Family Management Corp Sells 563 Shares of Union Pacific Co. (NYSE:UNP)

Family Management Corp lowered its holdings in shares of Union Pacific Co. (NYSE:UNP) by 3.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,503 shares of the railroad operator’s stock after selling 563 shares during the period. Family Management Corp’s holdings in Union Pacific were worth $3,120,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNP. Moneta Group Investment Advisors LLC grew its stake in shares of Union Pacific by 90,390.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 13,697,556 shares of the railroad operator’s stock worth $2,836,353,000 after buying an additional 13,682,419 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Union Pacific by 2.0% in the first quarter. Geode Capital Management LLC now owns 11,164,765 shares of the railroad operator’s stock worth $2,242,636,000 after purchasing an additional 223,827 shares during the last quarter. Morgan Stanley increased its position in Union Pacific by 10.9% during the fourth quarter. Morgan Stanley now owns 8,983,932 shares of the railroad operator’s stock valued at $1,860,303,000 after acquiring an additional 883,963 shares during the last quarter. Soroban Capital Partners LP lifted its holdings in Union Pacific by 77.5% in the first quarter. Soroban Capital Partners LP now owns 8,260,185 shares of the railroad operator’s stock valued at $1,662,445,000 after acquiring an additional 3,605,266 shares during the period. Finally, Price T Rowe Associates Inc. MD boosted its position in Union Pacific by 54.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,693,943 shares of the railroad operator’s stock worth $1,347,224,000 after purchasing an additional 2,349,841 shares during the last quarter. Hedge funds and other institutional investors own 77.36% of the company’s stock.

Insider Activity at Union Pacific

In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total transaction of $222,830.00. Following the completion of the transaction, the chief financial officer now owns 99,378 shares in the company, valued at $22,144,399.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the transaction, the executive vice president now directly owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jennifer L. Hamann sold 1,000 shares of the stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $222.83, for a total value of $222,830.00. Following the sale, the chief financial officer now directly owns 99,378 shares in the company, valued at approximately $22,144,399.74. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by insiders.

Analysts Set New Price Targets

UNP has been the topic of several recent research reports. Stephens increased their price objective on shares of Union Pacific from $232.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, July 27th. Morgan Stanley reduced their price objective on Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Royal Bank of Canada upgraded Union Pacific from a “sector perform” rating to an “outperform” rating and lifted their target price for the company from $193.00 to $282.00 in a research report on Wednesday, July 26th. Stifel Nicolaus upped their price target on Union Pacific from $216.00 to $223.00 in a research report on Monday, July 17th. Finally, Citigroup lifted their price objective on Union Pacific from $235.00 to $270.00 in a research report on Thursday, July 27th. Twelve analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $233.97.

Union Pacific Trading Up 1.0 %

UNP stock traded up $2.08 during midday trading on Tuesday, reaching $213.69. 1,340,461 shares of the company traded hands, compared to its average volume of 2,938,619. The firm has a market capitalization of $130.23 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 2.01 and a beta of 1.11. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.57 and a current ratio of 0.71. The business has a 50 day moving average of $220.09 and a 200-day moving average of $206.20. Union Pacific Co. has a 52-week low of $183.69 and a 52-week high of $240.48.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.18). The company had revenue of $5.96 billion for the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The business’s quarterly revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.93 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 10.5 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be paid a dividend of $1.30 per share. The ex-dividend date is Wednesday, August 30th. This represents a $5.20 dividend on an annualized basis and a dividend yield of 2.43%. Union Pacific’s dividend payout ratio is presently 47.45%.

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, 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.