Tealwood Asset Management Inc. Invests $2.40 Million in Union Pacific Co. (NYSE:UNP)

Tealwood Asset Management Inc. acquired a new stake in Union Pacific Co. (NYSE:UNP) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,726 shares of the railroad operator’s stock, valued at approximately $2,397,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Traveka Wealth LLC increased its position in shares of Union Pacific by 3.4% during the third quarter. Traveka Wealth LLC now owns 1,357 shares of the railroad operator’s stock valued at $335,000 after acquiring an additional 45 shares during the last quarter. Insight Wealth Strategies LLC raised its position in Union Pacific by 2.8% in the third quarter. Insight Wealth Strategies LLC now owns 9,172 shares of the railroad operator’s stock valued at $2,261,000 after purchasing an additional 248 shares during the period. Marion Wealth Management grew its stake in shares of Union Pacific by 4.2% in the third quarter. Marion Wealth Management now owns 6,056 shares of the railroad operator’s stock valued at $1,493,000 after buying an additional 244 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its stake in Union Pacific by 0.6% during the 3rd quarter. Dynamic Advisor Solutions LLC now owns 32,063 shares of the railroad operator’s stock worth $7,903,000 after acquiring an additional 184 shares in the last quarter. Finally, Axiom Advisory LLC grew its position in Union Pacific by 2.7% in the 3rd quarter. Axiom Advisory LLC now owns 2,496 shares of the railroad operator’s stock valued at $601,000 after acquiring an additional 66 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on UNP. Benchmark restated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Monday, July 29th. Bank of America reduced their price objective on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, September 24th. Barclays lowered their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research note on Friday, July 26th. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Finally, Stifel Nicolaus reduced their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and an average target price of $259.32.

Union Pacific Stock Performance

Shares of NYSE UNP traded up $1.40 during midday trading on Tuesday, reaching $238.27. 401,043 shares of the company were exchanged, compared to its average volume of 2,275,241. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 1 year low of $199.97 and a 1 year high of $258.66. The stock has a fifty day simple moving average of $246.08 and a 200 day simple moving average of $238.68. The stock has a market cap of $145.37 billion, a P/E ratio of 22.67, a PEG ratio of 2.24 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same quarter last year, the company posted $2.57 earnings per share. The business’s revenue was up .7% on a year-over-year basis. On average, research analysts forecast that Union Pacific Co. will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is currently 51.15%.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.28% of the stock is owned by corporate insiders.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.