Saturna Capital Cut Union Pacific (UNP) Position By $2.33 Million; Allianzgi Equity & Convertible Income Fund (NIE) Sentiment Is 1.67

September 13, 2017 - By Clifton Ray

AllianzGI Equity and Convertible Income Fund, formerly AllianzGI Equity & Convertible Income Fund, is a diversified, closed-end management investment company. The company has market cap of $559.44 million. The Fund’s investment objective is to seek total return consisted of capital appreciation, current income and gains, with a secondary objective of long-term capital appreciation. It has a 6.38 P/E ratio. Under normal market conditions the Fund pursues its investment objectives by investing in a diversified portfolio of dividend-paying common stocks and income-producing convertible securities.

Saturna Capital Corp decreased Union Pacific (UNP) stake by 5.58% reported in 2016Q4 SEC filing. Saturna Capital Corp sold 22,654 shares as Union Pacific (UNP)’s stock declined 2.52%. The Saturna Capital Corp holds 383,601 shares with $39.77 million value, down from 406,255 last quarter. Union Pacific now has $86.97 billion valuation. The stock declined 0.27% or $0.29 reaching $108.37 per share. About 2.08M shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since September 13, 2016 and is uptrending. It has outperformed by 14.75% the S&P500.

Investors sentiment increased to 0.92 in Q4 2016. Its up 0.10, from 0.82 in 2016Q3. It increased, as 55 investors sold UNP shares while 509 reduced holdings. 112 funds opened positions while 390 raised stakes. 620.05 million shares or 0.84% less from 625.33 million shares in 2016Q3 were reported. Wisconsin-based Northwestern Mutual Wealth Mgmt has invested 0.09% in Union Pacific Corporation (NYSE:UNP). Panagora Asset Management holds 108,573 shares. Kings Point Capital Management stated it has 110 shares. Hartford Financial Mgmt Inc reported 13,704 shares. Lsv Asset Mgmt owns 0% invested in Union Pacific Corporation (NYSE:UNP) for 10,900 shares. Hirtle Callaghan & Com Ltd Limited Liability Company has 0.04% invested in Union Pacific Corporation (NYSE:UNP). Moreover, Citadel Ltd has 0.12% invested in Union Pacific Corporation (NYSE:UNP). Chesley Taft And Assoc reported 45,075 shares. Plante Moran Advsr Limited Liability Company accumulated 1,422 shares. Patten Group owns 2,230 shares. Holowesko Partners Ltd holds 0.03% of its portfolio in Union Pacific Corporation (NYSE:UNP) for 4,200 shares. Endurance Wealth Mgmt invested in 0.32% or 17,450 shares. Ardevora Asset Mngmt Ltd Liability Partnership stated it has 210,000 shares or 0.78% of all its holdings. Fukoku Mutual Life owns 3,000 shares. Gsa Partners Limited Liability Partnership reported 2,247 shares.

Among 24 analysts covering Union Pacific Corporation (NYSE:UNP), 12 have Buy rating, 1 Sell and 11 Hold. Therefore 50% are positive. Union Pacific Corporation had 67 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Hold” rating and $11500 target in Thursday, July 20 report. The rating was upgraded by Bank of America to “Buy” on Monday, February 22. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, June 3 report. The rating was maintained by Credit Suisse with “Outperform” on Friday, January 22. On Friday, October 21 the stock rating was downgraded by RBC Capital Markets to “Sector Perform”. The firm has “Buy” rating given on Tuesday, March 8 by UBS. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, August 24. The firm has “Buy” rating given on Friday, July 24 by UBS. Cowen & Co maintained the stock with “Outperform” rating in Thursday, October 22 report. The firm has “Market Perform” rating given on Thursday, October 20 by Cowen & Co.

Karpus Management Inc. holds 1.12% of its portfolio in AGIC Equity and Convertible Income Fund for 1.06 million shares. Shaker Financial Services Llc owns 76,743 shares or 0.84% of their US portfolio. Moreover, Rivernorth Capital Management Llc has 0.5% invested in the company for 415,977 shares. The New Jersey-based Landscape Capital Management L.L.C. has invested 0.3% in the stock. Brick & Kyle Associates, a Pennsylvania-based fund reported 19,950 shares.

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