Horrell Capital Management Inc. Has $15.62 Million Stake in Union Pacific Corporation $UNP

Horrell Capital Management Inc. cut its position in Union Pacific Corporation (NYSE:UNP) by 8.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 64,382 shares of the railroad operator’s stock after selling 5,739 shares during the quarter. Union Pacific accounts for 7.1% of Horrell Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Horrell Capital Management Inc.’s holdings in Union Pacific were worth $15,620,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Acadian Asset Management LLC boosted its stake in Union Pacific by 40.4% in the first quarter. Acadian Asset Management LLC now owns 2,312 shares of the railroad operator’s stock worth $546,000 after purchasing an additional 665 shares in the last quarter. Schnieders Capital Management LLC. increased its stake in shares of Union Pacific by 0.5% in the second quarter. Schnieders Capital Management LLC. now owns 20,606 shares of the railroad operator’s stock valued at $4,741,000 after buying an additional 102 shares in the last quarter. Main Street Financial Solutions LLC increased its stake in shares of Union Pacific by 1.6% in the second quarter. Main Street Financial Solutions LLC now owns 3,733 shares of the railroad operator’s stock valued at $859,000 after buying an additional 58 shares in the last quarter. HUB Investment Partners LLC lifted its position in Union Pacific by 10.0% during the 2nd quarter. HUB Investment Partners LLC now owns 6,091 shares of the railroad operator’s stock worth $1,401,000 after buying an additional 554 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in Union Pacific by 7.4% during the 2nd quarter. Alliancebernstein L.P. now owns 1,528,426 shares of the railroad operator’s stock worth $351,660,000 after buying an additional 105,664 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Price Performance

Shares of UNP stock opened at $285.06 on Friday. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $285.79. The stock has a market cap of $169.24 billion, a PE ratio of 23.48, a PEG ratio of 2.95 and a beta of 0.96. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.73 and a current ratio of 0.92. The firm’s 50 day moving average price is $268.77 and its two-hundred day moving average price is $253.70.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.86 by $0.07. Union Pacific had a return on equity of 39.58% and a net margin of 29.20%.The firm had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter in the prior year, the firm posted $2.70 earnings per share. The company’s quarterly revenue was up 3.2% on a year-over-year basis. As a group, analysts forecast that Union Pacific Corporation will post 12.56 EPS for the current year.

Union Pacific Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, May 29th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date was Friday, May 29th. Union Pacific’s dividend payout ratio (DPR) is currently 45.47%.

Insider Activity at Union Pacific

In related news, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares of the company’s stock, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenyatta G. Rocker sold 27,387 shares of the business’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $271.76, for a total transaction of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares of the company’s stock, valued at approximately $16,605,079.52. This represents a 30.95% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last ninety days. Company insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UNP. Susquehanna restated a “positive” rating and issued a $305.00 price objective on shares of Union Pacific in a research report on Friday, June 5th. Barclays reiterated an “overweight” rating and set a $315.00 target price (up from $285.00) on shares of Union Pacific in a research report on Friday, April 24th. Citigroup reissued a “buy” rating and set a $326.00 price target (up from $307.00) on shares of Union Pacific in a research note on Thursday. UBS Group restated a “neutral” rating and issued a $274.00 price objective (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $285.00 price objective (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $288.78.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.