Phraction Management LLC Sells 1,810 Shares of Union Pacific Corporation $UNP

Phraction Management LLC cut its stake in Union Pacific Corporation (NYSE:UNP) by 24.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,537 shares of the railroad operator’s stock after selling 1,810 shares during the period. Phraction Management LLC’s holdings in Union Pacific were worth $1,274,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. LGT Group Foundation lifted its position in Union Pacific by 9.7% in the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the period. Nuveen LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $988,822,000. SlateStone Wealth LLC lifted its holdings in shares of Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after acquiring an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC boosted its position in shares of Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock valued at $866,000 after acquiring an additional 359 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after acquiring an additional 1,520 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Down 0.0%

Shares of NYSE:UNP opened at $234.65 on Friday. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The firm has a market cap of $139.16 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 1.07. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company’s 50-day moving average price is $223.43 and its two-hundred day moving average price is $224.59.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same period in the prior year, the firm earned $2.74 earnings per share. Union Pacific’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a $1.38 dividend. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s dividend payout ratio is 47.96%.

Analyst Ratings Changes

A number of brokerages have commented on UNP. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Evercore ISI reduced their price target on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Finally, Robert W. Baird assumed coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a “neutral” rating and a $231.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $260.00.

Union Pacific 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.