GAM Holding AG Sells 9,262 Shares of Union Pacific Corporation $UNP

GAM Holding AG trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 90.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,025 shares of the railroad operator’s stock after selling 9,262 shares during the period. GAM Holding AG’s holdings in Union Pacific were worth $242,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Pictet North America Advisors SA raised its position in Union Pacific by 0.9% in the third quarter. Pictet North America Advisors SA now owns 15,018 shares of the railroad operator’s stock worth $3,550,000 after acquiring an additional 141 shares during the period. SJS Investment Consulting Inc. raised its holdings in shares of Union Pacific by 852.4% in the 3rd quarter. SJS Investment Consulting Inc. now owns 200 shares of the railroad operator’s stock worth $47,000 after purchasing an additional 179 shares during the period. SOA Wealth Advisors LLC. lifted its stake in Union Pacific by 0.6% in the third quarter. SOA Wealth Advisors LLC. now owns 9,645 shares of the railroad operator’s stock valued at $2,280,000 after purchasing an additional 56 shares during the last quarter. Tectonic Advisors LLC grew its holdings in Union Pacific by 5.7% during the third quarter. Tectonic Advisors LLC now owns 4,738 shares of the railroad operator’s stock valued at $1,120,000 after purchasing an additional 254 shares during the period. Finally, Schear Investment Advisers LLC grew its holdings in Union Pacific by 1.2% during the third quarter. Schear Investment Advisers LLC now owns 6,584 shares of the railroad operator’s stock valued at $1,556,000 after purchasing an additional 79 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on UNP. Barclays reaffirmed an “overweight” rating and set a $285.00 price target (up previously from $270.00) on shares of Union Pacific in a research report on Tuesday, December 16th. BMO Capital Markets dropped their price objective on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a research report on Friday, October 3rd. Finally, Citigroup raised their price objective on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $260.33.

Union Pacific Price Performance

UNP stock opened at $231.76 on Monday. The firm has a 50 day moving average of $228.63 and a 200-day moving average of $227.04. The firm has a market capitalization of $137.47 billion, a P/E ratio of 19.69, a price-to-earnings-growth ratio of 2.51 and a beta of 0.99. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

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

Union Pacific Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 5th were paid a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is currently 46.90%.

Union Pacific Company 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.