Quest Capital Management Inc. ADV Has $1.17 Million Stock Position in Union Pacific Co. (NYSE:UNP)
Quest Capital Management Inc. ADV lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 99.4% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,935 shares of the railroad operator’s stock after selling 1,105,143 shares during the period. Quest Capital Management Inc. ADV’s holdings in Union Pacific were worth $1,173,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of UNP. FMR LLC grew its position in Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after acquiring an additional 3,653,756 shares during the last quarter. Geode Capital Management LLC grew its position in Union Pacific by 7.7% during the 4th quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after acquiring an additional 688,775 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Union Pacific by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,425,071 shares of the railroad operator’s stock worth $473,437,000 after acquiring an additional 22,644 shares during the last quarter. Boston Partners grew its position in Union Pacific by 21.4% during the 1st quarter. Boston Partners now owns 2,973,712 shares of the railroad operator’s stock worth $497,205,000 after acquiring an additional 524,537 shares during the last quarter. Finally, Ellis Investment Partners LLC grew its position in Union Pacific by 16,626.5% during the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock worth $2,689,000 after acquiring an additional 2,673,049 shares during the last quarter. 78.28% of the stock is owned by institutional investors.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 9.96% of the stock is currently owned by corporate insiders.
Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter in the prior year, the company earned $1.98 EPS. The firm’s revenue for the quarter was down 1.3% compared to the same quarter last year. Equities research analysts anticipate that Union Pacific Co. will post 8.94 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $0.97 per share. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a yield of 2.29%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is 44.50%.
UNP has been the topic of a number of research reports. Credit Suisse Group set a $203.00 price objective on Union Pacific and gave the stock a “buy” rating in a research report on Friday, July 19th. TD Securities boosted their price objective on Union Pacific from $170.00 to $180.00 and gave the stock a “hold” rating in a research report on Monday, April 22nd. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $190.00 to $170.00 in a research report on Thursday, June 13th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective on the stock in a research report on Monday, July 22nd. Finally, Deutsche Bank boosted their price objective on Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $182.62.
Union Pacific Company Profile
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; and 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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