Union Pacific Corporation $UNP Shares Sold by Skylands Capital LLC

Skylands Capital LLC decreased its position in Union Pacific Corporation (NYSE:UNP) by 0.9% during the 3rd quarter, Holdings Channel reports. The firm owned 203,220 shares of the railroad operator’s stock after selling 1,750 shares during the period. Union Pacific comprises about 7.2% of Skylands Capital LLC’s holdings, making the stock its biggest holding. Skylands Capital LLC’s holdings in Union Pacific were worth $55,302,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new stake in Union Pacific during the 1st quarter valued at $27,000. Merkkuri Wealth Advisors LLC purchased a new position in shares of Union Pacific in the first quarter valued at about $29,000. Wiser Advisor Group LLC purchased a new position in shares of Union Pacific in the second quarter valued at about $30,000. Kelly Lawrence W & Associates Inc. CA purchased a new position in shares of Union Pacific in the second quarter valued at about $34,000. Finally, Clark Wealth Partners increased its position in shares of Union Pacific by 37.4% in the third quarter. Clark Wealth Partners now owns 136 shares of the railroad operator’s stock valued at $37,000 after acquiring an additional 37 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a research note on Friday, July 24th. Stephens raised Union Pacific to a “strong-buy” rating in a research note on Wednesday, July 8th. Benchmark raised their target price on Union Pacific from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday, July 24th. Citizens Jmp initiated coverage on Union Pacific in a report on Wednesday, July 15th. They set an “outperform” rating and a $350.00 price target on the stock. Finally, JPMorgan Chase & Co. reduced their price target on Union Pacific from $334.00 to $322.00 and set a “neutral” rating on the stock in a report on Monday, October 5th. Two analysts have rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $325.00.

Union Pacific Trading Up 0.1%

NYSE UNP opened at $287.85 on Thursday. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a twelve month low of $215.53 and a twelve month high of $315.99. The firm has a market capitalization of $171.01 billion, a PE ratio of 23.31, a P/E/G ratio of 2.86 and a beta of 0.95. The stock’s 50 day moving average is $287.41 and its 200 day moving average is $277.80.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $3.03 earnings per share. Research analysts forecast that Union Pacific Corporation will post 13.05 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were given a dividend of $1.42 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Monday, August 31st. Union Pacific’s payout ratio is 45.99%.

Union Pacific Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.