Exchange Capital Management Inc. Sells 72 Shares of Union Pacific Corporation $UNP

Exchange Capital Management Inc. reduced its position in Union Pacific Corporation (NYSE:UNP) by 1.5% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,892 shares of the railroad operator’s stock after selling 72 shares during the period. Exchange Capital Management Inc.’s holdings in Union Pacific were worth $1,125,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its stake in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC increased its stake in shares of Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter worth $32,000. WPG Advisers LLC purchased a new position in Union Pacific during the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC grew its holdings in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company increased their price target on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research note on Friday, July 25th. Sanford C. Bernstein lifted their target price on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Baird R W upgraded Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Robert W. Baird assumed coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price on the stock. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Stock Performance

UNP stock opened at $234.65 on Friday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The firm has a market cap of $139.16 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 1.07. The business’s fifty day simple moving average is $223.43 and its two-hundred day simple moving average is $224.59. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.74 EPS. Analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.4%. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

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.