Logan Capital Management Inc. Sells 1,462 Shares of Union Pacific Co. (NYSE:UNP)

Logan Capital Management Inc. lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 25,567 shares of the railroad operator’s stock after selling 1,462 shares during the quarter. Logan Capital Management Inc.’s holdings in Union Pacific were worth $6,302,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of UNP. Inspire Trust Co. N.A. boosted its stake in shares of Union Pacific by 9.9% during the 3rd quarter. Inspire Trust Co. N.A. now owns 12,300 shares of the railroad operator’s stock worth $3,032,000 after acquiring an additional 1,103 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Union Pacific by 9.3% in the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after purchasing an additional 625,492 shares in the last quarter. Synovus Financial Corp raised its holdings in Union Pacific by 0.9% in the 3rd quarter. Synovus Financial Corp now owns 44,012 shares of the railroad operator’s stock worth $10,848,000 after purchasing an additional 399 shares during the period. Tidal Investments LLC lifted its position in Union Pacific by 4.0% during the third quarter. Tidal Investments LLC now owns 42,556 shares of the railroad operator’s stock valued at $10,489,000 after purchasing an additional 1,653 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB grew its holdings in Union Pacific by 124.1% during the third quarter. Wilmington Savings Fund Society FSB now owns 52,963 shares of the railroad operator’s stock valued at $13,054,000 after purchasing an additional 29,330 shares during the period. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP traded up $1.29 during mid-day trading on Friday, hitting $235.00. 305,646 shares of the company’s stock traded hands, compared to its average volume of 2,332,406. Union Pacific Co. has a 1 year low of $218.55 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.79, a current ratio of 0.77 and a quick ratio of 0.63. The company’s 50-day moving average is $238.46 and its two-hundred day moving average is $238.27. The company has a market capitalization of $142.47 billion, a P/E ratio of 21.46, a PEG ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing the consensus estimate of $2.78 by ($0.03). The company had revenue of $6.09 billion for the quarter, compared to the consensus estimate of $6.14 billion. Union Pacific had a net margin of 27.33% and a return on equity of 41.79%. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.51 EPS. On average, equities analysts anticipate that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be issued a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a yield of 2.28%. Union Pacific’s payout ratio is 49.22%.

Wall Street Analyst Weigh In

UNP has been the topic of several recent research reports. Barclays raised their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 13th. Royal Bank of Canada lowered their target price on shares of Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Wells Fargo & Company cut their price target on Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research note on Friday, October 25th. Robert W. Baird lowered their price objective on Union Pacific from $270.00 to $260.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Finally, Raymond James increased their target price on Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research report on Monday, October 14th. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $259.80.

Union Pacific Company 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.