King Luther Capital Management Corp Grows Position in Union Pacific Co. (UNP)
King Luther Capital Management Corp raised its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,169,045 shares of the railroad operator’s stock after buying an additional 37,493 shares during the quarter. Union Pacific comprises about 1.4% of King Luther Capital Management Corp’s investment portfolio, making the stock its 19th biggest holding. King Luther Capital Management Corp owned about 0.16% of Union Pacific worth $190,356,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently made changes to their positions in the business. Arrow Financial Corp increased its position in Union Pacific by 2.3% during the third quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock valued at $2,442,000 after acquiring an additional 339 shares during the last quarter. FineMark National Bank & Trust grew its holdings in Union Pacific by 1.3% during the third quarter. FineMark National Bank & Trust now owns 26,030 shares of the railroad operator’s stock valued at $4,238,000 after purchasing an additional 341 shares during the period. Fluent Financial LLC grew its holdings in Union Pacific by 11.4% during the second quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock valued at $497,000 after purchasing an additional 358 shares during the period. Obermeyer Wood Investment Counsel Lllp grew its holdings in Union Pacific by 11.1% during the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,668 shares of the railroad operator’s stock valued at $597,000 after purchasing an additional 365 shares during the period. Finally, Good Life Advisors LLC boosted its stake in shares of Union Pacific by 9.5% in the third quarter. Good Life Advisors LLC now owns 4,241 shares of the railroad operator’s stock worth $690,000 after acquiring an additional 367 shares during the period. Institutional investors and hedge funds own 79.42% of the company’s stock.
NYSE:UNP opened at $153.03 on Thursday. The company has a current ratio of 1.06, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. The stock has a market capitalization of $112.75 billion, a P/E ratio of 26.43, a PEG ratio of 1.83 and a beta of 0.94. Union Pacific Co. has a 12 month low of $121.22 and a 12 month high of $165.63.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be given a $0.80 dividend. The ex-dividend date is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.09%. Union Pacific’s dividend payout ratio is currently 55.27%.
UNP has been the subject of a number of recent analyst reports. Credit Suisse Group upped their price objective on Union Pacific from $167.00 to $185.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. Zacks Investment Research lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, November 19th. Morgan Stanley upped their price objective on Union Pacific from $140.00 to $141.00 and gave the stock a “hold” rating in a research note on Tuesday, October 9th. Bank of America upped their price objective on Union Pacific from $175.00 to $177.00 and gave the stock a “buy” rating in a research note on Monday, October 1st. Finally, BMO Capital Markets upped their price objective on Union Pacific to $180.00 and gave the stock an “outperform” rating in a research note on Thursday, September 20th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $165.24.
In related news, EVP Robert M. Knight, Jr. sold 20,000 shares of the business’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the sale, the executive vice president now directly owns 106,518 shares in the company, valued at $17,448,713.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by insiders.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.
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