Chesley Taft & Associates LLC Has $7.93 Million Stake in Union Pacific Co. (UNP)
Chesley Taft & Associates LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 48,668 shares of the railroad operator’s stock after selling 685 shares during the period. Chesley Taft & Associates LLC’s holdings in Union Pacific were worth $7,925,000 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 UNP. Rathbone Brothers plc boosted its stake in Union Pacific by 4.2% in the third quarter. Rathbone Brothers plc now owns 44,155 shares of the railroad operator’s stock valued at $7,190,000 after buying an additional 1,790 shares in the last quarter. BLB&B Advisors LLC boosted its stake in Union Pacific by 9.7% in the third quarter. BLB&B Advisors LLC now owns 4,222 shares of the railroad operator’s stock valued at $687,000 after buying an additional 374 shares in the last quarter. Grassi Investment Management boosted its stake in Union Pacific by 2.5% in the third quarter. Grassi Investment Management now owns 58,002 shares of the railroad operator’s stock valued at $9,444,000 after buying an additional 1,425 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new stake in Union Pacific in the third quarter valued at about $667,000. Finally, KAMES CAPITAL plc boosted its stake in Union Pacific by 26.3% in the third quarter. KAMES CAPITAL plc now owns 13,609 shares of the railroad operator’s stock valued at $2,216,000 after buying an additional 2,835 shares in the last quarter. 80.43% of the stock is currently owned by institutional investors.
In other news, EVP Lynden L. Tennison sold 8,450 shares of the firm’s stock in a transaction dated Tuesday, August 28th. The stock was sold at an average price of $151.72, for a total transaction of $1,282,034.00. Following the completion of the transaction, the executive vice president now directly owns 53,978 shares in the company, valued at $8,189,542.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Robert M. Knight, Jr. sold 20,000 shares of the firm’s stock in a transaction dated Monday, September 24th. The stock was sold at an average price of $163.81, for a total value of $3,276,200.00. Following the transaction, the executive vice president now owns 106,518 shares of the company’s stock, valued at $17,448,713.58. The disclosure for this sale can be found here. 0.20% of the stock is currently owned by company insiders.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 19th. The railroad operator reported $1.98 EPS for the quarter, beating the consensus estimate of $1.94 by $0.04. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.65 billion. Union Pacific had a return on equity of 23.63% and a net margin of 51.31%. The business’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. On average, research analysts anticipate that Union Pacific Co. will post 7.77 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Shareholders of record on Friday, August 31st were given a $0.80 dividend. The ex-dividend date was Thursday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $0.73. This represents a $3.20 annualized dividend and a yield of 2.10%. Union Pacific’s dividend payout ratio (DPR) is currently 55.27%.
Several analysts recently weighed in on UNP shares. ValuEngine lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Monday, July 2nd. Zacks Investment Research raised Union Pacific from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research note on Wednesday, July 18th. Cowen reaffirmed a “hold” rating and issued a $151.00 price objective on shares of Union Pacific in a research note on Thursday, July 19th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $145.00 price objective on shares of Union Pacific in a research note on Friday, July 20th. Finally, Morgan Stanley raised their price objective on Union Pacific from $136.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $160.94.
Union Pacific Profile
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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