Moors & Cabot Inc. Acquires 5,078 Shares of Union Pacific Co. (NYSE:UNP)

Moors & Cabot Inc. grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 20.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the railroad operator’s stock after acquiring an additional 5,078 shares during the period. Moors & Cabot Inc.’s holdings in Union Pacific were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Jacobi Capital Management LLC grew its position in shares of Union Pacific by 0.6% during the 2nd quarter. Jacobi Capital Management LLC now owns 7,478 shares of the railroad operator’s stock valued at $1,645,000 after acquiring an additional 45 shares during the period. Legacy Bridge LLC grew its position in shares of Union Pacific by 1.2% during the 3rd quarter. Legacy Bridge LLC now owns 3,685 shares of the railroad operator’s stock valued at $722,000 after acquiring an additional 45 shares during the period. Old Port Advisors boosted its holdings in Union Pacific by 1.4% in the 3rd quarter. Old Port Advisors now owns 3,419 shares of the railroad operator’s stock worth $726,000 after buying an additional 48 shares during the period. Greenwich Wealth Management LLC boosted its holdings in Union Pacific by 2.2% in the 3rd quarter. Greenwich Wealth Management LLC now owns 2,202 shares of the railroad operator’s stock worth $432,000 after buying an additional 48 shares during the period. Finally, Private Portfolio Partners LLC boosted its holdings in Union Pacific by 2.6% in the 3rd quarter. Private Portfolio Partners LLC now owns 1,861 shares of the railroad operator’s stock worth $365,000 after buying an additional 48 shares during the period. 76.76% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE UNP opened at $246.27 on Friday. The firm’s 50-day moving average price is $245.06 and its 200-day moving average price is $228.12. The company has a current ratio of 0.75, a quick ratio of 0.62 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $158.32 billion, a price-to-earnings ratio of 26.37, a P/E/G ratio of 2.19 and a beta of 1.20. Union Pacific Co. has a 12-month low of $193.14 and a 12-month high of $256.11.

Union Pacific (NYSE:UNP) last announced its earnings results on Wednesday, October 20th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.48 by $0.09. The firm had revenue of $5.57 billion for the quarter, compared to analysts’ expectations of $5.39 billion. Union Pacific had a net margin of 29.19% and a return on equity of 41.68%. The business’s revenue was up 13.2% compared to the same quarter last year. During the same period in the prior year, the company earned $2.01 EPS. On average, equities analysts predict that Union Pacific Co. will post 9.93 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, December 30th. Investors of record on Monday, December 20th were issued a dividend of $1.18 per share. This represents a $4.72 annualized dividend and a yield of 1.92%. This is an increase from Union Pacific’s previous quarterly dividend of $1.07. The ex-dividend date was Friday, December 17th. Union Pacific’s dividend payout ratio is presently 50.54%.

Several brokerages recently weighed in on UNP. Morgan Stanley upped their target price on shares of Union Pacific from $205.00 to $215.00 and gave the stock an “equal weight” rating in a report on Thursday, October 28th. JPMorgan Chase & Co. raised shares of Union Pacific from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $234.00 to $247.00 in a report on Friday, October 8th. Royal Bank of Canada upped their target price on shares of Union Pacific from $227.00 to $252.00 and gave the stock an “outperform” rating in a report on Friday, October 22nd. Raymond James upped their target price on shares of Union Pacific from $262.00 to $290.00 and gave the stock a “strong-buy” rating in a report on Friday, January 7th. Finally, Citigroup boosted their price target on shares of Union Pacific from $245.00 to $287.00 in a research note on Wednesday, January 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and an average price target of $255.83.

In related news, CFO Jennifer L. Hamann sold 500 shares of the company’s stock in a transaction dated Monday, October 25th. The shares were sold at an average price of $238.00, for a total transaction of $119,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Elizabeth F. Whited sold 7,500 shares of the company’s stock in a transaction dated Friday, November 26th. The shares were sold at an average price of $240.21, for a total transaction of $1,801,575.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,510 shares of company stock worth $2,535,525 over the last quarter. 0.20% of the stock is currently owned by insiders.

Union Pacific Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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

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