Annex Advisory Services LLC increased its position in Union Pacific Co. (NYSE:UNP – Free Report) by 13.1% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 62,632 shares of the railroad operator’s stock after acquiring an additional 7,259 shares during the period. Annex Advisory Services LLC’s holdings in Union Pacific were worth $15,438,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of UNP. Richardson Capital Management LLC bought a new stake in shares of Union Pacific during the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its position in Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the period. Cultivar Capital Inc. bought a new stake in Union Pacific during the 2nd quarter valued at $27,000. Strategic Investment Solutions Inc. IL acquired a new position in Union Pacific during the 2nd quarter worth $28,000. Finally, Scarborough Advisors LLC bought a new position in shares of Union Pacific in the fourth quarter worth $29,000. 80.38% of the stock is currently owned by institutional investors.
Union Pacific Stock Performance
Shares of UNP opened at $242.31 on Friday. The company has a 50-day moving average of $245.67 and a two-hundred day moving average of $238.59. The stock has a market cap of $147.62 billion, a price-to-earnings ratio of 22.75, a PEG ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a one year low of $199.97 and a one year high of $258.66.
Union Pacific Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a yield of 2.21%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend was Friday, August 30th. Union Pacific’s payout ratio is presently 50.33%.
Insider Buying and Selling
In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.28% of the company’s stock.
Wall Street Analysts Forecast Growth
UNP has been the topic of a number of recent analyst reports. Susquehanna lifted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Bank of America dropped their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Sanford C. Bernstein decreased their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating for the company in a report on Wednesday. Stifel Nicolaus dropped their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Finally, Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and cut their target price for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Nine research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $259.50.
Get Our Latest Research Report on UNP
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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