Sachetta LLC Trims Stake in Union Pacific Corporation $UNP

Sachetta LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 18.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,496 shares of the railroad operator’s stock after selling 345 shares during the quarter. Sachetta LLC’s holdings in Union Pacific were worth $344,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LGT Group Foundation boosted its stake in Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after buying an additional 477 shares during the period. Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter worth approximately $988,822,000. SlateStone Wealth LLC boosted its position in shares of Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC increased its holdings in Union Pacific by 10.9% in the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after purchasing an additional 359 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on UNP. Susquehanna restated a “positive” rating and set a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price on the stock. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a research report on Friday. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, BMO Capital Markets raised their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Stock Performance

Shares of UNP opened at $237.33 on Tuesday. 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 $140.77 billion, a PE ratio of 20.62, a PEG ratio of 2.47 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a 50-day simple moving average of $223.83 and a 200-day simple moving average of $224.46.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter last year, the company earned $2.74 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict 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 was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. Union Pacific’s dividend payout ratio is presently 47.96%.

Union Pacific 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.