Perpetual Ltd Sells 1,390 Shares of Union Pacific Co. (NYSE:UNP)

by · The Cerbat Gem

Perpetual Ltd lowered its position in Union Pacific Co. (NYSE:UNP – Free Report) by 13.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,732 shares of the railroad operator’s stock after selling 1,390 shares during the period. Perpetual Ltd’s holdings in Union Pacific were worth $1,991,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNP. Strategic Investment Solutions Inc. IL bought a new position in Union Pacific in the second quarter worth $28,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Union Pacific in the 3rd quarter worth about $30,000. Jamison Private Wealth Management Inc. increased its stake in shares of Union Pacific by 265.7% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 93 shares in the last quarter. Peterson Financial Group Inc. purchased a new position in Union Pacific during the 3rd quarter valued at about $32,000. Finally, Dunhill Financial LLC boosted its stake in Union Pacific by 111.5% during the third quarter. Dunhill Financial LLC now owns 129 shares of the railroad operator’s stock worth $32,000 after acquiring an additional 68 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNP. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and lowered their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Citigroup boosted their target price on Union Pacific from $255.00 to $267.00 and gave the stock a “neutral” rating in a report on Tuesday, November 12th. Barclays raised their price target on Union Pacific from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, November 13th. Finally, Sanford C. Bernstein cut their price objective on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Nine 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 stock. According to MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.35.

Read Our Latest Stock Analysis on Union Pacific

Union Pacific Stock Up 1.1 %

Union Pacific stock opened at $236.73 on Wednesday. The stock has a market cap of $143.52 billion, a PE ratio of 21.74, a price-to-earnings-growth ratio of 2.11 and a beta of 1.06. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The stock has a fifty day moving average of $233.67 and a 200 day moving average of $239.10. Union Pacific Co. has a one year low of $218.55 and a one year high of $258.66.

Union Pacific (NYSE:UNP – Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing the consensus estimate of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analysts’ expectations of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. Union Pacific’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.51 EPS. As a group, sell-side analysts predict that Union Pacific Co. will post 10.96 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 9th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date was Monday, December 9th. Union Pacific’s payout ratio is 49.22%.

About Union Pacific

(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.

Further Reading

Want to see what other hedge funds are holding UNP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Pacific Co. (NYSE:UNP – Free Report).