Galvin Gaustad & Stein LLC Has $15.02 Million Stake in Union Pacific Corporation $UNP

Galvin Gaustad & Stein LLC lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 3.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 63,561 shares of the railroad operator’s stock after selling 2,463 shares during the quarter. Galvin Gaustad & Stein LLC’s holdings in Union Pacific were worth $15,024,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. Norges Bank bought a new position in shares of Union Pacific in the second quarter valued at about $1,856,340,000. Fisher Asset Management LLC increased its position in Union Pacific by 0.7% in the 2nd quarter. Fisher Asset Management LLC now owns 6,398,715 shares of the railroad operator’s stock valued at $1,472,217,000 after acquiring an additional 46,436 shares in the last quarter. Amundi raised its stake in shares of Union Pacific by 35.6% in the second quarter. Amundi now owns 4,782,577 shares of the railroad operator’s stock worth $1,134,236,000 after acquiring an additional 1,255,231 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its position in shares of Union Pacific by 32.8% during the second quarter. Arrowstreet Capital Limited Partnership now owns 3,152,042 shares of the railroad operator’s stock worth $725,222,000 after purchasing an additional 778,411 shares in the last quarter. Finally, Laurel Wealth Advisors LLC grew its stake in shares of Union Pacific by 22,618.2% during the second quarter. Laurel Wealth Advisors LLC now owns 2,624,636 shares of the railroad operator’s stock valued at $603,876,000 after purchasing an additional 2,613,083 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of Union Pacific stock opened at $233.67 on Wednesday. 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. The company has a market capitalization of $138.60 billion, a PE ratio of 19.85, a PEG ratio of 2.51 and a beta of 0.99. The stock’s fifty day simple moving average is $229.22 and its 200 day simple moving average is $227.20.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The company had revenue of $6.24 billion during 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 quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.75 earnings per share. On average, research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Friday, December 5th. Union Pacific’s dividend payout ratio is presently 46.90%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UNP shares. TD Cowen dropped their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research report on Friday, October 24th. Royal Bank Of Canada set a $280.00 target price on Union Pacific in a research report on Thursday, December 18th. Cowen reiterated a “buy” rating on shares of Union Pacific in a report on Friday, October 24th. Citigroup boosted their price objective on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a report on Friday, October 24th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $259.50.

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.