Union Pacific Corporation $UNP Stake Cut by Relyea Zuckerberg Hanson LLC

Relyea Zuckerberg Hanson LLC cut its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 7.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,527 shares of the railroad operator’s stock after selling 365 shares during the quarter. Relyea Zuckerberg Hanson LLC’s holdings in Union Pacific were worth $1,042,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in UNP. Vest Financial LLC lifted its holdings in shares of Union Pacific by 45.4% during the 1st quarter. Vest Financial LLC now owns 6,992 shares of the railroad operator’s stock valued at $1,652,000 after buying an additional 2,183 shares during the last quarter. SeaCrest Wealth Management LLC raised its holdings in Union Pacific by 13.2% during the first quarter. SeaCrest Wealth Management LLC now owns 2,610 shares of the railroad operator’s stock valued at $617,000 after buying an additional 304 shares in the last quarter. Perennial Advisors LLC increased its holdings in shares of Union Pacific by 1.9% during the 1st quarter. Perennial Advisors LLC now owns 35,462 shares of the railroad operator’s stock valued at $8,378,000 after acquiring an additional 668 shares during the last quarter. Wedmont Private Capital lifted its holdings in Union Pacific by 10.4% in the 1st quarter. Wedmont Private Capital now owns 5,135 shares of the railroad operator’s stock worth $1,122,000 after purchasing an additional 485 shares during the last quarter. Finally, Revolve Wealth Partners LLC raised its position in shares of Union Pacific by 5.7% in the first quarter. Revolve Wealth Partners LLC now owns 1,064 shares of the railroad operator’s stock valued at $251,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price target on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Baird R W raised Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Morgan Stanley cut their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and increased their price objective for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $260.54.

Union Pacific Stock Up 0.9%

NYSE UNP opened at $236.60 on Monday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a market capitalization of $140.33 billion, a price-to-earnings ratio of 20.56, a PEG ratio of 2.47 and a beta of 1.07. The stock’s 50 day moving average is $223.67 and its two-hundred day moving average is $224.44. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $2.74 EPS. Equities analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is currently 47.96%.

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.