Resources Management Corp CT ADV acquired a new position in Union Pacific Co. (NYSE:UNP) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 12,719 shares of the railroad operator’s stock, valued at approximately $2,060,000.
A number of other large investors have also added to or reduced their stakes in the business. Krane Funds Advisors LLC acquired a new position in Union Pacific during the second quarter worth about $25,000. Selective Wealth Management Inc. acquired a new stake in shares of Union Pacific in the 3rd quarter worth approximately $25,000. Candriam Luxembourg S.C.A. increased its stake in Union Pacific by 10.1% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 163,196 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 14,927 shares in the last quarter. River & Mercantile Asset Management LLP purchased a new position in Union Pacific in the 2nd quarter valued at approximately $29,000. Finally, Financial Gravity Wealth Inc. increased its stake in Union Pacific by 78.8% in 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 in the last quarter. Hedge funds and other institutional investors own 77.69% of the company’s stock.
Shares of Union Pacific stock traded up $3.46 during mid-day trading on Wednesday, hitting $171.46. 3,592,419 shares of the stock were exchanged, compared to its average volume of 3,467,218. The stock has a market capitalization of $122.17 billion, a price-to-earnings ratio of 21.68, a price-to-earnings-growth ratio of 2.07 and a beta of 1.07. 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 0.89, a quick ratio of 0.72 and a debt-to-equity ratio of 1.35. The company has a 50-day simple moving average of $172.42 and a 200 day simple moving average of $168.91.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Friday, November 29th will be paid a $0.97 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $3.88 annualized dividend and a yield of 2.26%. Union Pacific’s payout ratio is currently 49.05%.
UNP has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Union Pacific from a “hold” rating to a “sell” rating and set a $188.00 target price on the stock. in a research report on Thursday, November 28th. Cowen restated a “buy” rating and issued a $172.00 price target on shares of Union Pacific in a research report on Thursday, October 17th. Credit Suisse Group boosted their price objective on shares of Union Pacific from $182.00 to $185.00 and gave the stock an “outperform” rating in a research report on Friday, October 18th. Bank of America decreased their price objective on shares of Union Pacific from $179.00 to $167.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 8th. Finally, UBS Group lowered their price target on shares of Union Pacific from $193.00 to $184.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $178.86.
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.
Recommended Story: What is a front-end load?
Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP).
Receive News & Ratings for Union Pacific Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Pacific and related companies with MarketBeat.com's FREE daily email newsletter.