Measured Wealth Private Client Group LLC decreased its stake in shares of Union Pacific Co. (NYSE:UNP) by 27.7% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,297 shares of the railroad operator’s stock after selling 498 shares during the period. Measured Wealth Private Client Group LLC’s holdings in Union Pacific were worth $210,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of UNP. Krane Funds Advisors LLC acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $25,000. River & Mercantile Asset Management LLP acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $29,000. Mackey Komara & Dankovich LLC grew its holdings in Union Pacific by 549.7% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 1,124 shares of the railroad operator’s stock valued at $30,000 after buying an additional 951 shares during the last quarter. Transamerica Financial Advisors Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $31,000. Finally, Virtus ETF Advisers LLC acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $32,000. 77.77% of the stock is currently owned by institutional investors and hedge funds.
Shares of UNP stock opened at $161.39 on Friday. The stock has a 50 day moving average of $162.28 and a two-hundred day moving average of $168.88. The company has a current ratio of 0.72, a quick ratio of 0.58 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 12 month low of $128.08 and a 12 month high of $180.54. The company has a market capitalization of $107.96 billion, a P/E ratio of 18.20, a P/E/G ratio of 1.74 and a beta of 1.07.
The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend was Thursday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is 49.05%.
A number of analysts have issued reports on the company. Sanford C. Bernstein set a $177.00 target price on Union Pacific and gave the company a “hold” rating in a report on Friday, July 19th. Raymond James set a $197.00 target price on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Loop Capital raised their price objective on Union Pacific to $191.00 in a research report on Friday, July 19th. Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $175.00 to $195.00 in a research report on Friday, July 26th. Finally, Cowen reiterated a “buy” rating and issued a $184.00 price objective on shares of Union Pacific in a research report on Thursday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and thirteen have issued a buy rating to the company. Union Pacific currently has an average rating of “Buy” and an average price target of $182.15.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 9.96% of the stock is owned by company insiders.
Union Pacific Company Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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