Ffcm LLC reduced its stake in Union Pacific Co. (NYSE:UNP) by 16.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 31,170 shares of the railroad operator’s stock after selling 5,942 shares during the quarter. Ffcm LLC’s holdings in Union Pacific were worth $5,075,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of UNP. Janus Henderson Group PLC lifted its holdings in shares of Union Pacific by 55.7% in the 2nd quarter. Janus Henderson Group PLC now owns 5,526,282 shares of the railroad operator’s stock worth $782,980,000 after acquiring an additional 1,977,446 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in Union Pacific by 13,209.2% during the 2nd quarter. OppenheimerFunds Inc. now owns 1,922,773 shares of the railroad operator’s stock worth $272,420,000 after buying an additional 1,908,326 shares in the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Union Pacific during the 3rd quarter worth approximately $168,658,000. Putnam Investments LLC lifted its holdings in Union Pacific by 44.9% during the 2nd quarter. Putnam Investments LLC now owns 2,554,019 shares of the railroad operator’s stock worth $361,853,000 after buying an additional 791,990 shares in the last quarter. Finally, Chevy Chase Trust Holdings Inc. acquired a new stake in Union Pacific during the 2nd quarter worth approximately $95,375,000. Hedge funds and other institutional investors own 80.15% of the company’s stock.
Shares of UNP opened at $143.54 on Friday. Union Pacific Co. has a twelve month low of $115.69 and a twelve month high of $165.63. The firm has a market capitalization of $106.17 billion, a PE ratio of 24.79, a PEG ratio of 1.72 and a beta of 0.95. 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 company also recently disclosed 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. The ex-dividend date is Thursday, November 29th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.23%. Union Pacific’s payout ratio is 55.27%.
A number of equities research analysts have issued reports on UNP shares. Morgan Stanley lowered shares of Union Pacific from an “equal weight” rating to an “underweight” rating and reduced their target price for the stock from $141.00 to $134.00 in a report on Monday, October 22nd. Cowen reiterated a “hold” rating and set a $151.00 target price on shares of Union Pacific in a report on Tuesday, September 18th. UBS Group increased their target price on shares of Union Pacific from $161.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, September 20th. Deutsche Bank lowered shares of Union Pacific from a “buy” rating to a “hold” rating and set a $162.00 target price on the stock. in a report on Tuesday, August 14th. Finally, ValuEngine upgraded shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $164.47.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now directly owns 53,978 shares in the company, valued at approximately $8,189,542.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction on Monday, September 24th. The shares were sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, 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. 0.20% of the stock is currently owned by company insiders.
Union Pacific Company Profile
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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