Highbridge Capital Management LLC purchased a new position in Union Pacific Co. (NYSE:UNP) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,596 shares of the railroad operator’s stock, valued at approximately $5,145,000.
Several other large investors have also bought and sold shares of the business. Arrow Financial Corp raised its holdings in shares of Union Pacific by 2.3% in the third quarter. Arrow Financial Corp now owns 14,995 shares of the railroad operator’s stock valued at $2,442,000 after buying an additional 339 shares during the last quarter. FineMark National Bank & Trust raised its holdings in shares of Union Pacific by 1.3% in the third quarter. FineMark National Bank & Trust now owns 26,030 shares of the railroad operator’s stock valued at $4,238,000 after buying an additional 341 shares during the last quarter. Fluent Financial LLC raised its holdings in shares of Union Pacific by 11.4% in the second quarter. Fluent Financial LLC now owns 3,506 shares of the railroad operator’s stock valued at $497,000 after buying an additional 358 shares during the last quarter. Obermeyer Wood Investment Counsel Lllp raised its holdings in shares of Union Pacific by 11.1% in the third quarter. Obermeyer Wood Investment Counsel Lllp now owns 3,668 shares of the railroad operator’s stock valued at $597,000 after buying an additional 365 shares during the last quarter. Finally, Good Life Advisors LLC raised its holdings in shares of Union Pacific by 9.5% in the third quarter. Good Life Advisors LLC now owns 4,241 shares of the railroad operator’s stock valued at $690,000 after buying an additional 367 shares during the last quarter. Institutional investors and hedge funds own 79.42% of the company’s stock.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 20,000 shares of the stock in a transaction dated Monday, September 24th. The shares were sold at an average price of $163.81, for a total value of $3,276,200.00. Following the completion of the transaction, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.20% of the company’s stock.
Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 25th. The railroad operator reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.10 by $0.05. The firm had revenue of $5.93 billion during 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 company posted $1.50 earnings per share. As a group, sell-side analysts predict that Union Pacific Co. will post 7.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, November 30th will be issued a dividend of $0.80 per share. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $3.20 annualized dividend and a yield of 2.09%. Union Pacific’s dividend payout ratio is currently 55.27%.
A number of brokerages have recently commented on UNP. Deutsche Bank raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 target price for the company in a report on Tuesday, November 27th. Zacks Investment Research raised shares of Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 target price for the company in a report on Wednesday, September 19th. UBS Group upped their target price on shares of Union Pacific from $161.00 to $185.00 and gave the company a “buy” rating in a 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 target for the company. in a report on Thursday, October 18th. Finally, Loop Capital raised shares of Union Pacific from a “hold” rating to a “buy” rating in a report on Tuesday, September 18th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $165.24.
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Union Pacific 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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