Curbstone Financial Management Corp lowered its stake in shares of Union Pacific Co. (NYSE:UNP – Free Report) by 12.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 2,848 shares of the railroad operator’s stock after selling 400 shares during the period. Curbstone Financial Management Corp’s holdings in Union Pacific were worth $583,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Koesten Hirschmann & Crabtree INC. purchased a new position in Union Pacific during the 4th quarter worth $25,000. NewSquare Capital LLC lifted its position in shares of Union Pacific by 116.7% during the first quarter. NewSquare Capital LLC now owns 130 shares of the railroad operator’s stock valued at $26,000 after purchasing an additional 70 shares in the last quarter. Tucker Asset Management LLC purchased a new position in Union Pacific during the first quarter worth about $26,000. Miller Wealth Advisors LLC grew its position in Union Pacific by 108.3% in the 1st quarter. Miller Wealth Advisors LLC now owns 125 shares of the railroad operator’s stock worth $30,000 after purchasing an additional 65 shares in the last quarter. Finally, Centerpoint Advisors LLC boosted its stake in shares of Union Pacific by 86.7% in the 1st quarter. Centerpoint Advisors LLC now owns 155 shares of the railroad operator’s stock worth $31,000 after buying an additional 72 shares during the last quarter. Institutional investors own 77.36% of the company’s stock.
Insider Buying and Selling at Union Pacific
In other news, EVP Kenyatta G. Rocker sold 8,700 shares of the firm’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the transaction, the executive vice president now owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the sale, the executive vice president now directly owns 42,061 shares in the company, valued at $9,355,628.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jennifer L. Hamann sold 1,000 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the completion of 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 owned by corporate insiders.
Union Pacific Trading Up 1.3 %
Union Pacific (NYSE:UNP – Get Free Report) last posted its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $2.57 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.18). The firm had revenue of $5.96 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 55.03% and a net margin of 27.18%. Union Pacific’s revenue for the quarter was down 4.9% compared to the same quarter last year. During the same quarter last year, the company posted $2.93 EPS. As a group, equities analysts expect that Union Pacific Co. will post 10.5 EPS for the current fiscal year.
Union Pacific Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 2.42%. Union Pacific’s dividend payout ratio is currently 47.45%.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on UNP. Atlantic Securities lowered Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 price target on the stock. in a report on Thursday, July 27th. Wells Fargo & Company boosted their target price on shares of Union Pacific from $200.00 to $245.00 in a research note on Thursday, July 27th. Morgan Stanley lowered their price objective on Union Pacific from $171.00 to $168.00 in a research note on Thursday, July 6th. Susquehanna lifted their price objective on shares of Union Pacific from $230.00 to $240.00 in a research note on Thursday, July 27th. Finally, Barclays increased their price target on shares of Union Pacific from $230.00 to $285.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. Twelve equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $233.97.
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.
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