Amalgamated Bank Cuts Stock Position in Union Pacific Corporation $UNP

Amalgamated Bank reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 1.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 115,830 shares of the railroad operator’s stock after selling 2,244 shares during the quarter. Amalgamated Bank’s holdings in Union Pacific were worth $27,379,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Howard Hughes Medical Institute bought a new stake in shares of Union Pacific in the second quarter worth $30,000. Financial Gravity Companies Inc. purchased a new stake in Union Pacific in the 2nd quarter worth $31,000. Total Investment Management Inc. purchased a new position in Union Pacific in the 2nd quarter worth approximately $31,000. Access Investment Management LLC purchased a new position in shares of Union Pacific in the second quarter worth $32,000. Finally, Sagard Holdings Management Inc. purchased a new position in shares of Union Pacific during the second quarter valued at about $33,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Trading Down 0.3%

NYSE:UNP opened at $229.75 on Friday. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The stock has a market cap of $136.28 billion, a P/E ratio of 19.52, a P/E/G ratio of 2.65 and a beta of 0.99. 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 has a 50-day simple moving average of $230.72 and a 200-day simple moving average of $227.15.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data 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. The business had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 EPS. As a group, analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently declared 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 was Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

Several equities analysts have commented on UNP shares. Royal Bank Of Canada set a $280.00 price objective on shares of Union Pacific in a research report on Thursday, December 18th. Weiss Ratings reaffirmed 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 stock a “neutral” rating in a research report on Friday, October 3rd. Susquehanna restated a “positive” rating and set a $272.00 price objective (up from $257.00) on shares of Union Pacific in a research note on Thursday, September 25th. Finally, Deutsche Bank Aktiengesellschaft set a $245.00 price objective on Union Pacific in a report on Thursday, December 11th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and twelve have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $259.58.

About Union Pacific

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.