Resources Management Corp CT ADV Sells 100 Shares of Union Pacific Co. (NYSE:UNP)

Resources Management Corp CT ADV lessened its stake in Union Pacific Co. (NYSE:UNP) by 1.6% during the third quarter, Holdings Channel reports. The firm owned 6,110 shares of the railroad operator’s stock after selling 100 shares during the period. Resources Management Corp CT ADV’s holdings in Union Pacific were worth $1,506,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Shellback Capital LP boosted its holdings in Union Pacific by 28.2% during 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 during the last quarter. Peoples Bank KS bought a new position in shares of Union Pacific during the third quarter valued at about $834,000. Maj Invest Holding A S boosted its holdings in Union Pacific by 0.3% during the third quarter. Maj Invest Holding A S now owns 676,098 shares of the railroad operator’s stock worth $166,645,000 after purchasing an additional 2,202 shares during the last quarter. Radnor Capital Management LLC bought a new stake in Union Pacific in the 3rd quarter worth about $2,923,000. Finally, Signature Estate & Investment Advisors LLC increased its stake in Union Pacific by 190.5% in the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 4,430 shares of the railroad operator’s stock valued at $1,092,000 after buying an additional 2,905 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Royal Bank of Canada cut their target price on Union Pacific from $288.00 to $283.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Stifel Nicolaus cut their price objective on Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Benchmark reissued a “buy” rating and issued a $266.00 price target on shares of Union Pacific in a report on Friday, October 25th. Finally, Evercore ISI cut shares of Union Pacific from an “outperform” rating to an “inline” rating and dropped their target price for the company from $254.00 to $247.00 in a research note on Wednesday, September 25th. Nine equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $259.80.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $233.54 on Tuesday. Union Pacific Co. has a 12 month low of $218.55 and a 12 month high of $258.66. The company has a current ratio of 0.77, a quick ratio of 0.63 and a debt-to-equity ratio of 1.79. The stock has a market cap of $141.59 billion, a P/E ratio of 21.45, a P/E/G ratio of 2.31 and a beta of 1.05. The company has a 50 day moving average of $238.96 and a 200 day moving average of $238.29.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 24th. The railroad operator reported $2.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion during the quarter, compared to analysts’ expectations of $6.14 billion. During the same quarter last year, the business posted $2.51 EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Investors of record on Monday, December 9th will be given a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, December 9th. Union Pacific’s dividend payout ratio (DPR) is 49.22%.

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.