Shulman DeMeo Asset Management LLC Cuts Stake in Union Pacific Corporation $UNP

Shulman DeMeo Asset Management LLC decreased its position in Union Pacific Corporation (NYSE:UNP) by 5.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,616 shares of the railroad operator’s stock after selling 92 shares during the period. Shulman DeMeo Asset Management LLC’s holdings in Union Pacific were worth $372,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC raised its stake in shares of Union Pacific by 1,400.0% during 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 in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at approximately $32,000. WPG Advisers LLC purchased a new stake in shares of Union Pacific in the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.9%

Shares of UNP opened at $227.78 on Wednesday. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The company’s fifty day moving average is $222.44 and its two-hundred day moving average is $224.72. The firm has a market cap of $135.09 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the company posted $2.74 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

UNP has been the subject of several research analyst reports. Baird R W upgraded Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Susquehanna lowered their price target on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research note on Wednesday, July 30th. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Finally, BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $259.38.

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.