Rep. Mike Kelly Sells Off Shares of Union Pacific Co. (NYSE:UNP)

Representative Mike Kelly (R-Pennsylvania) recently sold shares of Union Pacific Co. (NYSE:UNP). In a filing disclosed on December 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Union Pacific stock on November 8th. The trade occurred in the Representative’s “VICTORIA KELLY TRUST ICA” account.

Representative Mike Kelly also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/8/2024.

Union Pacific Stock Down 0.0 %

Shares of UNP opened at $233.70 on Friday. The company has a debt-to-equity ratio of 1.79, a quick ratio of 0.63 and a current ratio of 0.77. The company has a 50-day simple moving average of $238.60 and a 200-day simple moving average of $238.30. Union Pacific Co. has a 52 week low of $218.55 and a 52 week high of $258.66. The firm has a market capitalization of $141.68 billion, a P/E ratio of 21.47, a P/E/G ratio of 2.31 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.51 EPS. On average, equities research analysts expect that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 9th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date is Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is presently 49.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Cultivar Capital Inc. acquired a new position in shares of Union Pacific during the second quarter valued at about $27,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Union Pacific during the second quarter worth approximately $28,000. Financial Gravity Asset Management Inc. lifted its holdings in shares of Union Pacific by 3,250.0% in the 2nd quarter. Financial Gravity Asset Management Inc. now owns 134 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 130 shares in the last quarter. Catalyst Capital Advisors LLC acquired a new stake in Union Pacific in the 3rd quarter valued at $30,000. Finally, Fairscale Capital LLC acquired a new position in Union Pacific during the second quarter worth $31,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Friday, October 25th. Wells Fargo & Company lowered their price objective on shares of Union Pacific from $270.00 to $255.00 and set an “overweight” rating for the company in a research report on Friday, October 25th. Bank of America reduced their price target on Union Pacific from $273.00 to $270.00 and set a “buy” rating for the company in a research report on Tuesday, September 24th. Raymond James boosted their price objective on shares of Union Pacific from $265.00 to $275.00 and gave the stock a “strong-buy” rating in a research note on Monday, October 14th. Finally, Robert W. Baird cut their price objective on shares of Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Nine research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $259.80.

About Representative Kelly

Mike Kelly (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 16th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Kelly (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 16th Congressional District. He declared candidacy for the 2024 election. Prior to joining Congress, Kelly served on the Butler County council and the Butler area school board. At the start of the 116th Congress, Kelly was named the ranking member of the Subcommittee on Oversight of the House Committee on Ways and Means. He was described by the Pittsburgh Post-Gazette in January 2019 as “a fiscal conservative and Donald Trump loyalist.”

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.