Sharp Financial Services LLC Sells 1,365 Shares of Union Pacific Corporation $UNP

Sharp Financial Services LLC lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 59.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 916 shares of the railroad operator’s stock after selling 1,365 shares during the quarter. Sharp Financial Services LLC’s holdings in Union Pacific were worth $211,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Advocate Group LLC boosted its stake in shares of Union Pacific by 1.4% in the 2nd quarter. Advocate Group LLC now owns 34,126 shares of the railroad operator’s stock valued at $7,852,000 after purchasing an additional 477 shares during the last quarter. OFI Invest Asset Management boosted its stake in shares of Union Pacific by 7.1% in the 2nd quarter. OFI Invest Asset Management now owns 182,455 shares of the railroad operator’s stock valued at $41,979,000 after purchasing an additional 12,067 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Union Pacific by 4.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 74,002 shares of the railroad operator’s stock valued at $17,030,000 after purchasing an additional 2,965 shares during the last quarter. Sather Financial Group Inc boosted its stake in shares of Union Pacific by 5.5% in the 2nd quarter. Sather Financial Group Inc now owns 99,615 shares of the railroad operator’s stock valued at $22,919,000 after purchasing an additional 5,167 shares during the last quarter. Finally, Concurrent Investment Advisors LLC boosted its stake in shares of Union Pacific by 12.4% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 22,684 shares of the railroad operator’s stock valued at $5,219,000 after purchasing an additional 2,503 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Price Performance

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

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 during the quarter, compared to analysts’ expectations of $6.09 billion. During the same period last year, the business earned $2.74 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. 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. Union Pacific’s payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of analyst reports. Susquehanna reiterated a “positive” rating and issued a $272.00 price target (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. BMO Capital Markets increased their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Robert W. Baird initiated coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target on the stock. One equities research 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $261.08.

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.