Ingalls & Snyder LLC Sells 127 Shares of Union Pacific Co. (NYSE:UNP)

Ingalls & Snyder LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 0.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,426 shares of the railroad operator’s stock after selling 127 shares during the period. Ingalls & Snyder LLC’s holdings in Union Pacific were worth $12,922,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Cultivar Capital Inc. bought a new position in shares of Union Pacific during the second quarter valued at about $27,000. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific during the second quarter valued at about $28,000. Financial Gravity Asset Management Inc. lifted its position in shares of Union Pacific by 3,250.0% during the second quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock valued at $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC bought a new position in shares of Union Pacific during the third quarter valued at about $30,000. Finally, Fairscale Capital LLC bought a new position in shares of Union Pacific during the second quarter valued at about $31,000. 80.38% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on UNP. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Friday, October 25th. Raymond James lifted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Robert W. Baird lowered their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating on the stock in a research report on Friday, October 25th. Finally, Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Price Performance

NYSE:UNP traded down $3.45 during mid-day trading on Tuesday, hitting $237.33. 1,117,895 shares of the stock traded hands, compared to its average volume of 2,315,523. The business’s 50-day moving average price is $240.12 and its 200 day moving average price is $238.45. The company has a market cap of $143.88 billion, a PE ratio of 22.10, a price-to-earnings-growth ratio of 2.42 and a beta of 1.05. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.78 by ($0.03). Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the firm earned $2.51 earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. On average, analysts expect that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be issued a $1.34 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s payout ratio is 49.22%.

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.