Prestige Wealth Management Group LLC Trims Position in Union Pacific Co. (NYSE:UNP)

Prestige Wealth Management Group LLC lowered its position in Union Pacific Co. (NYSE:UNP) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,884 shares of the railroad operator’s stock after selling 131 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Union Pacific were worth $652,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. 9258 Wealth Management LLC increased its position in shares of Union Pacific by 2.1% during the 4th quarter. 9258 Wealth Management LLC now owns 3,124 shares of the railroad operator’s stock worth $767,000 after purchasing an additional 65 shares during the last quarter. Gryphon Financial Partners LLC increased its position in shares of Union Pacific by 86.8% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,589 shares of the railroad operator’s stock valued at $594,000 after acquiring an additional 1,203 shares during the last quarter. Cary Street Partners Investment Advisory LLC raised its stake in shares of Union Pacific by 24.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 9,795 shares of the railroad operator’s stock valued at $2,406,000 after acquiring an additional 1,911 shares during the period. AGF Management Ltd. lifted its holdings in shares of Union Pacific by 3.3% in the 4th quarter. AGF Management Ltd. now owns 29,247 shares of the railroad operator’s stock worth $7,184,000 after acquiring an additional 930 shares during the last quarter. Finally, Dana Investment Advisors Inc. lifted its holdings in shares of Union Pacific by 19.0% in the 4th quarter. Dana Investment Advisors Inc. now owns 4,760 shares of the railroad operator’s stock worth $1,169,000 after acquiring an additional 761 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Barclays cut their target price on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Susquehanna cut their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday. Royal Bank of Canada cut their price target on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Finally, Sanford C. Bernstein lowered 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 note on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Stock Down 0.8 %

Union Pacific stock traded down $1.90 during midday trading on Friday, reaching $249.63. The company’s stock had a trading volume of 2,406,225 shares, compared to its average volume of 2,268,389. The business has a 50-day simple moving average of $240.55 and a 200-day simple moving average of $239.32. The company has a market cap of $152.30 billion, a P/E ratio of 23.82, a P/E/G ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.57 earnings per share. On average, research analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $1.34 dividend. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total transaction of $875,887.68. Following the transaction, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.28% of the stock is owned by company insiders.

Union Pacific Company 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.