Landsberg Bennett & Dubbaneh LLC Reduces Holdings in Union Pacific Co. (NYSE:UNP)
Landsberg Bennett & Dubbaneh LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 40.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,030 shares of the railroad operator’s stock after selling 13,643 shares during the period. Landsberg Bennett & Dubbaneh LLC’s holdings in Union Pacific were worth $3,435,000 at the end of the most recent reporting period.
Other institutional investors have also recently added to or reduced their stakes in the company. Camarda Financial Advisors LLC increased its stake in Union Pacific by 673.7% during the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock worth $25,000 after buying an additional 128 shares during the period. Squar Milner Financial Services LLC increased its stake in Union Pacific by 368.6% during the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after buying an additional 129 shares during the period. Mackey Komara & Dankovich LLC purchased a new stake in Union Pacific during the 1st quarter worth $29,000. Joseph P. Lucia & Associates LLC purchased a new stake in Union Pacific during the 1st quarter worth $30,000. Finally, Manchester Financial Inc. bought a new stake in shares of Union Pacific in the 2nd quarter worth about $39,000. 78.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE UNP traded up $1.02 during midday trading on Friday, hitting $174.23. The company’s stock had a trading volume of 1,627,783 shares, compared to its average volume of 3,185,197. Union Pacific Co. has a 1-year low of $128.08 and a 1-year high of $180.02. The business has a fifty day simple moving average of $170.45. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.58 and a current ratio of 0.72. The firm has a market cap of $122.03 billion, a price-to-earnings ratio of 20.57, a P/E/G ratio of 1.93 and a beta of 1.04.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.97 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.23%. Union Pacific’s payout ratio is 44.50%.
Several equities research analysts have recently weighed in on UNP shares. Sanford C. Bernstein set a $177.00 target price on shares of Union Pacific and gave the stock a “hold” rating in a research report on Friday, July 19th. ValuEngine downgraded shares of United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 18th. Barclays reissued a “buy” rating on shares of 1&1 Drillisch in a research report on Thursday, June 13th. Loop Capital boosted their target price on shares of Union Pacific to $191.00 in a research report on Friday, July 19th. Finally, Morgan Stanley set a $620.00 target price on shares of Intuitive Surgical and gave the stock a “buy” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $182.62.
In other Union Pacific news, EVP Robert M. Knight, Jr. sold 1,380 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $180.01, for a total transaction of $248,413.80. Following the completion of the transaction, the executive vice president now directly owns 94,943 shares of the company’s stock, valued at approximately $17,090,689.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Delaney III bought 5,000 shares of Union Pacific stock in a transaction on Monday, May 20th. The shares were purchased at an average cost of $174.06 per share, with a total value of $870,300.00. Following the completion of the purchase, the director now directly owns 5,000 shares in the company, valued at $870,300. The disclosure for this purchase can be found here. Insiders own 9.96% of the company’s stock.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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