Addison Capital Co Sells 90 Shares of Union Pacific Corporation $UNP

Addison Capital Co lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 2.4% during the first quarter, HoldingsChannel.com reports. The fund owned 3,612 shares of the railroad operator’s stock after selling 90 shares during the period. Addison Capital Co’s holdings in Union Pacific were worth $853,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter worth approximately $988,822,000. GAMMA Investing LLC boosted its stake in Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock valued at $588,510,000 after buying an additional 2,482,126 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Union Pacific by 35.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator’s stock valued at $1,133,053,000 after acquiring an additional 1,294,643 shares during the period. Goldman Sachs Group Inc. raised its stake in Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after acquiring an additional 850,025 shares in the last quarter. Finally, Auto Owners Insurance Co raised its stake in Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after acquiring an additional 623,978 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on UNP. Royal Bank Of Canada boosted their target price on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Susquehanna decreased their price objective on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating on the stock in a research note on Wednesday, July 30th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.21.

Union Pacific Trading Down 0.5%

UNP opened at $214.87 on Thursday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock has a market capitalization of $127.43 billion, a PE ratio of 18.67, a PEG ratio of 2.10 and a beta of 1.03. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $225.30 and a two-hundred day moving average price of $226.45.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the business earned $2.74 earnings per share. Union Pacific’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Corporation will post 11.99 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 Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.6%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Union Pacific Company 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.