Burns J W & Co. Inc. NY Sells 80 Shares of Union Pacific Co. (NYSE:UNP)

Burns J W & Co. Inc. NY trimmed its position in Union Pacific Co. (NYSE:UNP) by 1.4% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,723 shares of the railroad operator’s stock after selling 80 shares during the period. Burns J W & Co. Inc. NY’s holdings in Union Pacific were worth $1,411,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of UNP. Forum Financial Management LP boosted its stake in shares of Union Pacific by 0.6% in the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after buying an additional 41 shares during the period. Prestige Wealth Management Group LLC lifted its stake in Union Pacific by 1.4% during the first quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after purchasing an additional 42 shares during the last quarter. Fairhaven Wealth Management LLC lifted its stake in Union Pacific by 1.7% during the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the last quarter. Chesapeake Wealth Management lifted its stake in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares during the last quarter. Finally, Elevated Capital Advisors LLC lifted its stake in Union Pacific by 3.6% during the first quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 0.7 %

Union Pacific stock traded down $1.77 during trading hours on Friday, reaching $238.86. 2,137,949 shares of the company’s stock were exchanged, compared to its average volume of 2,288,305. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The firm’s 50 day simple moving average is $246.18 and its 200 day simple moving average is $238.83. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The firm has a market capitalization of $145.51 billion, a PE ratio of 22.79, a PEG ratio of 2.24 and a beta of 1.05.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.24%. 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. Union Pacific’s dividend payout ratio is 51.15%.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

UNP has been the subject of several research analyst reports. Royal Bank of Canada upped their price target on shares of Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Monday, July 29th. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their price target for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Bank of America lowered their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a report on Tuesday, September 24th. Finally, Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Eight 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 stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $259.32.

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.