Union Pacific Co. (UNP) Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lessened its stake in Union Pacific Co. (NYSE:UNP) by 3.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,948 shares of the railroad operator’s stock after selling 1,087 shares during the quarter. Wesbanco Bank Inc.’s holdings in Union Pacific were worth $5,365,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in UNP. American International Group Inc. raised its stake in Union Pacific by 23.9% during the third quarter. American International Group Inc. now owns 388,750 shares of the railroad operator’s stock valued at $63,300,000 after purchasing an additional 74,867 shares in the last quarter. Dynasty Wealth Management LLC purchased a new stake in Union Pacific during the third quarter valued at $232,000. Martingale Asset Management L P raised its stake in Union Pacific by 27.7% during the third quarter. Martingale Asset Management L P now owns 40,528 shares of the railroad operator’s stock valued at $6,600,000 after purchasing an additional 8,800 shares in the last quarter. San Francisco Sentry Investment Group CA raised its stake in Union Pacific by 4.5% during the third quarter. San Francisco Sentry Investment Group CA now owns 9,384 shares of the railroad operator’s stock valued at $1,528,000 after purchasing an additional 400 shares in the last quarter. Finally, Windsor Capital Management LLC purchased a new stake in Union Pacific during the third quarter valued at $221,000. 80.15% of the stock is currently owned by hedge funds and other institutional investors.

NYSE UNP opened at $143.54 on Friday. 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 $106.17 billion, a PE ratio of 19.63, a P/E/G ratio of 1.72 and a beta of 0.95. Union Pacific Co. has a 12 month low of $115.69 and a 12 month high of $165.63.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 EPS for the quarter, topping the Zacks’ consensus estimate of $2.10 by $0.05. The firm had revenue of $5.93 billion for the quarter, compared to analysts’ expectations of $5.88 billion. Union Pacific had a net margin of 51.90% and a return on equity of 25.02%. During the same period in the prior year, the business posted $1.50 earnings per share. As a group, equities research analysts anticipate that Union Pacific Co. will post 7.85 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be issued a $0.80 dividend. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend is Thursday, November 29th. Union Pacific’s payout ratio is presently 55.27%.

A number of research firms recently issued reports on UNP. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price target on the stock in a research note on Wednesday, September 19th. UBS Group boosted their price objective on shares of Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a research report on Thursday, September 20th. Bank of America cut shares of Union Pacific from a “buy” rating to a “neutral” rating and set a $164.00 price objective on the stock. in a research report on Thursday, October 18th. Loop Capital upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a research report on Tuesday, September 18th. Finally, Barclays reiterated a “buy” rating and set a $180.00 price objective on shares of Union Pacific in a research report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the company. Union Pacific has an average rating of “Buy” and an average price target of $164.47.

In other news, EVP Lynden L. Tennison sold 8,450 shares of the company’s stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $151.72, for a total value of $1,282,034.00. Following the transaction, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the company’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the transaction, the executive vice president now owns 106,518 shares in the company, valued at $17,448,713.58. The disclosure for this sale can be found here. Corporate insiders own 0.20% of the company’s stock.

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About Union Pacific

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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