Tandem Capital Management Corp ADV Sells 51 Shares of Union Pacific Corporation $UNP

Tandem Capital Management Corp ADV trimmed its stake in Union Pacific Corporation (NYSE:UNP) by 0.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,783 shares of the railroad operator’s stock after selling 51 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in Union Pacific were worth $1,791,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several equities analysts have weighed in on UNP shares. Royal Bank Of Canada raised their price target on Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a research note on Friday, October 3rd. BMO Capital Markets raised their price target on Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Argus lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Finally, Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.08.

Union Pacific Stock Performance

NYSE UNP opened at $232.72 on Thursday. The stock has a market capitalization of $138.03 billion, a price-to-earnings ratio of 20.22, a PEG ratio of 2.41 and a beta of 1.07. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. 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 stock has a 50-day moving average of $224.14 and a 200 day moving average of $224.57.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion during 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. The business’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal 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. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is 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.