Saxon Interests Inc. Acquires 151 Shares of Union Pacific Co. (NYSE:UNP)

Saxon Interests Inc. boosted its stake in Union Pacific Co. (NYSE:UNP) by 6.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,643 shares of the railroad operator’s stock after acquiring an additional 151 shares during the period. Saxon Interests Inc.’s holdings in Union Pacific were worth $651,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Personal CFO Solutions LLC boosted its position in Union Pacific by 15.6% during the 4th quarter. Personal CFO Solutions LLC now owns 1,627 shares of the railroad operator’s stock valued at $400,000 after acquiring an additional 220 shares in the last quarter. Unigestion Holding SA lifted its stake in shares of Union Pacific by 370.8% in the 4th quarter. Unigestion Holding SA now owns 9,045 shares of the railroad operator’s stock valued at $2,222,000 after purchasing an additional 7,124 shares during the period. MGO One Seven LLC boosted its position in shares of Union Pacific by 5.0% during the fourth quarter. MGO One Seven LLC now owns 12,459 shares of the railroad operator’s stock valued at $3,060,000 after purchasing an additional 588 shares in the last quarter. Icon Wealth Advisors LLC purchased a new stake in Union Pacific in the fourth quarter worth $675,000. Finally, Ethic Inc. raised its holdings in Union Pacific by 26.8% in the fourth quarter. Ethic Inc. now owns 25,474 shares of the railroad operator’s stock worth $6,257,000 after purchasing an additional 5,379 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and dropped their target price for the company from $276.00 to $238.00 in a report on Monday, June 17th. Susquehanna upped their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 2nd. BMO Capital Markets decreased their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, September 20th. Citigroup assumed coverage on shares of Union Pacific in a research note on Wednesday. They set a “neutral” rating and a $264.00 target price on the stock. Finally, StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Nine investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $259.55.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were 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 in the company, valued at $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 is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Price Performance

Union Pacific stock traded down $0.66 during mid-day trading on Wednesday, hitting $236.90. The stock had a trading volume of 466,292 shares, compared to its average volume of 2,273,272. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average is $245.92 and its 200 day moving average is $238.62. The firm has a market capitalization of $144.32 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.20 and a beta of 1.05. Union Pacific Co. has a one year low of $199.97 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter last year, the business posted $2.57 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, sell-side analysts forecast that Union Pacific Co. will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were given a dividend of $1.34 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.26%. Union Pacific’s dividend payout ratio is currently 51.15%.

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.