O Keefe Stevens Advisory Inc. Has $3.74 Million Stake in Union Pacific Co. (NYSE:UNP)

O Keefe Stevens Advisory Inc. raised its position in Union Pacific Co. (NYSE:UNP) by 16.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,158 shares of the railroad operator’s stock after purchasing an additional 2,090 shares during the quarter. Union Pacific accounts for about 1.1% of O Keefe Stevens Advisory Inc.’s holdings, making the stock its 24th biggest holding. O Keefe Stevens Advisory Inc.’s holdings in Union Pacific were worth $3,736,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Forum Financial Management LP boosted its position in 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 buying an additional 41 shares during the period. Fairhaven Wealth Management LLC lifted its stake in shares of Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares during the period. Chesapeake Wealth Management boosted its holdings in Union Pacific by 0.5% in the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after acquiring an additional 43 shares during the last quarter. Elevated Capital Advisors LLC increased its position in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after purchasing an additional 44 shares during the period. Finally, Fortis Capital Advisors LLC raised its holdings in Union Pacific by 5.0% during the 1st quarter. Fortis Capital Advisors LLC now owns 916 shares of the railroad operator’s stock worth $225,000 after purchasing an additional 44 shares during the last quarter. 80.38% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

UNP opened at $237.56 on Wednesday. Union Pacific Co. has a 1 year low of $199.97 and a 1 year high of $258.66. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company has a market capitalization of $144.72 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.20 and a beta of 1.05. The firm’s fifty day moving average price is $246.08 and its two-hundred day moving average price is $238.68.

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

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a $1.34 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.26%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent analyst reports. Bank of America decreased their price objective on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. 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. Royal Bank of Canada raised their target price on Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a research note on Monday, September 30th. Benchmark reissued a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Finally, Susquehanna raised their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Eight 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.