price on shares of Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a research report on Friday, July 19th. ValuEngine lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Raymond James set a $197.00 target price on shares of Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $182.15.

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 shares were 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 directly owns 94,943 shares in the company, valued at $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 9.96% of the company’s stock.

Shares of UNP traded up $5.62 during mid-day trading on Friday, reaching $161.39. The stock had a trading volume of 4,844,204 shares, compared to its average volume of 3,470,990. The firm has a market cap of $106.72 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 1.72 and a beta of 1.07. Union Pacific Co. has a 12 month low of $128.08 and a 12 month high of $180.54. The business has a fifty day moving average of $162.43 and a 200 day moving average of $168.88. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.12 by $0.10. The business had revenue of $5.60 billion during the quarter, compared to analyst estimates of $5.62 billion. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The company’s revenue was down 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.98 earnings per share. On average, research analysts forecast that Union Pacific Co. will post 8.83 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a $0.97 dividend. This is a positive change 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 2.40%. The ex-dividend date was Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 49.05%.

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

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