Cwm LLC Lowers Holdings in Union Pacific Corporation $UNP

Cwm LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 117,031 shares of the railroad operator’s stock after selling 3,515 shares during the period. Cwm LLC’s holdings in Union Pacific were worth $26,926,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC boosted its holdings in Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its holdings in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new stake in Union Pacific in the first quarter valued at $32,000. WPG Advisers LLC purchased a new stake in Union Pacific in the first quarter valued at $33,000. Finally, Cornerstone Planning Group LLC boosted its holdings in Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Down 2.6%

UNP opened at $225.54 on Monday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. 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 company has a 50-day moving average price of $224.45 and a 200 day moving average price of $224.30. The company has a market cap of $133.77 billion, a PE ratio of 19.60, a price-to-earnings-growth ratio of 2.34 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping 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 firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the firm earned $2.74 EPS. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared 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 is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s payout ratio is currently 47.96%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target on the stock. Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a research report on Wednesday, October 8th. BMO Capital Markets upped their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and upped their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average 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.