Rice Partnership LLC lowered its holdings in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 15.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,016 shares of the railroad operator's stock after selling 182 shares during the quarter. Rice Partnership LLC's holdings in Union Pacific were worth $217,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Union Pacific in the 1st quarter worth $25,000. Aspire Private Capital LLC raised its holdings in Union Pacific by 92.3% in the 1st quarter. Aspire Private Capital LLC now owns 100 shares of the railroad operator's stock worth $27,000 after purchasing an additional 48 shares during the period. Dravo Bay LLC acquired a new position in shares of Union Pacific during the first quarter valued at approximately $29,000. Enterprise Trust & Investment Co purchased a new stake in shares of Union Pacific in the second quarter valued at approximately $29,000. Finally, Cyrus J. Lawrence LLC purchased a new position in Union Pacific in the first quarter worth approximately $34,000. Hedge funds and other institutional investors own 77.89% of the company's stock.
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Shares of Union Pacific stock opened at $200.26 on Tuesday. The company has a fifty day moving average price of $224.13 and a 200 day moving average price of $227.36. The company has a current ratio of 0.66, a quick ratio of 0.53 and a debt-to-equity ratio of 2.33. Union Pacific Co. has a twelve month low of $194.73 and a twelve month high of $278.94. The stock has a market cap of $125.06 billion, a price-to-earnings ratio of 18.66, a price-to-earnings-growth ratio of 1.69 and a beta of 1.15.
Union Pacific (NYSE:UNP – Get Rating) last issued its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 EPS for the quarter, topping analysts' consensus estimates of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same quarter in the previous year, the business posted $2.72 EPS. The firm's revenue was up 13.9% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Co. will post 11.55 earnings per share for the current fiscal year.Union Pacific Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st were issued a $1.30 dividend. The ex-dividend date was Tuesday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.60%. Union Pacific's dividend payout ratio is currently 48.46%.
Analyst Ratings Changes
Several equities analysts have issued reports on UNP shares. Sanford C. Bernstein lowered Union Pacific from an "outperform" rating to a "market perform" rating and dropped their price objective for the stock from $234.00 to $230.00 in a report on Wednesday, September 14th. Daiwa Capital Markets downgraded shares of Union Pacific from an "outperform" rating to a "neutral" rating and lifted their price target for the company from $235.00 to $242.00 in a research report on Friday, August 26th. They noted that the move was a valuation call. JPMorgan Chase & Co. downgraded shares of Union Pacific from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $272.00 to $232.00 in a research report on Tuesday, July 12th. Wells Fargo & Company cut their price objective on Union Pacific from $265.00 to $218.00 and set an "equal weight" rating for the company in a research report on Friday, July 15th. Finally, Barclays cut their price objective on Union Pacific from $255.00 to $235.00 and set an "overweight" rating for the company in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $241.83.
Union Pacific Profile
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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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