Union Pacific Corporation $UNP Shares Sold by Ellis Investment Partners LLC

Ellis Investment Partners LLC lessened its stake in shares of Union Pacific Corporation (NYSE:UNP) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,294 shares of the railroad operator’s stock after selling 56 shares during the period. Ellis Investment Partners LLC’s holdings in Union Pacific were worth $3,289,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Highline Wealth Partners LLC raised its position in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after acquiring an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the 1st quarter valued at about $32,000. WPG Advisers LLC acquired a new stake in Union Pacific in the 1st quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC raised its holdings in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 56 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Down 2.6%

Shares of NYSE UNP opened at $225.54 on Monday. The company has a 50 day simple moving average of $224.45 and a 200-day simple moving average of $224.30. The company has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

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

Union Pacific Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Royal Bank Of Canada increased their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. BMO Capital Markets increased their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a report on Tuesday, July 15th. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a report on Wednesday, October 8th. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $250.00 to $251.00 in a report on Monday, September 15th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target 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.