The RiverPoint Capital Management LLC Increases Position in Union Pacific Corporation (UNP)

The RiverPoint Capital Management LLC Increases Position in Union Pacific Corporation (UNP)

RiverPoint Capital Management LLC increased its position in shares of Union Pacific Corporation (NYSE:UNP) by 19.7% during the third quarter, Holdings Channel reports. The fund owned 3,283 shares of the railroad operator’s stock after buying an additional 541 shares during the period. RiverPoint Capital Management LLC’s holdings in Union Pacific Corporation were worth $320,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Traynor Capital Management Inc. raised its position in shares of Union Pacific Corporation by 0.4% in the third quarter. Traynor Capital Management Inc. now owns 2,702 shares of the railroad operator’s stock worth $262,000 after buying an additional 11 shares during the last quarter. Fernwood Investment Management LLC raised its position in shares of Union Pacific Corporation by 1.1% in the third quarter. Fernwood Investment Management LLC now owns 19,220 shares of the railroad operator’s stock worth $1,875,000 after buying an additional 200 shares during the last quarter. Weik Investment Services Inc. raised its position in shares of Union Pacific Corporation by 0.5% in the third quarter. Weik Investment Services Inc. now owns 19,090 shares of the railroad operator’s stock worth $1,862,000 after buying an additional 100 shares during the last quarter. State Farm Mutual Automobile Insurance Co. raised its position in shares of Union Pacific Corporation by 1.3% in the third quarter. State Farm Mutual Automobile Insurance Co. now owns 4,088,103 shares of the railroad operator’s stock worth $398,714,000 after buying an additional 52,230 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ raised its position in shares of Union Pacific Corporation by 1.4% in the third quarter. Skandinaviska Enskilda Banken AB publ now owns 142,884 shares of the railroad operator’s stock worth $13,936,000 after buying an additional 2,000 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Corporation (NYSE:UNP) traded up 0.39% during midday trading on Wednesday, reaching $103.77. 5,363,940 shares of the company traded hands. The firm has a 50-day moving average price of $103.92 and a 200-day moving average price of $96.52. Union Pacific Corporation has a one year low of $67.06 and a one year high of $106.62. The firm has a market capitalization of $85.52 billion, a price-to-earnings ratio of 20.80 and a beta of 0.73.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th were paid a dividend of $0.605 per share. The ex-dividend date was Monday, November 28th. This is a boost from Union Pacific Corporation’s previous quarterly dividend of $0.55. This represents a $2.42 annualized dividend and a yield of 2.33%. Union Pacific Corporation’s dividend payout ratio (DPR) is 48.40%.

A number of brokerages have weighed in on UNP. Buckingham Research began coverage on shares of Union Pacific Corporation in a research note on Wednesday. They issued a “neutral” rating and a $102.00 price target on the stock. Barclays PLC upgraded shares of Union Pacific Corporation from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $104.00 to $122.00 in a report on Monday, January 9th. Vetr downgraded shares of Union Pacific Corporation from a “hold” rating to a “sell” rating and set a $99.75 price objective on the stock. in a report on Thursday, December 1st. Deutsche Bank AG reiterated a “top pick” rating and issued a $110.00 price objective on shares of Union Pacific Corporation in a report on Monday, November 14th. Finally, Aegis began coverage on shares of Union Pacific Corporation in a report on Monday, October 24th. They issued a “buy” rating and a $105.00 price objective on the stock. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $97.87.

In other Union Pacific Corporation news, Director Steven R. Rogel sold 7,400 shares of the firm’s stock in a transaction on Tuesday, November 22nd. The stock was sold at an average price of $100.51, for a total transaction of $743,774.00. Following the transaction, the director now directly owns 11,400 shares in the company, valued at approximately $1,145,814. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Eric L. Butler sold 23,198 shares of the firm’s stock in a transaction on Friday, December 9th. The shares were sold at an average price of $104.94, for a total value of $2,434,398.12. Following the transaction, the executive vice president now owns 232,538 shares in the company, valued at $24,402,537.72. The disclosure for this sale can be found here. Company insiders own 0.14% of the company’s stock.

About Union Pacific Corporation

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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