ACG Wealth Cuts Position in Union Pacific Co. (UNP)
ACG Wealth decreased its holdings in Union Pacific Co. (NYSE:UNP) by 31.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 8,572 shares of the railroad operator’s stock after selling 3,900 shares during the period. ACG Wealth’s holdings in Union Pacific were worth $994,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. OMERS ADMINISTRATION Corp raised its stake in shares of Union Pacific by 15.5% during the second quarter. OMERS ADMINISTRATION Corp now owns 1,008,200 shares of the railroad operator’s stock valued at $109,803,000 after purchasing an additional 134,950 shares during the period. Community Bank N.A. raised its stake in shares of Union Pacific by 3.0% during the second quarter. Community Bank N.A. now owns 1,537 shares of the railroad operator’s stock valued at $168,000 after purchasing an additional 45 shares during the period. Northeast Investment Management raised its stake in shares of Union Pacific by 2.8% during the second quarter. Northeast Investment Management now owns 278,258 shares of the railroad operator’s stock valued at $30,305,000 after purchasing an additional 7,663 shares during the period. Greystone Managed Investments Inc. raised its stake in shares of Union Pacific by 8.9% during the second quarter. Greystone Managed Investments Inc. now owns 84,114 shares of the railroad operator’s stock valued at $9,161,000 after purchasing an additional 6,890 shares during the period. Finally, iAB Financial Bank raised its stake in shares of Union Pacific by 23.8% during the second quarter. iAB Financial Bank now owns 3,900 shares of the railroad operator’s stock valued at $425,000 after purchasing an additional 750 shares during the period. Hedge funds and other institutional investors own 78.45% of the company’s stock.
Shares of Union Pacific Co. (UNP) opened at $141.00 on Wednesday. The company has a quick ratio of 0.97, a current ratio of 1.16 and a debt-to-equity ratio of 0.83. The stock has a market cap of $110,990.00, a price-to-earnings ratio of 24.96, a P/E/G ratio of 1.97 and a beta of 0.90. Union Pacific Co. has a 12 month low of $101.06 and a 12 month high of $141.17.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 26th. The railroad operator reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.49 by $0.01. The business had revenue of $5.41 billion during the quarter, compared to analyst estimates of $5.32 billion. Union Pacific had a net margin of 21.84% and a return on equity of 23.35%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.36 earnings per share. analysts expect that Union Pacific Co. will post 5.78 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Investors of record on Thursday, November 30th were paid a $0.665 dividend. This represents a $2.66 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Wednesday, November 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.61. Union Pacific’s payout ratio is 47.08%.
A number of analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Union Pacific from $100.00 to $104.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 31st. BMO Capital Markets reiterated a “buy” rating and set a $123.00 price objective on shares of Union Pacific in a research note on Friday, September 15th. Goldman Sachs Group assumed coverage on shares of Union Pacific in a research note on Monday, November 13th. They set a “sell” rating and a $103.00 price objective on the stock. Wolfe Research upgraded shares of Union Pacific from a “market perform” rating to an “outperform” rating in a research note on Friday, January 5th. Finally, Citigroup lowered shares of Union Pacific from a “buy” rating to a “neutral” rating and set a $120.00 price objective on the stock. in a research note on Wednesday, October 4th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $121.21.
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About Union Pacific
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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