CX Institutional Has $16.81 Million Holdings in Union Pacific Corporation $UNP

CX Institutional cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,801 shares of the railroad operator’s stock after selling 12,164 shares during the quarter. CX Institutional’s holdings in Union Pacific were worth $16,810,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. SWP Investment Management LLC boosted its stake in shares of Union Pacific by 3.8% in the second quarter. SWP Investment Management LLC now owns 9,720 shares of the railroad operator’s stock valued at $2,644,000 after buying an additional 360 shares during the period. First County Bank CT increased its stake in Union Pacific by 1.7% during the 2nd quarter. First County Bank CT now owns 6,185 shares of the railroad operator’s stock worth $1,682,000 after acquiring an additional 103 shares during the period. Adelphi Trust Co increased its stake in Union Pacific by 96.2% during the 2nd quarter. Adelphi Trust Co now owns 7,765 shares of the railroad operator’s stock worth $2,112,000 after acquiring an additional 3,808 shares during the period. Eastern Bank increased its stake in Union Pacific by 59.6% during the 2nd quarter. Eastern Bank now owns 209,187 shares of the railroad operator’s stock worth $56,899,000 after acquiring an additional 78,131 shares during the period. Finally, Trust Co of the South raised its holdings in Union Pacific by 4.3% in the 2nd quarter. Trust Co of the South now owns 1,217 shares of the railroad operator’s stock valued at $331,000 after acquiring an additional 50 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on UNP. Wells Fargo & Company reiterated an “overweight” rating and set a $335.00 target price (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the stock a “neutral” rating in a research report on Friday, July 24th. Susquehanna upped their price objective on shares of Union Pacific from $305.00 to $333.00 and gave the stock a “positive” rating in a research report on Tuesday, July 14th. The Goldman Sachs Group set a $317.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research note on Thursday, July 23rd. Finally, Stephens raised shares of Union Pacific to a “strong-buy” rating in a report on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $320.89.

Insider Activity

In other news, EVP Eric J. Gehringer sold 2,991 shares of the stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares in the company, valued at approximately $11,353,447.52. This represents a 6.50% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.22% of the company’s stock.

Union Pacific Trading Down 0.1%

Shares of Union Pacific stock opened at $291.90 on Tuesday. The firm’s 50 day moving average is $278.13 and its 200 day moving average is $261.21. The firm has a market capitalization of $173.41 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 2.99 and a beta of 0.96. Union Pacific Corporation has a 1 year low of $210.84 and a 1 year high of $315.99. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during the quarter, compared to the consensus estimate of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.03 EPS. Equities research analysts forecast that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. This is a boost from Union Pacific’s previous quarterly dividend of $1.38. The ex-dividend date is Monday, August 31st. Union Pacific’s dividend payout ratio (DPR) is currently 44.70%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.