Cullen Investment Group LTD. Sells 304 Shares of Union Pacific Co. (NYSE:UNP)

Cullen Investment Group LTD. decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 47,482 shares of the railroad operator’s stock after selling 304 shares during the period. Union Pacific makes up 1.7% of Cullen Investment Group LTD.’s holdings, making the stock its 10th largest position. Cullen Investment Group LTD.’s holdings in Union Pacific were worth $11,703,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Forum Financial Management LP increased its stake in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after buying an additional 41 shares during the last quarter. Prestige Wealth Management Group LLC increased its stake in Union Pacific by 1.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock valued at $741,000 after buying an additional 42 shares during the last quarter. Fairhaven Wealth Management LLC increased its stake in Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock valued at $584,000 after buying an additional 43 shares during the last quarter. Chesapeake Wealth Management increased its stake in Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock valued at $1,856,000 after buying an additional 43 shares during the last quarter. Finally, Elevated Capital Advisors LLC grew its position in shares of Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after acquiring an additional 44 shares during the period. Institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of a number of research reports. Sanford C. Bernstein reduced their target price 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 reduced their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Benchmark reissued a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Barclays cut their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a report on Friday, July 26th. Finally, Stifel Nicolaus cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $259.32.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific 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 transaction, the president now owns 64,945 shares in the company, valued at $16,014,787.55. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of Union Pacific stock traded down $1.77 on Friday, hitting $238.86. 2,137,949 shares of the company traded hands, compared to its average volume of 2,288,305. The firm’s 50-day simple moving average is $246.18 and its 200 day simple moving average is $238.83. 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 company has a market cap of $145.51 billion, a P/E ratio of 22.79, a P/E/G ratio of 2.24 and a beta of 1.05. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm 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 business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. Analysts expect that Union Pacific Co. will post 11.1 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were given a dividend of $1.34 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.24%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

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.