Union Pacific Co. (NYSE:UNP) Shares Sold by Full Sail Capital LLC

Full Sail Capital LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 3.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,058 shares of the railroad operator’s stock after selling 78 shares during the period. Full Sail Capital LLC’s holdings in Union Pacific were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. BNP Paribas acquired a new position in shares of Union Pacific in the 1st quarter valued at about $1,088,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Union Pacific by 19.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 126,369 shares of the railroad operator’s stock valued at $31,078,000 after buying an additional 20,173 shares during the period. Shellback Capital LP raised its holdings in shares of Union Pacific by 28.2% during the 2nd quarter. Shellback Capital LP now owns 20,000 shares of the railroad operator’s stock valued at $4,525,000 after buying an additional 4,400 shares during the period. M&G Plc purchased a new stake in shares of Union Pacific during the 1st quarter valued at about $10,378,000. Finally, Kestra Advisory Services LLC raised its holdings in shares of Union Pacific by 13.6% during the 1st quarter. Kestra Advisory Services LLC now owns 90,758 shares of the railroad operator’s stock valued at $22,320,000 after buying an additional 10,876 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Price Performance

Shares of UNP opened at $244.22 on Friday. Union Pacific Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The firm has a market cap of $148.78 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 2.26 and a beta of 1.05. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $245.80 and a 200-day moving average of $238.89.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 2.19%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is currently 51.15%.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on UNP. Barclays dropped their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a report on Friday, July 26th. Susquehanna dropped their target price on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Wells Fargo & Company began coverage on Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price on the stock. Bank of America dropped their target price on Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Finally, Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Seven equities research 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 stock. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.11.

Union Pacific 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.