SG Americas Securities LLC decreased its holdings in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 95.5% during the first quarter, according to its most recent filing with the SEC. The firm owned 9,919 shares of the railroad operator’s stock after selling 211,915 shares during the period. SG Americas Securities LLC’s holdings in Union Pacific were worth $1,996,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Burleson & Company LLC grew its position in shares of Union Pacific by 4.9% in the 4th quarter. Burleson & Company LLC now owns 1,063 shares of the railroad operator’s stock worth $220,000 after buying an additional 50 shares during the last quarter. BigSur Wealth Management LLC grew its position in shares of Union Pacific by 1.4% in the 4th quarter. BigSur Wealth Management LLC now owns 3,809 shares of the railroad operator’s stock worth $789,000 after buying an additional 52 shares during the last quarter. Gleason Group Inc. grew its position in shares of Union Pacific by 6.0% in the 1st quarter. Gleason Group Inc. now owns 923 shares of the railroad operator’s stock worth $186,000 after buying an additional 52 shares during the last quarter. Palisade Asset Management LLC grew its position in shares of Union Pacific by 1.1% in the 4th quarter. Palisade Asset Management LLC now owns 5,050 shares of the railroad operator’s stock worth $1,046,000 after buying an additional 54 shares during the last quarter. Finally, Cary Street Partners Asset Management LLC grew its position in shares of Union Pacific by 3.8% in the 4th quarter. Cary Street Partners Asset Management LLC now owns 1,489 shares of the railroad operator’s stock worth $308,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 84.04% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on UNP shares. Morgan Stanley lowered their target price on shares of Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Citigroup lowered their target price on shares of Union Pacific from $237.00 to $235.00 in a research note on Tuesday, July 11th. Susquehanna lowered their target price on shares of Union Pacific from $203.00 to $202.00 and set a “neutral” rating for the company in a research note on Friday, April 21st. StockNews.com started coverage on shares of Union Pacific in a research note on Thursday, May 18th. They issued a “hold” rating for the company. Finally, TD Cowen lowered their target price on shares of Union Pacific from $222.00 to $218.00 and set an “outperform” rating for the company in a research note on Friday, April 21st. Thirteen 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, the company currently has an average rating of “Moderate Buy” and a consensus price target of $216.70.
Union Pacific Price Performance
Union Pacific (NYSE:UNP – Get Free Report) last issued its quarterly earnings results on Thursday, April 20th. The railroad operator reported $2.67 EPS for the quarter, topping the consensus estimate of $2.57 by $0.10. The company had revenue of $6.06 billion during the quarter, compared to analyst estimates of $6.03 billion. Union Pacific had a net margin of 27.91% and a return on equity of 57.75%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.57 EPS. As a group, research analysts predict that Union Pacific Co. will post 11.22 EPS for the current fiscal year.
Union Pacific Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, May 31st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 2.40%. The ex-dividend date was Tuesday, May 30th. Union Pacific’s payout ratio is presently 45.94%.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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