Gladstone Capital Management LLP Has $747,000 Holdings in Union Pacific Co. (NYSE:UNP)

Gladstone Capital Management LLP decreased its position in Union Pacific Co. (NYSE:UNP) by 98.9% in the 2nd quarter, HoldingsChannel reports. The fund owned 3,302 shares of the railroad operator’s stock after selling 297,265 shares during the period. Union Pacific makes up about 0.1% of Gladstone Capital Management LLP’s investment portfolio, making the stock its 17th biggest holding. Gladstone Capital Management LLP’s holdings in Union Pacific were worth $747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. OLD Point Trust & Financial Services N A bought a new stake in Union Pacific in the fourth quarter valued at about $25,000. Richardson Capital Management LLC bought a new stake in shares of Union Pacific in the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its holdings 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 buying an additional 74 shares in the last quarter. Scarborough Advisors LLC bought a new position in shares of Union Pacific during the 4th quarter worth approximately $29,000. Finally, Cultivar Capital Inc. acquired a new stake in Union Pacific in the 2nd quarter valued at $27,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

Shares of UNP stock opened at $245.39 on Monday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The company’s 50 day moving average price is $245.45 and its two-hundred day moving average price is $238.99. The company has a market capitalization of $149.72 billion, a P/E ratio of 23.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted 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. The business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.57 EPS. On average, analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Susquehanna dropped their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Sanford C. Bernstein dropped their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. TD Cowen lowered their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Finally, Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on 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 of the company’s stock, valued at $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.28% of the company’s stock.

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.