Union Pacific Corporation $UNP Shares Sold by Folger Nolan Fleming Douglas Capital Management Inc.

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,491 shares of the railroad operator’s stock after selling 200 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Union Pacific were worth $7,015,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Northern Trust Corp boosted its stake in shares of Union Pacific by 2.0% during the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after purchasing an additional 142,732 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Union Pacific by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after purchasing an additional 354,463 shares during the last quarter. Royal Bank of Canada boosted its position in shares of Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board boosted its position in shares of Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after acquiring an additional 452,788 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Union Pacific in the first quarter worth approximately $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and raised their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Sanford C. Bernstein raised their target price on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Finally, Morgan Stanley decreased their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.08.

Union Pacific Trading Down 2.6%

Shares of UNP stock opened at $225.54 on Friday. The stock has a market cap of $133.77 billion, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. 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 Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm’s 50 day moving average price is $224.45 and its two-hundred day moving average price is $224.47.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $2.74 earnings per share. On average, analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

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

Union Pacific Profile

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.