Nemes Rush Group LLC Sells 8,323 Shares of Union Pacific Corporation $UNP

Nemes Rush Group LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 15.1% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 46,897 shares of the railroad operator’s stock after selling 8,323 shares during the quarter. Nemes Rush Group LLC’s holdings in Union Pacific were worth $10,790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nuveen LLC purchased a new position in Union Pacific during the 1st quarter valued at $988,822,000. Rothschild & Co Wealth Management UK Ltd raised its stake in Union Pacific by 3,536.2% in the second quarter. Rothschild & Co Wealth Management UK Ltd now owns 1,011,677 shares of the railroad operator’s stock worth $232,767,000 after buying an additional 983,855 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after buying an additional 850,025 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in Union Pacific in the first quarter worth about $115,096,000. Finally, Canada Pension Plan Investment Board boosted its position in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Up 2.3%

Union Pacific stock opened at $226.36 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a market capitalization of $134.27 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The business’s fifty day simple moving average is $224.83 and its two-hundred day simple moving average is $224.89. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, beating the consensus estimate of $2.99 by $0.09. The firm had revenue of $6.24 billion during the quarter, compared to the consensus estimate of $6.24 billion. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The company’s revenue was up 2.5% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s payout ratio is 46.90%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on UNP. Cowen reissued a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday, October 8th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Citigroup upped their target price on shares of Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. Finally, BMO Capital Markets decreased their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $261.63.

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.