Reilly Financial Advisors LLC grew its position in shares of Union Pacific Co. (NYSE:UNP) by 1.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 77,083 shares of the railroad operator’s stock after purchasing an additional 1,072 shares during the quarter. Union Pacific makes up about 1.5% of Reilly Financial Advisors LLC’s investment portfolio, making the stock its 19th largest position. Reilly Financial Advisors LLC’s holdings in Union Pacific were worth $12,486,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Krane Funds Advisors LLC bought a new position in shares of Union Pacific during the 2nd quarter valued at about $25,000. River & Mercantile Asset Management LLP bought a new position in shares of Union Pacific during the 2nd quarter valued at about $29,000. Transamerica Financial Advisors Inc. bought a new position in shares of Union Pacific during the 2nd quarter valued at about $31,000. Financial Gravity Wealth Inc. increased its position in shares of Union Pacific by 78.8% during the 3rd quarter. Financial Gravity Wealth Inc. now owns 186 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 82 shares during the last quarter. Finally, Virtus ETF Advisers LLC bought a new position in shares of Union Pacific during the 2nd quarter valued at about $32,000. Hedge funds and other institutional investors own 77.82% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the 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 sale, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 9.96% of the company’s stock.
Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the business posted $1.98 EPS. Union Pacific’s quarterly revenue was down 1.3% compared to the same quarter last year. Sell-side analysts expect that Union Pacific Co. will post 8.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $0.97 dividend. The ex-dividend date was Thursday, August 29th. This represents a $3.88 annualized dividend and a yield of 2.37%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is 49.05%.
UNP has been the topic of several recent research reports. Raymond James set a $197.00 price objective on Union Pacific and gave the company a “buy” rating in a research report on Friday, July 19th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective on the stock in a research report on Monday, July 22nd. UBS Group reduced their price objective on Union Pacific from $201.00 to $193.00 and set a “buy” rating on the stock in a research report on Tuesday, September 17th. Deutsche Bank increased their target price on Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group initiated coverage on Union Pacific in a report on Wednesday, July 10th. They set a “buy” rating and a $198.00 target price for the company. One research analyst has rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the company’s stock. Union Pacific presently has an average rating of “Buy” and a consensus price target of $182.15.
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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