Callan Family Office LLC Grows Stock Position in Union Pacific Co. (NYSE:UNP)

Callan Family Office LLC grew its holdings in shares of Union Pacific Co. (NYSE:UNP) by 7.1% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,546 shares of the railroad operator’s stock after purchasing an additional 236 shares during the quarter. Callan Family Office LLC’s holdings in Union Pacific were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BNP Paribas purchased a new stake in Union Pacific in the 1st quarter worth approximately $1,088,000. Envestnet Portfolio Solutions Inc. increased its holdings in Union Pacific by 19.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock worth $31,078,000 after acquiring an additional 20,173 shares in the last quarter. Shellback Capital LP increased its holdings in Union Pacific by 28.2% in the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock worth $4,525,000 after acquiring an additional 4,400 shares in the last quarter. Peoples Bank KS purchased a new stake in Union Pacific in the 3rd quarter worth approximately $834,000. Finally, M&G Plc bought a new position in Union Pacific in the 1st quarter worth approximately $10,378,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

Shares of UNP stock opened at $236.88 on Tuesday. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The stock’s 50-day moving average is $246.18 and its 200 day moving average is $238.75. The company has a market cap of $144.52 billion, a P/E ratio of 22.60, a PEG ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86.

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

Union Pacific Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 2.26%. The ex-dividend date of this dividend was Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 51.15%.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent analyst reports. BMO Capital Markets dropped their price target on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, September 20th. TD Cowen lowered their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Susquehanna increased their target price on Union Pacific from $250.00 to $260.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Evercore ISI downgraded Union Pacific from an “outperform” rating to an “inline” rating and lowered their target price for the company from $254.00 to $247.00 in a research report on Wednesday, September 25th. Finally, Daiwa America downgraded Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $259.32.

Union Pacific Company 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.