Legacy Financial Advisors Inc. Has $1.58 Million Stock Holdings in Union Pacific Co. (NYSE:UNP)

Legacy Financial Advisors Inc. lessened its holdings in Union Pacific Co. (NYSE:UNP) by 3.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,984 shares of the railroad operator’s stock after selling 242 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Union Pacific were worth $1,580,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of UNP. OLD Point Trust & Financial Services N A bought a new position in Union Pacific during the 4th quarter worth $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific in the 1st quarter worth about $26,000. Raleigh Capital Management Inc. raised its position in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 74 shares in the last quarter. Cultivar Capital Inc. bought a new position in shares of Union Pacific in the 2nd quarter worth about $27,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Union Pacific in the 4th quarter valued at about $29,000. 80.38% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Stock Performance

NYSE UNP opened at $245.39 on Friday. The firm has a market cap of $149.72 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.24 and a beta of 1.05. The company has a 50-day simple moving average of $245.45 and a two-hundred day simple moving average of $239.17. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same period in the prior year, the firm posted $2.57 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. On average, equities analysts forecast that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a yield of 2.18%. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 51.15%.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Union Pacific in a report on Friday. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Finally, BMO Capital Markets lowered their target price on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

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.