Roberts Wealth Advisors LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 13.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,116 shares of the railroad operator’s stock after selling 500 shares during the period. Roberts Wealth Advisors LLC’s holdings in Union Pacific were worth $638,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Gleason Group Inc. lifted its position in shares of Union Pacific by 6.0% during the 1st quarter. Gleason Group Inc. now owns 923 shares of the railroad operator’s stock valued at $186,000 after buying an additional 52 shares in the last quarter. Pekin Hardy Strauss Inc. raised its position in shares of Union Pacific by 1.0% during the 1st quarter. Pekin Hardy Strauss Inc. now owns 5,413 shares of the railroad operator’s stock valued at $1,089,000 after purchasing an additional 53 shares during the period. Cary Street Partners Asset Management LLC lifted its stake in shares of Union Pacific by 3.8% during the 4th quarter. Cary Street Partners Asset Management LLC now owns 1,489 shares of the railroad operator’s stock valued at $308,000 after buying an additional 54 shares in the last quarter. Apriem Advisors boosted its holdings in Union Pacific by 2.3% in the 4th quarter. Apriem Advisors now owns 2,417 shares of the railroad operator’s stock worth $500,000 after buying an additional 55 shares during the period. Finally, TrinityPoint Wealth LLC increased its stake in Union Pacific by 0.9% in the 1st quarter. TrinityPoint Wealth LLC now owns 6,301 shares of the railroad operator’s stock worth $1,268,000 after buying an additional 56 shares in the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.
Analyst Ratings Changes
UNP has been the subject of a number of recent analyst reports. Royal Bank of Canada raised Union Pacific from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $193.00 to $282.00 in a research note on Wednesday, July 26th. Benchmark raised their target price on shares of Union Pacific from $230.00 to $264.00 in a research note on Thursday, July 27th. Wells Fargo & Company lifted their price target on shares of Union Pacific from $200.00 to $245.00 in a report on Thursday, July 27th. Barclays increased their price objective on shares of Union Pacific from $230.00 to $285.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Finally, Atlantic Securities cut Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 target price on the stock. in a report on Thursday, July 27th. Twelve equities research analysts have rated the stock with a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $233.97.
Insider Activity at Union Pacific
In related news, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total value of $1,935,141.00. Following the completion of the transaction, the executive vice president now owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of the sale, the chief financial officer now owns 99,378 shares of the company’s stock, valued at $22,144,399.74. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the sale, the executive vice president now owns 42,061 shares in the company, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.
Union Pacific Trading Down 1.0 %
Shares of NYSE UNP traded down $2.11 during midday trading on Tuesday, hitting $211.04. The company’s stock had a trading volume of 91,019 shares, compared to its average volume of 2,933,816. Union Pacific Co. has a 12-month low of $183.69 and a 12-month high of $240.48. The company has a current ratio of 0.71, a quick ratio of 0.57 and a debt-to-equity ratio of 2.39. The firm has a market cap of $128.62 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 2.03 and a beta of 1.11. The business’s 50 day moving average is $220.88 and its two-hundred day moving average is $206.44.
Union Pacific (NYSE:UNP – Get Free Report) last released its earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.18). The business had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. The firm’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the business posted $2.93 earnings per share. As a group, equities research analysts expect that Union Pacific Co. will post 10.5 EPS for the current year.
Union Pacific Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Thursday, August 31st will be given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Wednesday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 47.45%.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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