Daymark Wealth Partners LLC Sells 193 Shares of Union Pacific Co. (NYSE:UNP)

Daymark Wealth Partners LLC reduced its holdings in Union Pacific Co. (NYSE:UNP) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,748 shares of the railroad operator’s stock after selling 193 shares during the quarter. Daymark Wealth Partners LLC’s holdings in Union Pacific were worth $6,346,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of UNP. BNP Paribas acquired a new stake in shares of Union Pacific in the first quarter valued at $1,088,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of Union Pacific by 19.0% in the first 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 during the last quarter. Shellback Capital LP grew its stake in shares of Union Pacific by 28.2% during the second quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after purchasing an additional 4,400 shares during the last quarter. Peoples Bank KS acquired a new stake in Union Pacific in the third quarter worth about $834,000. Finally, M&G Plc bought a new stake in shares of Union Pacific during the first quarter worth approximately $10,378,000. 80.38% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark restated a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Sanford C. Bernstein decreased their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. BMO Capital Markets cut their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Royal Bank of Canada boosted their price objective on shares of Union Pacific from $275.00 to $288.00 and gave the company an “outperform” rating in a report on Monday, September 30th. Finally, Bank of America cut their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Nine investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.55.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. This represents a 0.00 % decrease in their ownership of the stock. The transaction 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.

Union Pacific Stock Performance

UNP traded down $0.53 during trading on Wednesday, hitting $237.03. The stock had a trading volume of 510,719 shares, compared to its average volume of 2,273,500. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company has a 50 day moving average price of $245.92 and a 200-day moving average price of $238.62. Union Pacific Co. has a one year low of $199.97 and a one year high of $258.66. The firm has a market cap of $144.40 billion, a price-to-earnings ratio of 22.67, a P/E/G ratio of 2.20 and a beta of 1.05.

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

Union Pacific Increases Dividend

The business 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. The ex-dividend date of this dividend was Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.26%. Union Pacific’s payout ratio is currently 51.15%.

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.