Congress Park Capital LLC Has $253,000 Stock Position in Union Pacific Co. (NYSE:UNP)

Congress Park Capital LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 5.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 1,025 shares of the railroad operator’s stock after selling 55 shares during the quarter. Congress Park Capital LLC’s holdings in Union Pacific were worth $253,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Barden Capital Management Inc. lifted its position in shares of Union Pacific by 12.0% during the 4th quarter. Barden Capital Management Inc. now owns 4,948 shares of the railroad operator’s stock valued at $1,215,000 after acquiring an additional 529 shares during the period. Baird Financial Group Inc. boosted its position in shares of Union Pacific by 9.8% during the 4th quarter. Baird Financial Group Inc. now owns 1,738,841 shares of the railroad operator’s stock worth $427,094,000 after purchasing an additional 155,111 shares in the last quarter. Bain Capital Public Equity LP bought a new stake in Union Pacific in the 4th quarter valued at about $2,505,000. Bain Capital Public Equity Management II LLC bought a new stake in Union Pacific in the 4th quarter valued at about $87,888,000. Finally, Harbert Fund Advisors Inc. bought a new stake in shares of Union Pacific during the fourth quarter valued at approximately $774,000. Institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent research reports. BMO Capital Markets decreased their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. Barclays lowered their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Citigroup started coverage on Union Pacific in a research report on Wednesday. They issued a “neutral” rating and a $264.00 price objective on the stock. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $2.94 during trading on Friday, hitting $241.76. The company’s stock had a trading volume of 343,164 shares, compared to its average volume of 2,269,606. The company has a 50-day moving average of $245.63 and a 200-day moving average of $238.62. 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 has a market cap of $147.28 billion, a price-to-earnings ratio of 22.43, a P/E/G ratio of 2.19 and a beta of 1.05. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the company earned $2.57 earnings per share. On average, sell-side analysts expect that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.22%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 50.33%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.28% of the stock is owned by insiders.

About Union Pacific

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.