Alpha Financial Partners LLC Trims Stock Holdings in Union Pacific Corporation $UNP

Alpha Financial Partners LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 4.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,342 shares of the railroad operator’s stock after selling 62 shares during the quarter. Alpha Financial Partners LLC’s holdings in Union Pacific were worth $309,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Nuveen LLC purchased a new stake in shares of Union Pacific in the first quarter worth approximately $988,822,000. Goldman Sachs Group Inc. grew its stake in Union Pacific by 29.8% in the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after purchasing an additional 850,025 shares in the last quarter. Auto Owners Insurance Co grew its stake in Union Pacific by 61,054.6% in the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. bought a new position in Union Pacific in the first quarter worth approximately $115,096,000. Finally, Canada Pension Plan Investment Board grew its stake in Union Pacific by 10.8% in the first quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock worth $1,092,893,000 after purchasing an additional 452,788 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Down 2.6%

Shares of NYSE UNP opened at $225.54 on Friday. 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 market capitalization of $133.77 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07. The stock’s fifty day simple moving average is $224.45 and its two-hundred day simple moving average is $224.38. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

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, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.74 EPS. As a group, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. This is a boost 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 yield of 2.4%. Union Pacific’s payout ratio is 47.96%.

Wall Street Analyst Weigh In

UNP has been the topic of several research analyst reports. Baird R W raised Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday. Morgan Stanley dropped their price objective on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Finally, Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $261.08.

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.