MONECO Advisors LLC Sells 738 Shares of Union Pacific Co. (NYSE:UNP)

MONECO Advisors LLC cut its position in Union Pacific Co. (NYSE:UNP) by 20.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,955 shares of the railroad operator’s stock after selling 738 shares during the quarter. MONECO Advisors LLC’s holdings in Union Pacific were worth $650,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in UNP. Total Clarity Wealth Management Inc. bought a new position in Union Pacific during the first quarter valued at about $33,000. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Union Pacific by 73.3% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 65,039 shares of the railroad operator’s stock valued at $14,335,000 after acquiring an additional 27,503 shares during the period. Avidian Wealth Solutions LLC raised its stake in Union Pacific by 6.4% in the first quarter. Avidian Wealth Solutions LLC now owns 1,043 shares of the railroad operator’s stock valued at $230,000 after purchasing an additional 63 shares in the last quarter. Donaldson Capital Management LLC raised its stake in Union Pacific by 6.1% in the first quarter. Donaldson Capital Management LLC now owns 2,150 shares of the railroad operator’s stock valued at $474,000 after purchasing an additional 123 shares in the last quarter. Finally, Congress Asset Management Co. MA raised its stake in Union Pacific by 8.3% in the first quarter. Congress Asset Management Co. MA now owns 53,435 shares of the railroad operator’s stock valued at $11,778,000 after purchasing an additional 4,113 shares in the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.

Several brokerages recently commented on UNP. Raymond James lifted their target price on shares of Union Pacific from $260.00 to $265.00 and gave the stock a “strong-buy” rating in a research note on Friday, July 23rd. Stifel Nicolaus initiated coverage on shares of Union Pacific in a report on Monday, June 21st. They set a “hold” rating on the stock. Benchmark lifted their price target on Union Pacific from $242.00 to $250.00 and gave the stock a “buy” rating in a research report on Friday, July 23rd. Credit Suisse Group boosted their target price on Union Pacific from $260.00 to $264.00 and gave the stock an “outperform” rating in a research report on Friday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Union Pacific from $252.00 to $256.00 and gave the stock a “buy” rating in a research report on Tuesday, June 15th. Six analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $244.89.

Union Pacific stock traded down $0.03 during midday trading on Wednesday, reaching $203.38. The stock had a trading volume of 84,290 shares, compared to its average volume of 2,828,333. Union Pacific Co. has a twelve month low of $171.50 and a twelve month high of $231.26. The stock has a market capitalization of $132.63 billion, a PE ratio of 23.17, a price-to-earnings-growth ratio of 2.07 and a beta of 1.13. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.71 and a current ratio of 0.86. The stock’s 50-day simple moving average is $219.08 and its 200 day simple moving average is $219.84.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.55 by $0.17. The business had revenue of $5.50 billion for the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. The company’s revenue for the quarter was up 29.7% compared to the same quarter last year. During the same period in the previous year, the company earned $1.67 earnings per share. Equities analysts predict that Union Pacific Co. will post 10.02 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Tuesday, August 31st will be given a dividend of $1.07 per share. The ex-dividend date is Monday, August 30th. This represents a $4.28 annualized dividend and a dividend yield of 2.10%. Union Pacific’s dividend payout ratio is presently 52.26%.

Union Pacific Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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