Lmcg Investments LLC Has $7.04 Million Stock Holdings in Union Pacific Corporation $UNP

Lmcg Investments LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 5.6% during the second quarter, Holdings Channel reports. The firm owned 30,617 shares of the railroad operator’s stock after selling 1,823 shares during the quarter. Lmcg Investments LLC’s holdings in Union Pacific were worth $7,044,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNP. Pallas Capital Advisors LLC lifted its stake in shares of Union Pacific by 22.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 2,030 shares of the railroad operator’s stock valued at $480,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC lifted its stake in shares of Union Pacific by 16.8% in the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares during the period. Focus Financial Network Inc. lifted its stake in shares of Union Pacific by 4.1% in the 1st quarter. Focus Financial Network Inc. now owns 4,933 shares of the railroad operator’s stock valued at $1,165,000 after purchasing an additional 194 shares during the period. Simon Quick Advisors LLC lifted its stake in shares of Union Pacific by 32.0% in the 1st quarter. Simon Quick Advisors LLC now owns 5,050 shares of the railroad operator’s stock valued at $1,193,000 after purchasing an additional 1,224 shares during the period. Finally, Rockland Trust Co. lifted its stake in shares of Union Pacific by 4.3% in the 1st quarter. Rockland Trust Co. now owns 127,369 shares of the railroad operator’s stock valued at $30,090,000 after purchasing an additional 5,207 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of UNP opened at $225.54 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The stock has a 50 day moving average price of $224.45 and a two-hundred day moving average price of $224.47. The firm has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.41 and a beta of 1.07. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.74 EPS. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is presently 47.96%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Sanford C. Bernstein boosted their price objective on Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a research note on Monday, July 21st. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and upped their price target for the stock from $250.00 to $285.00 in a research note on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a research note on Wednesday. Evercore ISI dropped their price target on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $261.08.

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.