Carnegie Investment Counsel Sells 16,637 Shares of Union Pacific Corporation $UNP

Carnegie Investment Counsel trimmed its position in Union Pacific Corporation (NYSE:UNP) by 14.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 95,572 shares of the railroad operator’s stock after selling 16,637 shares during the period. Carnegie Investment Counsel’s holdings in Union Pacific were worth $22,590,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after buying an additional 112 shares during the last quarter. Howard Hughes Medical Institute bought a new stake in Union Pacific during the second quarter worth $30,000. Total Investment Management Inc. bought a new stake in Union Pacific during the second quarter worth $31,000. Financial Gravity Companies Inc. purchased a new position in Union Pacific in the second quarter worth $31,000. Finally, Access Investment Management LLC purchased a new position in Union Pacific in the second quarter worth $32,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.8%

Shares of Union Pacific stock opened at $233.23 on Friday. The stock has a market capitalization of $138.34 billion, a P/E ratio of 19.82, a P/E/G ratio of 2.73 and a beta of 0.99. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The stock’s 50-day simple moving average is $227.71 and its 200 day simple moving average is $226.71.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping the consensus estimate of $2.99 by $0.09. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. During the same quarter last year, the company earned $2.75 earnings per share. The company’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Investors of record on Friday, December 5th will be paid a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, December 5th. Union Pacific’s payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UNP shares. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research report on Thursday, December 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. BMO Capital Markets decreased their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, October 24th. The Goldman Sachs Group set a $263.00 target price on shares of Union Pacific and gave the company a “neutral” rating in a research note on Thursday, October 23rd. Finally, Barclays reissued an “overweight” rating and set a $285.00 target price (up from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.33.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.