KCM Investment Advisors LLC Reduces Position in Union Pacific Co. (UNP)
KCM Investment Advisors LLC lowered its position in Union Pacific Co. (NYSE:UNP) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 18,563 shares of the railroad operator’s stock after selling 1,427 shares during the period. KCM Investment Advisors LLC’s holdings in Union Pacific were worth $2,022,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Gainplan LLC boosted its position in shares of Union Pacific by 0.6% in the second quarter. Gainplan LLC now owns 2,230 shares of the railroad operator’s stock valued at $243,000 after acquiring an additional 13 shares during the period. Advisors Management Group Inc. ADV lifted its position in Union Pacific by 0.5% in the second quarter. Advisors Management Group Inc. ADV now owns 3,330 shares of the railroad operator’s stock worth $363,000 after purchasing an additional 17 shares during the period. Summit Asset Management LLC lifted its position in Union Pacific by 0.3% in the first quarter. Summit Asset Management LLC now owns 7,206 shares of the railroad operator’s stock worth $763,000 after purchasing an additional 19 shares during the period. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC lifted its position in Union Pacific by 0.3% in the second quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 6,579 shares of the railroad operator’s stock worth $716,000 after purchasing an additional 20 shares during the period. Finally, Janney Capital Management LLC lifted its position in Union Pacific by 1.1% in the second quarter. Janney Capital Management LLC now owns 2,158 shares of the railroad operator’s stock worth $235,000 after purchasing an additional 24 shares during the period. Hedge funds and other institutional investors own 79.80% of the company’s stock.
A number of analysts have recently weighed in on UNP shares. BMO Capital Markets restated a “buy” rating and issued a $123.00 target price on shares of Union Pacific in a research note on Friday, September 15th. Argus raised their target price on Union Pacific from $125.00 to $130.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $130.00 price objective for the company in a research report on Wednesday, November 1st. Morgan Stanley lowered Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $102.00 to $100.00 in a research report on Monday, October 2nd. Finally, Aegis lowered Union Pacific from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $120.00 to $122.00 in a research report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $117.59.
Union Pacific Co. (NYSE UNP) traded up $0.39 during midday trading on Friday, reaching $118.25. The company’s stock had a trading volume of 1,302,832 shares, compared to its average volume of 2,688,205. The company has a market cap of $92,775.71, a PE ratio of 20.82, a price-to-earnings-growth ratio of 1.91 and a beta of 0.87. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.16 and a quick ratio of 0.97. Union Pacific Co. has a 12-month low of $100.10 and a 12-month high of $119.71.
Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 26th. The railroad operator reported $1.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.49 by $0.01. The firm had revenue of $5.41 billion for the quarter, compared to analysts’ expectations of $5.32 billion. Union Pacific had a return on equity of 23.35% and a net margin of 21.84%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.36 EPS. sell-side analysts forecast that Union Pacific Co. will post 5.78 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 28th. Shareholders of record on Thursday, November 30th will be paid a $0.665 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.61. The ex-dividend date of this dividend is Wednesday, November 29th. This represents a $2.66 annualized dividend and a yield of 2.25%. Union Pacific’s payout ratio is presently 42.76%.
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Union Pacific Company Profile
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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