Union Pacific Co. (NYSE:UNP) Shares Sold by High Note Wealth LLC

High Note Wealth LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 2,757 shares of the railroad operator’s stock after selling 109 shares during the quarter. High Note Wealth LLC’s holdings in Union Pacific were worth $680,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BNP Paribas acquired a new position in Union Pacific during the first quarter worth about $1,088,000. Envestnet Portfolio Solutions Inc. grew its position in shares of Union Pacific by 19.0% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after purchasing an additional 20,173 shares during the last quarter. Shellback Capital LP grew its position in shares of Union Pacific by 28.2% in the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new stake in shares of Union Pacific in the third quarter valued at approximately $834,000. Finally, M&G Plc acquired a new stake in shares of Union Pacific in the first quarter valued at approximately $10,378,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UNP has been the topic of several research reports. BMO Capital Markets lowered their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Sanford C. Bernstein lowered their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the company from $276.00 to $238.00 in a research report on Monday, June 17th. Stifel Nicolaus decreased their target price on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Finally, Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and decreased their target price for the stock from $254.00 to $247.00 in a research report on Wednesday, September 25th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $259.50.

Insider Activity at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $237.68 on Thursday. 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 cap of $144.79 billion, a P/E ratio of 22.68, a P/E/G ratio of 2.20 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $199.97 and a fifty-two week high of $258.66. The firm’s 50 day moving average is $245.92 and its two-hundred day moving average is $238.62.

Union Pacific (NYSE:UNP) last issued its earnings results 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 business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter last year, the firm posted $2.57 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. Analysts expect that Union Pacific Co. will post 11.1 EPS 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 $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 51.15%.

Union Pacific 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.