Marquette Asset Management LLC Sells 747 Shares of Union Pacific Co. (NYSE:UNP)

Marquette Asset Management LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 57.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 553 shares of the railroad operator’s stock after selling 747 shares during the period. Marquette Asset Management LLC’s holdings in Union Pacific were worth $136,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of UNP. BNP Paribas acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $1,088,000. Envestnet Portfolio Solutions Inc. lifted its position in shares of Union Pacific by 19.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after buying an additional 20,173 shares during the last quarter. Shellback Capital LP lifted its stake in shares of Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after acquiring an additional 4,400 shares during the last quarter. Peoples Bank KS bought a new stake in shares of Union Pacific during the third quarter worth about $834,000. Finally, M&G Plc acquired a new position in shares of Union Pacific during the first quarter worth $10,378,000. 80.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Union Pacific

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

Union Pacific Price Performance

Shares of UNP stock opened at $237.56 on Wednesday. Union Pacific Co. has a 12 month low of $199.97 and a 12 month high of $258.66. The company has a market capitalization of $144.72 billion, a PE ratio of 22.67, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The firm’s 50-day moving average is $246.08 and its two-hundred day moving average is $238.68. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, August 30th. Union Pacific’s dividend payout ratio is 51.15%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of recent analyst reports. Sanford C. Bernstein dropped their price objective on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research note on Monday, July 8th. Evercore ISI cut Union Pacific from an “outperform” rating to an “inline” rating and cut their price objective for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Finally, Bank of America lowered their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $259.32.

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.