Rep. Mike Kelly Unloads Shares of Union Pacific Co. (NYSE:UNP)

Representative Mike Kelly (R-Pennsylvania) recently sold shares of Union Pacific Co. (NYSE:UNP). In a filing disclosed on December 12th, the Representative disclosed that they had sold between $15,001 and $50,000 in Union Pacific stock on November 8th. The trade occurred in the Representative’s “VICTORIA KELLY TRUST ICA” account.

Representative Mike Kelly also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Intel (NASDAQ:INTC) on 11/8/2024.

Union Pacific Trading Up 0.5 %

Shares of UNP opened at $234.98 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The firm has a market capitalization of $142.46 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.33 and a beta of 1.05. The stock’s fifty day simple moving average is $238.39 and its 200-day simple moving average is $238.35. Union Pacific Co. has a 12-month low of $218.55 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 EPS for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The business had revenue of $6.09 billion for the quarter, compared to analyst estimates of $6.14 billion. During the same period in the prior year, the firm posted $2.51 EPS. Union Pacific’s revenue was up 2.5% on a year-over-year basis. As a group, research analysts predict that Union Pacific Co. will post 10.94 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 30th. Stockholders of record on Monday, December 9th will be paid a dividend of $1.34 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $5.36 annualized dividend and a dividend yield of 2.28%. Union Pacific’s dividend payout ratio (DPR) is currently 49.22%.

Hedge Funds Weigh In On Union Pacific

Hedge funds have recently made changes to their positions in the business. Inspire Trust Co. N.A. lifted its position in shares of Union Pacific by 9.9% in the third quarter. Inspire Trust Co. N.A. now owns 12,300 shares of the railroad operator’s stock worth $3,032,000 after purchasing an additional 1,103 shares in the last quarter. Franklin Resources Inc. lifted its position in Union Pacific by 9.3% during the 3rd quarter. Franklin Resources Inc. now owns 7,322,450 shares of the railroad operator’s stock worth $1,795,993,000 after buying an additional 625,492 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of Union Pacific by 0.9% during the 3rd quarter. Synovus Financial Corp now owns 44,012 shares of the railroad operator’s stock worth $10,848,000 after buying an additional 399 shares during the last quarter. Tidal Investments LLC grew its holdings in shares of Union Pacific by 4.0% in the 3rd quarter. Tidal Investments LLC now owns 42,556 shares of the railroad operator’s stock valued at $10,489,000 after acquiring an additional 1,653 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Union Pacific by 124.1% in the third quarter. Wilmington Savings Fund Society FSB now owns 52,963 shares of the railroad operator’s stock valued at $13,054,000 after acquiring an additional 29,330 shares during the last quarter. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on UNP shares. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, October 1st. Stifel Nicolaus cut their price target on shares of Union Pacific from $265.00 to $262.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Evercore ISI lowered shares of Union Pacific from an “outperform” rating to an “inline” rating and cut their target price for the stock from $254.00 to $247.00 in a report on Wednesday, September 25th. Finally, Sanford C. Bernstein reduced their price target on shares of Union Pacific from $277.00 to $272.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 9th. Nine equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $259.80.

About Representative Kelly

Mike Kelly (Republican Party) is a member of the U.S. House, representing Pennsylvania’s 16th Congressional District. He assumed office on January 3, 2019. His current term ends on January 3, 2025. Kelly (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania’s 16th Congressional District. He declared candidacy for the 2024 election. Prior to joining Congress, Kelly served on the Butler County council and the Butler area school board. At the start of the 116th Congress, Kelly was named the ranking member of the Subcommittee on Oversight of the House Committee on Ways and Means. He was described by the Pittsburgh Post-Gazette in January 2019 as “a fiscal conservative and Donald Trump loyalist.”

About Union Pacific

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, operates in the railroad business in the United States. The company offers transportation services for grain and grain products, fertilizers, food and refrigerated products, and coal and renewables to grain processors, animal feeders, ethanol producers, renewable biofuel producers, and other agricultural users; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, petroleum, liquid petroleum gases, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.