Modera Wealth Management LLC Sells 47 Shares of Union Pacific Co. (NYSE:UNP)

Modera Wealth Management LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 0.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,569 shares of the railroad operator’s stock after selling 47 shares during the period. Modera Wealth Management LLC’s holdings in Union Pacific were worth $2,618,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A purchased a new position in shares of Union Pacific in the fourth quarter valued at $25,000. Richardson Capital Management LLC purchased a new position in Union Pacific during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. increased its position in shares of Union Pacific by 211.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after buying an additional 74 shares during the period. Scarborough Advisors LLC purchased a new stake in shares of Union Pacific in the fourth quarter worth about $29,000. Finally, Cultivar Capital Inc. bought a new position in shares of Union Pacific in the second quarter valued at approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on UNP. Royal Bank of Canada decreased their target price on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus dropped their price objective on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Finally, Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Trading Up 1.1 %

Union Pacific stock traded up $2.88 during mid-day trading on Friday, hitting $256.08. The company’s stock had a trading volume of 2,386,553 shares, compared to its average volume of 2,260,287. The business has a 50 day moving average price of $237.06 and a 200-day moving average price of $239.12. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The stock has a market cap of $156.00 billion, a price-to-earnings ratio of 24.44, a price-to-earnings-growth ratio of 2.19 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same quarter in the previous year, the company posted $2.57 EPS. Union Pacific’s revenue for the quarter was up .7% on a year-over-year basis. As a group, analysts forecast that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is 49.62%.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.28% of the company’s stock.

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.