Union Pacific Co. (NYSE:UNP) Shares Sold by HTLF Bank

by · The Cerbat Gem

HTLF Bank reduced its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 14.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,456 shares of the railroad operator’s stock after selling 402 shares during the quarter. HTLF Bank’s holdings in Union Pacific were worth $605,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. Forum Financial Management LP boosted its holdings in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after buying an additional 41 shares during the last quarter. Fairhaven Wealth Management LLC boosted its holdings in Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after buying an additional 43 shares during the last quarter. Chesapeake Wealth Management boosted its holdings in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after buying an additional 43 shares during the last quarter. Elevated Capital Advisors LLC boosted its holdings in Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after buying an additional 44 shares during the last quarter. Finally, Fortis Capital Advisors LLC boosted its holdings in Union Pacific by 5.0% in the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after buying an additional 44 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Susquehanna raised their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. BMO Capital Markets decreased their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, September 20th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $254.00 to $247.00 in a research note on Wednesday, September 25th. Finally, Raymond James raised their target price on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $259.25.

Read Our Latest Stock Report on UNP

Union Pacific Trading Up 0.2 %

Shares of UNP stock traded up $0.52 during trading on Tuesday, hitting $245.79. 1,857,037 shares of the stock traded hands, compared to its average volume of 2,271,491. The firm has a market capitalization of $149.96 billion, a P/E ratio of 23.45, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The firm’s fifty day moving average price is $245.88 and its 200-day moving average price is $238.55. Union Pacific Co. has a 52-week low of $199.97 and a 52-week high of $258.66.

Union Pacific (NYSE:UNP – Get Free Report) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the firm earned $2.57 EPS. The firm’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts forecast that Union Pacific Co. will post 11.06 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.18%. The ex-dividend date was Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by insiders.

Union Pacific Company Profile

(Free Report)

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.

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