Isthmus Partners LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 21.8% in the 4th quarter, Holdings Channel reports. The firm owned 5,308 shares of the railroad operator’s stock after selling 1,484 shares during the period. Isthmus Partners LLC’s holdings in Union Pacific were worth $734,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Andra AP fonden lifted its position in shares of Union Pacific by 23.3% during the 3rd quarter. Andra AP fonden now owns 12,700 shares of the railroad operator’s stock worth $2,068,000 after buying an additional 2,400 shares during the last quarter. First Midwest Bank Trust Division lifted its position in shares of Union Pacific by 13.7% during the 3rd quarter. First Midwest Bank Trust Division now owns 6,217 shares of the railroad operator’s stock worth $1,012,000 after buying an additional 750 shares during the last quarter. Dearborn Partners LLC lifted its position in shares of Union Pacific by 0.5% during the 3rd quarter. Dearborn Partners LLC now owns 140,777 shares of the railroad operator’s stock worth $22,923,000 after buying an additional 755 shares during the last quarter. Balasa Dinverno & Foltz LLC lifted its position in shares of Union Pacific by 14.3% during the 3rd quarter. Balasa Dinverno & Foltz LLC now owns 4,447 shares of the railroad operator’s stock worth $724,000 after buying an additional 555 shares during the last quarter. Finally, Calton & Associates Inc. bought a new stake in shares of Union Pacific during the 3rd quarter worth $222,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.
Several brokerages recently weighed in on UNP. Deutsche Bank upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $175.00 price objective for the company in a research report on Tuesday, November 27th. Scotiabank upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and dropped their target price for the company from $175.00 to $165.00 in a research report on Monday, January 7th. Zacks Investment Research upgraded Union Pacific from a “hold” rating to a “buy” rating and set a $169.00 target price for the company in a research report on Tuesday, November 20th. Seaport Global Securities upgraded Union Pacific from a “neutral” rating to a “buy” rating and set a $165.00 target price for the company in a research report on Tuesday, January 8th. Finally, Loop Capital increased their target price on Union Pacific from $188.00 to $193.00 and gave the company a “positive” rating in a research report on Thursday, January 24th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. Union Pacific presently has a consensus rating of “Buy” and a consensus target price of $169.39.
Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, January 24th. The railroad operator reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.06 by $0.06. The company had revenue of $5.76 billion during the quarter, compared to analysts’ expectations of $5.73 billion. Union Pacific had a return on equity of 27.95% and a net margin of 26.13%. The business’s quarterly revenue was up 5.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.53 earnings per share. On average, research analysts anticipate that Union Pacific Co. will post 9.07 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Thursday, February 28th will be paid a $0.88 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.80. The ex-dividend date of this dividend is Wednesday, February 27th. This represents a $3.52 annualized dividend and a dividend yield of 2.07%. Union Pacific’s dividend payout ratio is presently 40.46%.
Union Pacific announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 7th that authorizes the company to repurchase 150,000,000 shares. This repurchase authorization authorizes the railroad operator to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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