Picton Mahoney Asset Management Decreases Holdings in Union Pacific Corporation (NYSE:UNP)

Picton Mahoney Asset Management trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 3.4% in the first quarter, Holdings Channel reports. The firm owned 17,725 shares of the railroad operator’s stock after selling 620 shares during the period. Picton Mahoney Asset Management’s holdings in Union Pacific were worth $4,188,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. Highline Wealth Partners LLC boosted its position in Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific in the 1st quarter valued at about $32,000. EnRich Financial Partners LLC purchased a new position in Union Pacific in the 4th quarter valued at about $31,000. Strategic Investment Solutions Inc. IL boosted its position in Union Pacific by 38.8% in the 4th quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock valued at $39,000 after buying an additional 45 shares during the last quarter. Finally, Cornerstone Planning Group LLC boosted its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after buying an additional 56 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Down 2.4%

Shares of NYSE:UNP opened at $223.82 on Wednesday. The stock has a market capitalization of $133.73 billion, a price-to-earnings ratio of 19.45, a PEG ratio of 2.27 and a beta of 1.05. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a 50 day moving average price of $227.07 and a 200 day moving average price of $231.00.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping 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 during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the business posted $2.74 EPS. The company’s revenue was up 2.4% on a year-over-year basis. On average, research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.47%. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on UNP. Bank of America increased their price target on shares of Union Pacific from $256.00 to $262.00 and gave the stock a “buy” rating in a research report on Friday, May 16th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and increased their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Wells Fargo & Company increased their price target on shares of Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a research report on Friday, July 25th. Baird R W raised shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Finally, Morgan Stanley reduced their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $259.46.

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.