Monterey Private Wealth Inc. Reduces Position in Union Pacific Co. (NYSE:UNP)

Monterey Private Wealth Inc. lessened its position in Union Pacific Co. (NYSE:UNP) by 10.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,190 shares of the railroad operator’s stock after selling 134 shares during the period. Monterey Private Wealth Inc.’s holdings in Union Pacific were worth $293,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UNP. Forum Financial Management LP grew its holdings in shares of Union Pacific by 0.6% during the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares during the period. Prestige Wealth Management Group LLC lifted its holdings in Union Pacific by 1.4% during the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after buying an additional 42 shares during the last quarter. Fairhaven Wealth Management LLC boosted its holdings in Union Pacific by 1.7% in the second quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares during the period. Chesapeake Wealth Management raised its stake in Union Pacific by 0.5% during the second quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares during the period. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Down 1.1 %

Shares of UNP opened at $240.64 on Friday. The stock’s fifty day simple moving average is $246.21 and its 200-day simple moving average is $238.87. The firm has a market capitalization of $146.82 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping 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 company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the company earned $2.57 EPS. Union Pacific’s revenue was up .7% on a year-over-year basis. As a group, research analysts predict that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $1.34 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.23%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 51.15%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on UNP shares. Royal Bank of Canada lifted their price target on Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday. BMO Capital Markets reduced their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Stifel Nicolaus lowered their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and lowered their target price for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average price target of $259.32.

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.