Today, Wellington Shields & Co. LLC decides to keep it stake in Union Pacific Corp. (UNP) to the level of $1,494,000

Today, Wellington Shields & Co. LLC decides to keep it stake in Union Pacific Corp. (UNP) to the level of $1,494,000

Wellington Shields & Co. LLC maintained its position in Union Pacific Corp. (NYSE:UNP) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,320 shares of the railroad operator’s stock at the end of the third quarter. Union Pacific Corp. accounts for approximately 0.8% of Wellington Shields & Co. LLC’s portfolio, making the stock its 27th largest position. Wellington Shields & Co. LLC’s holdings in Union Pacific Corp. were worth $1,494,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its position in Union Pacific Corp. by 6.2% in the third quarter. West Oak Capital LLC now owns 1,094 shares of the railroad operator’s stock worth $107,000 after buying an additional 64 shares during the period. Harel Insurance Investments & Financial Services Ltd. purchased a new position in Union Pacific Corp. during the second quarter worth approximately $108,000. Lenox Wealth Advisors Inc. boosted its position in Union Pacific Corp. by 4.9% in the third quarter. Lenox Wealth Advisors Inc. now owns 1,167 shares of the railroad operator’s stock worth $114,000 after buying an additional 55 shares during the period. Tradewinds Capital Management LLC boosted its position in Union Pacific Corp. by 22.4% in the second quarter. Tradewinds Capital Management LLC now owns 1,364 shares of the railroad operator’s stock worth $119,000 after buying an additional 250 shares during the period. Finally, Cornerstone Advisors Inc. boosted its position in Union Pacific Corp. by 379.6% in the third quarter. Cornerstone Advisors Inc. now owns 1,247 shares of the railroad operator’s stock worth $122,000 after buying an additional 987 shares during the period. Institutional investors own 77.94% of the company’s stock.

Union Pacific Corp. (NYSE:UNP) opened at 102.10 on Friday. The firm has a market capitalization of $84.14 billion, a P/E ratio of 20.46 and a beta of 0.66. The company’s 50 day moving average price is $94.60 and its 200 day moving average price is $91.74. Union Pacific Corp. has a 12 month low of $67.06 and a 12 month high of $102.16.

Union Pacific Corp. (NYSE:UNP) last released its quarterly earnings data on Thursday, October 20th. The railroad operator reported $1.36 earnings per share for the quarter, missing the consensus estimate of $1.39 by $0.03. The business had revenue of $5.17 billion for the quarter, compared to analyst estimates of $5.14 billion. Union Pacific Corp. had a return on equity of 20.55% and a net margin of 21.05%. Union Pacific Corp.’s revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. Analysts anticipate that Union Pacific Corp. will post $5.00 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 29th. Shareholders of record on Wednesday, November 30th will be given a $0.605 dividend. This is a boost from Union Pacific Corp.’s previous quarterly dividend of $0.55. The ex-dividend date is Monday, November 28th. This represents a $2.42 annualized dividend and a yield of 2.37%. Union Pacific Corp.’s dividend payout ratio is 44.00%.

Several brokerages have recently issued reports on UNP. Vetr cut Union Pacific Corp. from a “hold” rating to a “sell” rating and set a $91.00 price objective on the stock. in a research note on Monday, August 8th. RBC Capital Markets cut Union Pacific Corp. from an “outperform” rating to a “sector perform” rating and reduced their price objective for the company from $107.00 to $98.00 in a research note on Friday, October 21st. Aegis began coverage on Union Pacific Corp. in a research note on Monday, October 24th. They issued a “buy” rating and a $105.00 price objective on the stock. Deutsche Bank AG reiterated a “top pick” rating and issued a $110.00 price objective on shares of Union Pacific Corp. in a research note on Monday, November 14th. Finally, Zacks Investment Research cut Union Pacific Corp. from a “buy” rating to a “hold” rating in a research note on Friday, October 21st. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $96.38.

In other Union Pacific Corp. news, Director Steven R. Rogel sold 7,400 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $100.51, for a total value of $743,774.00. Following the completion of the transaction, the director now owns 11,400 shares in the company, valued at approximately $1,145,814. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Robert M. Knight, Jr. sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $95.24, for a total transaction of $952,400.00. Following the completion of the transaction, the executive vice president now owns 150,660 shares of the company’s stock, valued at approximately $14,348,858.40. The disclosure for this sale can be found here. 0.14% of the stock is currently owned by company insiders.

About Union Pacific Corp.

Union Pacific Corporation operates through its principal operating company, Union Pacific Railroad Company. Union Pacific Railroad Company links approximately 20 states in the western two-thirds of the country by rail, providing link in the supply chain. The Company’s business mix includes agricultural products, automotive, chemicals, coal, industrial products and intermodal.

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