Union Pacific Corporation $UNP Shares Sold by Concord Asset Management LLC VA

Concord Asset Management LLC VA lowered its stake in Union Pacific Corporation (NYSE:UNP) by 1.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,749 shares of the railroad operator’s stock after selling 172 shares during the period. Concord Asset Management LLC VA’s holdings in Union Pacific were worth $2,933,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Sequoia Financial Advisors LLC raised its position in Union Pacific by 2.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 63,710 shares of the railroad operator’s stock valued at $14,658,000 after purchasing an additional 1,219 shares in the last quarter. Vest Financial LLC raised its position in shares of Union Pacific by 39.3% during the 2nd quarter. Vest Financial LLC now owns 9,738 shares of the railroad operator’s stock worth $2,241,000 after acquiring an additional 2,746 shares in the last quarter. St. Louis Trust Co raised its position in shares of Union Pacific by 37.2% during the 2nd quarter. St. Louis Trust Co now owns 16,584 shares of the railroad operator’s stock worth $3,816,000 after acquiring an additional 4,500 shares in the last quarter. Griffin Asset Management Inc. raised its position in shares of Union Pacific by 0.9% during the 2nd quarter. Griffin Asset Management Inc. now owns 15,150 shares of the railroad operator’s stock worth $3,486,000 after acquiring an additional 129 shares in the last quarter. Finally, MGO One Seven LLC raised its position in shares of Union Pacific by 2.9% during the 2nd quarter. MGO One Seven LLC now owns 12,408 shares of the railroad operator’s stock worth $2,855,000 after acquiring an additional 354 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $225.54 on Monday. The stock has a fifty day moving average price of $224.45 and a 200 day moving average price of $224.30. The stock has a market cap of $133.77 billion, a PE ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping 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 company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a $1.38 dividend. 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 (DPR) is currently 47.96%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on UNP. Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Weiss Ratings restated a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price target on Union Pacific from $267.00 to $265.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, 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. One investment analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $261.08.

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.