Monterey Private Wealth Inc. Sells 134 Shares of Union Pacific Co. (NYSE:UNP)

Monterey Private Wealth Inc. reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 10.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,190 shares of the railroad operator’s stock after selling 134 shares during the quarter. Monterey Private Wealth Inc.’s holdings in Union Pacific were worth $293,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Forum Financial Management LP grew its holdings in shares of Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position 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 period. Fairhaven Wealth Management LLC grew 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 buying an additional 43 shares in the last quarter. Chesapeake Wealth Management increased its holdings in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares during the period. Finally, Elevated Capital Advisors LLC raised its position in shares of Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after buying an additional 44 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Down 1.1 %

Union Pacific stock opened at $240.64 on Friday. 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 company has a market capitalization of $146.82 billion, a PE ratio of 22.96, a PEG ratio of 2.25 and a beta of 1.05. The firm’s fifty day moving average is $246.21 and its 200 day moving average is $238.87. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were issued a dividend of $1.34 per share. 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 2.23%. The ex-dividend date of this dividend was Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is currently 51.15%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Wells Fargo & Company started coverage on Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 target price for the company. Royal Bank of Canada raised their price target on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research note on Monday. Evercore ISI downgraded shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their price objective for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Finally, Susquehanna raised their price objective on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a report on Wednesday. Eight 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $259.32.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was 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 in the company, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is currently 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.