The Tower Bridge Advisors Lowers Position in Union Pacific Corp. (UNP)

The Tower Bridge Advisors Lowers Position in Union Pacific Corp. (UNP)

Tower Bridge Advisors decreased its stake in shares of Union Pacific Corp. (NYSE:UNP) by 0.6% during the third quarter, Holdings Channel reports. The institutional investor owned 15,471 shares of the railroad operator’s stock after selling 100 shares during the period. Tower Bridge Advisors’ holdings in Union Pacific Corp. were worth $1,509,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the stock. West Oak Capital LLC raised its stake in shares of Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock valued at $107,000 after buying an additional 64 shares during the period. Lenox Wealth Advisors Inc. raised its stake in shares of Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock valued at $114,000 after buying an additional 55 shares during the period. Cornerstone Advisors Inc. raised its stake in shares of Union Pacific Corp. by 379.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,247 shares of the railroad operator’s stock valued at $122,000 after buying an additional 987 shares during the period. Tradewinds Capital Management LLC raised its stake in shares of Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock valued at $119,000 after buying an additional 250 shares during the period. Finally, Delphi Private Advisors LLC raised its stake in shares of Union Pacific Corp. by 0.8% in the second quarter. Delphi Private Advisors LLC now owns 1,547 shares of the railroad operator’s stock valued at $135,000 after buying an additional 13 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Corp. (NYSE:UNP) traded up 2.38% during midday trading on Thursday, hitting $106.24. The company had a trading volume of 10,103,880 shares. Union Pacific Corp. has a 52 week low of $67.06 and a 52 week high of $108.98. The stock has a 50 day moving average price of $103.91 and a 200 day moving average price of $96.57. The company has a market capitalization of $87.55 billion, a P/E ratio of 21.29 and a beta of 0.73.

Union Pacific Corp. (NYSE:UNP) last posted its quarterly earnings data on Thursday, January 19th. The railroad operator reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. The business earned $5.20 billion during the quarter, compared to analyst estimates of $5.09 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. The company’s revenue for the quarter was down .8% on a year-over-year basis. During the same period last year, the company earned $1.31 EPS. Equities analysts forecast that Union Pacific Corp. will post $5.01 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 29th. Stockholders of record on Wednesday, November 30th were paid a $0.605 dividend. This represents a $2.42 annualized dividend and a dividend yield of 2.28%. This is a positive change from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date was Monday, November 28th. Union Pacific Corp.’s dividend payout ratio (DPR) is presently 48.40%.

Several equities research analysts recently weighed in on the company. RBC Capital Markets lowered Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and decreased their price objective for the stock from $107.00 to $98.00 in a report on Friday, October 21st. Vetr downgraded Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $99.75 target price for the company. in a research note on Thursday, December 1st. Aegis assumed coverage on Union Pacific Corp. in a research note on Monday, October 24th. They issued a “buy” rating and a $105.00 target price for the company. Deutsche Bank AG restated a “top pick” rating and issued a $110.00 target price on shares of Union Pacific Corp. in a research note on Monday, November 14th. Finally, Buckingham Research assumed coverage on Union Pacific Corp. in a research note on Wednesday. They issued a “neutral” rating and a $102.00 target price for the company. Three investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. Union Pacific Corp. has a consensus rating of “Hold” and a consensus target price of $97.87.

In related news, EVP Eric L. Butler sold 23,198 shares of the firm’s stock in a transaction that occurred on Friday, December 9th. The stock was sold at an average price of $104.94, for a total transaction of $2,434,398.12. Following the completion of the sale, the executive vice president now directly owns 232,538 shares of the company’s stock, valued at approximately $24,402,537.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Diane K. Duren sold 2,840 shares of the firm’s stock in a transaction that occurred on Friday, November 18th. The stock was sold at an average price of $98.98, for a total value of $281,103.20. Following the sale, the executive vice president now directly owns 128,701 shares of the company’s stock, valued at $12,738,824.98. The disclosure for this sale can be found here. Insiders sold a total of 40,838 shares of company stock valued at $4,237,385 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

About Union Pacific Corp.

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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