Picton Mahoney Asset Management Has $19.50 Million Stake in Union Pacific Co. (NYSE:UNP)

Picton Mahoney Asset Management decreased its stake in Union Pacific Co. (NYSE:UNP) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 86,176 shares of the railroad operator’s stock after selling 80 shares during the quarter. Union Pacific makes up about 0.8% of Picton Mahoney Asset Management’s investment portfolio, making the stock its 28th largest position. Picton Mahoney Asset Management’s holdings in Union Pacific were worth $19,499,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of UNP. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific in the fourth quarter worth $25,000. Richardson Capital Management LLC acquired a new position in Union Pacific in the first quarter worth $26,000. Raleigh Capital Management Inc. boosted its stake in Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. Cultivar Capital Inc. acquired a new position in Union Pacific in the second quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new position in Union Pacific in the fourth quarter worth $29,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Trading Up 1.7 %

NYSE:UNP traded up $4.21 on Friday, reaching $256.09. The company’s stock had a trading volume of 2,386,564 shares, compared to its average volume of 2,260,287. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm has a market cap of $156.01 billion, a PE ratio of 24.44, a PEG ratio of 2.19 and a beta of 1.06. The business’s 50-day moving average price is $237.66 and its two-hundred day moving average price is $239.18.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. Union Pacific’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $2.57 earnings per share. Equities research analysts anticipate that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a dividend of $1.34 per share. The ex-dividend date is Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.09%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Susquehanna dropped their target price on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. Royal Bank of Canada dropped their target price on Union Pacific from $281.00 to $275.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Wells Fargo & Company began coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price for the company. Finally, Stifel Nicolaus dropped their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

About Union Pacific

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.