Seeyond lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 4.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,665 shares of the railroad operator’s stock after selling 367 shares during the quarter. Seeyond’s holdings in Union Pacific were worth $1,465,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mercer Global Advisors Inc. ADV purchased a new position in Union Pacific in the 1st quarter worth about $4,894,000. Janney Montgomery Scott LLC grew its position in shares of Union Pacific by 13.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 135,942 shares of the railroad operator’s stock worth $22,989,000 after buying an additional 16,477 shares during the period. Pendal Group Ltd lifted its stake in Union Pacific by 8.9% in the 1st quarter. Pendal Group Ltd now owns 47,161 shares of the railroad operator’s stock valued at $7,885,000 after acquiring an additional 3,868 shares in the last quarter. Cerebellum GP LLC lifted its stake in Union Pacific by 6.0% in the first quarter. Cerebellum GP LLC now owns 2,051 shares of the railroad operator’s stock valued at $343,000 after acquiring an additional 116 shares during the last quarter. Finally, Capital Investment Advisory Services LLC raised its position in shares of Union Pacific by 568.1% in the second quarter. Capital Investment Advisory Services LLC now owns 3,307 shares of the railroad operator’s stock valued at $574,000 after buying an additional 2,812 shares in the last quarter. 78.35% of the stock is owned by hedge funds and other institutional investors.
NYSE:UNP traded down $1.25 during mid-day trading on Wednesday, hitting $166.32. The stock had a trading volume of 90,375 shares, compared to its average volume of 3,050,519. The stock has a 50-day simple moving average of $167.27 and a two-hundred day simple moving average of $169.41. The company has a market capitalization of $117.04 billion, a PE ratio of 21.03, a PEG ratio of 1.85 and a beta of 1.06. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.97 per share. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.33%. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s payout ratio is presently 49.05%.
A number of equities analysts have issued reports on UNP shares. Credit Suisse Group set a $203.00 price target on Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Deutsche Bank upped their price objective on shares of Union Pacific from $197.00 to $206.00 and gave the company a “buy” rating in a report on Friday, July 19th. Atlantic Securities raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $175.00 to $195.00 in a research note on Friday, July 26th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price on the stock in a research note on Monday, July 22nd. Finally, UBS Group set a $201.00 price objective on shares of Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $183.62.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction 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 sale, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 9.96% of the company’s stock.
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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