Greenwood Capital Associates LLC lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 46.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,996 shares of the railroad operator’s stock after selling 17,581 shares during the period. Greenwood Capital Associates LLC’s holdings in Union Pacific were worth $3,382,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Union Pacific by 29.1% during the 1st quarter. FMR LLC now owns 16,222,588 shares of the railroad operator’s stock worth $2,712,416,000 after purchasing an additional 3,653,756 shares during the last quarter. Ellis Investment Partners LLC lifted its stake in Union Pacific by 16,626.5% in the 1st quarter. Ellis Investment Partners LLC now owns 2,689,126 shares of the railroad operator’s stock valued at $2,689,000 after purchasing an additional 2,673,049 shares during the last quarter. Thoroughbred Financial Services LLC grew its holdings in Union Pacific by 17,755.2% during the second quarter. Thoroughbred Financial Services LLC now owns 798,662 shares of the railroad operator’s stock worth $79,866,000 after purchasing an additional 794,189 shares during the period. Geode Capital Management LLC increased its position in Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after buying an additional 688,775 shares during the last quarter. Finally, Banco Santander S.A. increased its position in Union Pacific by 5,729.5% during the second quarter. Banco Santander S.A. now owns 563,829 shares of the railroad operator’s stock worth $95,350,000 after buying an additional 554,157 shares during the last quarter. 78.35% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on the company. Cascend Securities cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Wednesday, July 17th. Cowen reissued a “buy” rating and set a $184.00 target price on shares of Union Pacific in a report on Thursday, July 18th. Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and increased their price target for the company from $175.00 to $195.00 in a research note on Friday, July 26th. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price target for the company in a report on Monday, July 22nd. Finally, Sanford C. Bernstein set a $177.00 price objective on shares of Union Pacific and gave the stock a “hold” rating in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $183.62.
Shares of UNP traded down $1.27 during midday trading on Wednesday, reaching $166.30. 7,670 shares of the stock were exchanged, compared to its average volume of 3,050,519. The stock’s 50 day simple moving average is $167.27 and its 200 day simple moving average is $169.41. The company has a market cap of $117.04 billion, a P/E ratio of 21.07, a PEG ratio of 1.85 and a beta of 1.06. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26.
Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The business had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.62 billion. During the same period in the prior year, the company posted $1.98 earnings per share. Union Pacific’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts predict that Union Pacific Co. will post 8.98 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.33%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio is presently 49.05%.
Union Pacific Profile
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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