Marketfield Asset Management LLC Reduces Position in Union Pacific Co. (NYSE:UNP)
Marketfield Asset Management LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 5.2% during the third quarter, HoldingsChannel reports. The institutional investor owned 32,812 shares of the railroad operator’s stock after selling 1,813 shares during the quarter. Union Pacific accounts for about 3.2% of Marketfield Asset Management LLC’s holdings, making the stock its 11th biggest position. Marketfield Asset Management LLC’s holdings in Union Pacific were worth $5,315,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Community Bank & Trust Waco Texas lifted its holdings in shares of Union Pacific by 0.3% in the 2nd quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after buying an additional 60 shares during the period. YorkBridge Wealth Partners LLC lifted its holdings in shares of Union Pacific by 2.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock valued at $442,000 after buying an additional 60 shares during the period. 1ST Source Bank lifted its holdings in shares of Union Pacific by 1.6% in the 2nd quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock valued at $641,000 after buying an additional 61 shares during the period. Cresset Asset Management LLC lifted its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Cresset Asset Management LLC now owns 13,308 shares of the railroad operator’s stock valued at $2,251,000 after buying an additional 63 shares during the period. Finally, Vicus Capital lifted its holdings in shares of Union Pacific by 2.3% in the 2nd quarter. Vicus Capital now owns 2,923 shares of the railroad operator’s stock valued at $494,000 after buying an additional 66 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.
In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.96% of the company’s stock.
Shares of Union Pacific stock traded up $0.10 during trading hours on Wednesday, hitting $163.24. The company’s stock had a trading volume of 1,516,018 shares, compared to its average volume of 3,684,148. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The firm has a fifty day moving average of $162.24 and a 200-day moving average of $168.88. The stock has a market cap of $113.70 billion, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72.
Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the Thomson Reuters’ 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 business 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 posted $1.98 EPS. The company’s quarterly revenue was down 1.3% on a year-over-year basis. On average, sell-side analysts expect that Union Pacific Co. will post 8.83 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 2.38%. The ex-dividend date of this dividend was Thursday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio is 49.05%.
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; 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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