838 Shares in Union Pacific Co. (NYSE:UNP) Purchased by Reliant Investment Management LLC

Reliant Investment Management LLC acquired a new stake in shares of Union Pacific Co. (NYSE:UNP) during the third quarter, HoldingsChannel.com reports. The firm acquired 838 shares of the railroad operator’s stock, valued at approximately $207,000.

Other institutional investors have also modified their holdings of the company. BNP Paribas bought a new stake in Union Pacific in the first quarter worth $1,088,000. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of Union Pacific by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after acquiring an additional 20,173 shares during the last quarter. Shellback Capital LP boosted its stake in shares of Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after purchasing an additional 4,400 shares during the period. Peoples Bank KS bought a new position in Union Pacific during the 3rd quarter valued at about $834,000. Finally, M&G Plc purchased a new stake in Union Pacific in the 1st quarter worth about $10,378,000. 80.38% of the stock is owned by institutional investors.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction 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 completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Royal Bank of Canada boosted their target price on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. BMO Capital Markets cut their price objective on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Stifel Nicolaus decreased their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. TD Cowen lowered their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, Bank of America reduced their price target on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.32.

Union Pacific Trading Up 0.3 %

UNP 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 stock has a fifty day moving average price of $246.08 and a 200-day moving average price of $238.68. The firm has a market cap of $144.72 billion, a price-to-earnings ratio of 22.67, a PEG ratio of 2.20 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the prior year, the firm posted $2.57 earnings per share. The company’s quarterly revenue was up .7% on a year-over-year basis. As a group, equities research analysts anticipate that Union Pacific Co. will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

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.