Anchor Investment Management LLC Trims Stock Position in Union Pacific Corporation $UNP

Anchor Investment Management LLC lessened its holdings in Union Pacific Corporation (NYSE:UNP) by 0.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 43,643 shares of the railroad operator’s stock after selling 90 shares during the period. Union Pacific accounts for approximately 1.0% of Anchor Investment Management LLC’s portfolio, making the stock its 23rd largest holding. Anchor Investment Management LLC’s holdings in Union Pacific were worth $10,310,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the first quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in Union Pacific during the first quarter worth approximately $33,000. Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. acquired a new position in Union Pacific during the first quarter worth approximately $43,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Trading Down 0.6%

NYSE UNP opened at $215.91 on Wednesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $128.05 billion, a price-to-earnings ratio of 18.76, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company’s fifty day moving average price is $225.75 and its two-hundred day moving average price is $226.53.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the firm posted $2.74 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.6%. Union Pacific’s payout ratio is currently 47.96%.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. BMO Capital Markets upped their price target 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. Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Susquehanna dropped their price target on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a research report on Wednesday, July 30th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective for the company. Finally, Baird R W raised shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.21.

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.