Hamel Associates Inc. Sells 407 Shares of Union Pacific Corporation $UNP

Hamel Associates Inc. reduced its stake in Union Pacific Corporation (NYSE:UNP) by 1.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,061 shares of the railroad operator’s stock after selling 407 shares during the period. Union Pacific makes up approximately 2.0% of Hamel Associates Inc.’s investment portfolio, making the stock its 20th biggest position. Hamel Associates Inc.’s holdings in Union Pacific were worth $5,996,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in UNP. VestGen Advisors LLC lifted its position in shares of Union Pacific by 37.2% during the 2nd quarter. VestGen Advisors LLC now owns 5,405 shares of the railroad operator’s stock valued at $1,232,000 after acquiring an additional 1,465 shares during the period. Trustmark Bank Trust Department increased its position in shares of Union Pacific by 1.6% in the second quarter. Trustmark Bank Trust Department now owns 5,475 shares of the railroad operator’s stock worth $1,260,000 after purchasing an additional 88 shares during the period. BLI Banque de Luxembourg Investments raised its stake in Union Pacific by 5.5% in the second quarter. BLI Banque de Luxembourg Investments now owns 404,080 shares of the railroad operator’s stock valued at $93,484,000 after purchasing an additional 21,170 shares in the last quarter. West Family Investments Inc. lifted its position in Union Pacific by 52.8% during the second quarter. West Family Investments Inc. now owns 2,823 shares of the railroad operator’s stock worth $650,000 after purchasing an additional 976 shares during the period. Finally, Loomis Sayles & Co. L P grew its stake in Union Pacific by 59.8% during the second quarter. Loomis Sayles & Co. L P now owns 24,348 shares of the railroad operator’s stock worth $5,602,000 after buying an additional 9,108 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Up 0.8%

Shares of NYSE:UNP opened at $232.45 on Friday. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The company has a market capitalization of $137.88 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The company has a debt-to-equity ratio of 1.75, a quick ratio of 0.60 and a current ratio of 0.75. The company has a fifty day moving average of $225.97 and a 200-day moving average of $225.18.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. During the same quarter in the previous year, the company posted $2.75 EPS. Union Pacific’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Friday, December 5th will be paid a $1.38 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio is currently 46.90%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Susquehanna restated a “positive” rating and issued a $272.00 target price (up from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Cowen restated a “buy” rating on shares of Union Pacific in a research report on Friday, October 24th. Citigroup upped their target price on Union Pacific from $263.00 to $265.00 and gave the stock a “buy” rating in a research note on Friday, October 24th. TD Cowen decreased their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating on the stock in a research note on Friday, October 24th. Finally, The Goldman Sachs Group set a $263.00 price objective on Union Pacific and gave the stock a “neutral” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $261.63.

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.