Cooper Financial Group Sells 1,985 Shares of Union Pacific Corporation $UNP

Key Points

• Cooper Financial Group has reduced its holdings in Union Pacific Corporation by 68.0%, selling 1,985 shares during the second quarter.
• Union Pacific announced a quarterly dividend increase to $1.38 per share, resulting in an annualized dividend of $5.52 and a yield of 2.4%.
• The company reported earnings of $3.03 per share for the latest quarter, beating analysts' expectations and showing a 2.4% year-over-year revenue growth.

Cooper Financial Group lowered its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 68.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 936 shares of the railroad operator's stock after selling 1,985 shares during the quarter. Cooper Financial Group's holdings in Union Pacific were worth $215,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Triangle Securities Wealth Management grew its position in Union Pacific by 5.8% in the first quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator's stock valued at $589,000 after purchasing an additional 136 shares in the last quarter. Apella Capital LLC raised its position in shares of Union Pacific by 714.2% in the first quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator's stock valued at $2,144,000 after purchasing an additional 8,413 shares during the period. Lifestyle Asset Management Inc. acquired a new stake in shares of Union Pacific during the 1st quarter worth about $200,000. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Union Pacific by 28.8% during the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,672 shares of the railroad operator's stock worth $2,049,000 after buying an additional 1,940 shares during the last quarter. Finally, Chatham Capital Group Inc. lifted its stake in shares of Union Pacific by 0.6% during the 1st quarter. Chatham Capital Group Inc. now owns 15,863 shares of the railroad operator's stock worth $3,747,000 after buying an additional 100 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP stock opened at $234.65 on Friday. The firm has a 50-day moving average of $223.43 and a 200-day moving average of $224.59. The company has a market cap of $139.16 billion, a P/E ratio of 20.39, a P/E/G ratio of 2.45 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84.

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

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a $1.38 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific's payout ratio is presently 47.96%.

Analysts Set New Price Targets

Several equities analysts recently commented on UNP shares. Barclays downgraded shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Morgan Stanley decreased 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 report on Monday, July 7th. UBS Group lifted their target price on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Citigroup upgraded shares of Union Pacific from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $250.00 to $251.00 in a research report on Monday, September 15th. Finally, Susquehanna restated a "positive" rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus target price of $260.00.

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.

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