Union Pacific Co. (NYSE:UNP) Shares Sold by Parcion Private Wealth LLC

Parcion Private Wealth LLC cut its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.1% in the 2nd quarter, Holdings Channel reports. The firm owned 10,983 shares of the railroad operator’s stock after selling 117 shares during the quarter. Parcion Private Wealth LLC’s holdings in Union Pacific were worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in UNP. 9258 Wealth Management LLC grew its holdings in shares of Union Pacific by 2.1% during the fourth quarter. 9258 Wealth Management LLC now owns 3,124 shares of the railroad operator’s stock valued at $767,000 after purchasing an additional 65 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in Union Pacific by 86.8% in the 4th quarter. Gryphon Financial Partners LLC now owns 2,589 shares of the railroad operator’s stock worth $594,000 after buying an additional 1,203 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in Union Pacific in the 4th quarter worth approximately $202,000. Kovitz Investment Group Partners LLC grew its holdings in Union Pacific by 13.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 23,847 shares of the railroad operator’s stock worth $5,857,000 after buying an additional 2,776 shares in the last quarter. Finally, Lebenthal Global Advisors LLC bought a new position in Union Pacific in the 4th quarter worth approximately $342,000. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Down 0.8 %

Shares of UNP traded down $1.90 during mid-day 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 fifty day moving average of $240.55 and a 200 day moving average of $239.38. The company has a market cap of $152.07 billion, a price-to-earnings ratio of 23.81, a price-to-earnings-growth ratio of 2.26 and a beta of 1.05. Union Pacific Co. has a 1 year low of $199.33 and a 1 year 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 released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The company had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.57 earnings per share. As a group, analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $1.34 dividend. The ex-dividend date is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is presently 51.15%.

Insider Activity

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction on Tuesday, July 30th. The stock was 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 $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Union Pacific from $281.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Wells Fargo & Company initiated coverage on Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 price target for the company. Benchmark reaffirmed a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. TD Cowen decreased their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research note on Friday, July 26th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $258.79.

About Union Pacific

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.