Union Pacific Co. (NYSE:UNP) Shares Sold by NBC Securities Inc.

NBC Securities Inc. cut its holdings in Union Pacific Co. (NYSE:UNP) by 1.3% during the 3rd quarter, Holdings Channel reports. The firm owned 29,976 shares of the railroad operator’s stock after selling 388 shares during the period. Union Pacific comprises approximately 0.6% of NBC Securities Inc.’s investment portfolio, making the stock its 19th biggest holding. NBC Securities Inc.’s holdings in Union Pacific were worth $7,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of UNP. Richardson Capital Management LLC purchased a new stake in Union Pacific in the 1st quarter valued at approximately $26,000. Cultivar Capital Inc. acquired a new position in shares of Union Pacific in the second quarter worth $27,000. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Union Pacific in the second quarter valued at $28,000. Scarborough Advisors LLC acquired a new stake in shares of Union Pacific during the fourth quarter valued at $29,000. Finally, Tributary Capital Management LLC purchased a new stake in Union Pacific during the 1st quarter worth about $30,000. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on UNP shares. Citigroup assumed coverage on shares of Union Pacific in a report on Wednesday, October 9th. They issued a “neutral” rating and a $264.00 target price on the stock. TD Cowen reduced their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Benchmark reissued a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Finally, Susquehanna raised their price objective on Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a report on Wednesday, October 2nd. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $259.25.

Union Pacific Price Performance

Shares of Union Pacific stock traded up $2.51 during mid-day trading on Tuesday, reaching $247.78. 421,714 shares of the stock were exchanged, compared to its average volume of 2,264,274. Union Pacific Co. has a fifty-two week low of $199.97 and a fifty-two week high of $258.66. The company has a market cap of $150.95 billion, a price-to-earnings ratio of 23.03, a price-to-earnings-growth ratio of 2.21 and a beta of 1.05. The firm has a 50-day simple moving average of $245.88 and a 200 day simple moving average of $238.55. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $2.57 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 11.06 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.16%. Union Pacific’s dividend payout ratio is 50.33%.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s 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 transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Profile

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.