Magellan Asset Management Ltd Has $53.57 Million Position in Union Pacific Co. (UNP)

Magellan Asset Management Ltd reduced its holdings in Union Pacific Co. (NYSE:UNP) by 18.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 328,998 shares of the railroad operator’s stock after selling 74,151 shares during the quarter. Union Pacific accounts for 0.2% of Magellan Asset Management Ltd’s portfolio, making the stock its 26th largest position. Magellan Asset Management Ltd’s holdings in Union Pacific were worth $53,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Landaas & Co. WI ADV acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $133,000. grace capital acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $142,000. Parkside Investments LLC acquired a new stake in Union Pacific in the 3rd quarter valued at approximately $185,000. Brand Asset Management Group Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at approximately $169,000. Finally, Sanchez Wealth Management Group acquired a new stake in Union Pacific in the 3rd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 79.42% of the company’s stock.

UNP has been the subject of a number of research reports. TD Securities lowered Union Pacific from a “buy” rating to a “hold” rating and decreased their price target for the company from $170.00 to $160.00 in a research note on Friday, October 26th. Bank of America increased their price target on Union Pacific from $158.00 to $166.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $176.00 price target for the company in a research note on Wednesday, September 19th. Wolfe Research set a $185.00 price target on Union Pacific and gave the company a “buy” rating in a research note on Tuesday, September 18th. Finally, Loop Capital raised Union Pacific from a “hold” rating to a “buy” rating in a research note on Tuesday, September 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $165.24.

Shares of NYSE UNP opened at $153.03 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.06 and a quick ratio of 0.89. The firm has a market cap of $112.75 billion, a price-to-earnings ratio of 26.43, a PEG ratio of 1.83 and a beta of 0.94. Union Pacific Co. has a 1 year low of $121.22 and a 1 year high of $165.63.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 25th. The railroad operator reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.05. The business had revenue of $5.93 billion during the quarter, compared to analyst estimates of $5.88 billion. Union Pacific had a return on equity of 25.02% and a net margin of 51.90%. During the same period last year, the company posted $1.50 EPS. Equities research analysts forecast that Union Pacific Co. will post 7.85 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, November 30th will be paid a dividend of $0.80 per share. This represents a $3.20 annualized dividend and a dividend yield of 2.09%. The ex-dividend date of this dividend is Thursday, November 29th. Union Pacific’s dividend payout ratio is presently 55.27%.

In other news, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction on Monday, September 24th. The stock was sold at an average price of $163.81, for a total transaction of $3,276,200.00. Following the completion of the sale, the executive vice president now directly owns 106,518 shares of the company’s stock, valued at approximately $17,448,713.58. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.20% of the company’s stock.

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About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates railroads in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, and food and beverage products; automotive, such as finished vehicles and automotive parts; and chemicals comprising industrial chemicals, plastics, fertilizers, petroleum and liquid petroleum gases, crude oil, and soda ash.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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