HBK Sorce Advisory LLC Sells 4,063 Shares of Union Pacific Corporation $UNP

HBK Sorce Advisory LLC reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 31.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,055 shares of the railroad operator’s stock after selling 4,063 shares during the period. HBK Sorce Advisory LLC’s holdings in Union Pacific were worth $2,044,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. 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. Financial Gravity Companies Inc. bought a new stake in Union Pacific during the second quarter worth $31,000. Total Investment Management Inc. purchased a new position in Union Pacific in the second quarter worth $31,000. Finally, Access Investment Management LLC bought a new position in Union Pacific in the 2nd quarter valued at $32,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.4%

Shares of UNP stock opened at $234.48 on Tuesday. The stock has a market capitalization of $139.09 billion, a price-to-earnings ratio of 19.92, a PEG ratio of 2.71 and a beta of 0.99. The company’s fifty day simple moving average is $227.85 and its two-hundred day simple moving average is $226.78. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60.

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

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. TD Cowen lowered their price objective on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research report on Friday, October 24th. Royal Bank Of Canada set a $280.00 target price on shares of Union Pacific in a research note on Thursday, December 18th. Citigroup lifted their price target 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. Finally, Barclays reiterated an “overweight” rating and issued a $285.00 price objective (up previously from $270.00) on shares of Union Pacific in a research note on Tuesday, December 16th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $260.33.

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.