Alley Investment Management Company LLC Has $20.80 Million Stock Position in Union Pacific Corporation $UNP

Key Points

• Alley Investment Management reduced its Union Pacific stake by 10.3% in the second quarter, selling 8,743 shares and retaining 76,467 shares valued at approximately $20.8 million.
• Union Pacific reported strong quarterly results, with EPS of $3.41 and revenue of $6.86 billion, exceeding analyst estimates; revenue increased 11.5% year over year.
• The company raised its quarterly dividend to $1.42 per share, equivalent to an annualized $5.68 payout and a 2.0% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $320.89.

Alley Investment Management Company LLC trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 10.3% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 76,467 shares of the railroad operator's stock after selling 8,743 shares during the period. Union Pacific makes up approximately 2.4% of Alley Investment Management Company LLC's holdings, making the stock its 10th largest position. Alley Investment Management Company LLC's holdings in Union Pacific were worth $20,799,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Tucker Asset Management LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $25,000. SWAN Capital LLC boosted its stake in Union Pacific by 2,575.0% during the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator's stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Cornerstone Financial Management LLC purchased a new stake in Union Pacific during the 4th quarter valued at $27,000. Scarborough Advisors LLC bought a new stake in shares of Union Pacific in the 1st quarter worth $27,000. Finally, Merkkuri Wealth Advisors LLC bought a new stake in shares of Union Pacific in the 1st quarter worth $29,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Union Pacific Stock Down 0.2%

UNP opened at $289.24 on Friday. The firm has a 50-day simple moving average of $293.56 and a two-hundred day simple moving average of $270.79. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a market capitalization of $171.83 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. 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 (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.26 by $0.15. Union Pacific had a return on equity of 38.46% and a net margin of 28.85%.The firm had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same period in the previous year, the firm posted $3.03 earnings per share. The business's revenue was up 11.5% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post 13.02 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be issued a $1.42 dividend. This represents a $5.68 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Union Pacific's previous quarterly dividend of $1.38. The ex-dividend date of this dividend is Monday, August 31st. Union Pacific's payout ratio is 45.99%.

Wall Street Analyst Weigh In

UNP has been the topic of a number of research analyst reports. Evercore reaffirmed an "outperform" rating and set a $294.00 price target on shares of Union Pacific in a report on Thursday, June 25th. The Goldman Sachs Group set a $317.00 price objective on Union Pacific and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Erste Group Bank assumed coverage on Union Pacific in a research report on Thursday, August 27th. They issued a "buy" rating for the company. Benchmark upped their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research note on Friday, July 24th. Finally, Susquehanna raised their price target on shares of Union Pacific from $305.00 to $333.00 and gave the company a "positive" rating in a report on Tuesday, July 14th. Two equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Company Profile

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source