SageView Advisory Group LLC Sells 1,709 Shares of Union Pacific Co. (NYSE:UNP)

SageView Advisory Group LLC cut its holdings in Union Pacific Co. (NYSE:UNP) by 43.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,259 shares of the railroad operator’s stock after selling 1,709 shares during the quarter. SageView Advisory Group LLC’s holdings in Union Pacific were worth $557,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Shellback Capital LP grew its stake in shares of Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS acquired a new position in shares of Union Pacific during the 3rd quarter worth about $834,000. Maj Invest Holding A S increased its stake in shares of Union Pacific by 0.3% in the 3rd quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock valued at $166,645,000 after acquiring an additional 2,202 shares during the last quarter. Radnor Capital Management LLC bought a new stake in shares of Union Pacific in the 3rd quarter valued at about $2,923,000. Finally, Signature Estate & Investment Advisors LLC raised its position in shares of Union Pacific by 190.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock valued at $1,092,000 after acquiring an additional 2,905 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of several recent analyst reports. BMO Capital Markets lowered their target price 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. Stifel Nicolaus lowered their price objective on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Bank of America reduced their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Royal Bank of Canada dropped their price target on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Wells Fargo & Company decreased their price objective on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

Union Pacific Price Performance

NYSE:UNP opened at $233.62 on Friday. The stock’s 50-day simple moving average is $239.43 and its 200 day simple moving average is $238.31. Union Pacific Co. has a 52-week low of $218.55 and a 52-week high of $258.66. 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 company has a market cap of $141.63 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.33 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the prior year, the company earned $2.51 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

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.