Stewart & Patten Co. LLC Has $7.23 Million Position in Union Pacific Corporation (UNP)
Stewart & Patten Co. LLC lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 7.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 66,420 shares of the railroad operator’s stock after selling 4,999 shares during the period. Union Pacific Corporation makes up approximately 1.3% of Stewart & Patten Co. LLC’s portfolio, making the stock its 29th largest position. Stewart & Patten Co. LLC’s holdings in Union Pacific Corporation were worth $7,234,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Advantage Investment Management LLC lifted its position in Union Pacific Corporation by 263.7% in the 1st quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock valued at $101,000 after acquiring an additional 691 shares in the last quarter. Mark Sheptoff Financial Planning LLC boosted its stake in Union Pacific Corporation by 96.3% during the 1st quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after purchasing an additional 501 shares during the last quarter. Proficio Capital Partners LLC boosted its stake in Union Pacific Corporation by 36.3% during the 1st quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after purchasing an additional 274 shares during the last quarter. SRS Capital Advisors Inc. boosted its stake in Union Pacific Corporation by 147.2% during the 1st quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after purchasing an additional 686 shares during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new stake in Union Pacific Corporation during the 1st quarter valued at $122,000. 78.38% of the stock is owned by institutional investors.
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A number of analysts have commented on UNP shares. Citigroup Inc. reissued a “buy” rating and issued a $120.00 target price on shares of Union Pacific Corporation in a report on Monday, July 10th. BMO Capital Markets reaffirmed a “buy” rating and set a $123.00 price target on shares of Union Pacific Corporation in a report on Friday, August 11th. Zacks Investment Research raised Union Pacific Corporation from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Thursday, July 13th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $115.00 price objective on shares of Union Pacific Corporation in a research report on Friday, August 25th. Finally, Stifel Nicolaus increased their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research report on Friday, August 18th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $113.38.
Union Pacific Corporation (UNP) opened at 115.97 on Monday. Union Pacific Corporation has a 1-year low of $87.06 and a 1-year high of $116.93. The company has a market cap of $92.82 billion, a P/E ratio of 21.03 and a beta of 0.81. The stock has a 50 day moving average price of $105.56 and a 200 day moving average price of $107.35.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.06. The company had revenue of $5.25 billion during the quarter, compared to the consensus estimate of $5.19 billion. Union Pacific Corporation had a net margin of 21.79% and a return on equity of 22.70%. The firm’s quarterly revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post $5.78 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Thursday, August 31st were given a dividend of $0.605 per share. This represents a $2.42 annualized dividend and a yield of 2.09%. The ex-dividend date of this dividend was Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
In other Union Pacific Corporation news, EVP Cameron A. Scott sold 17,604 shares of Union Pacific Corporation stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $107.60, for a total transaction of $1,894,190.40. Following the completion of the transaction, the executive vice president now owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.20% of the stock is currently owned by company insiders.
Union Pacific Corporation 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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