KG&L Capital Management LLC Sells 2,675 Shares of Union Pacific Corporation $UNP

Key Points

• KG&L Capital Management LLC reduced its stake in Union Pacific Corporation (NYSE:UNP) by 19.9%, selling 2,675 shares during the second quarter, leaving them with 10,768 shares valued at approximately $2.48 million.
• Union Pacific recently reported quarterly earnings of $3.03 per share, exceeding analysts' estimates by $0.19, with revenue of $6.15 billion up 2.4% year-over-year.
• The company declared a quarterly dividend increase to $1.38 from its previous $1.34, representing an annual yield of 2.3% and a payout ratio of 47.96%.

KG&L Capital Management LLC decreased its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 19.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,768 shares of the railroad operator's stock after selling 2,675 shares during the quarter. KG&L Capital Management LLC's holdings in Union Pacific were worth $2,477,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of UNP. Highline Wealth Partners LLC boosted its position in shares of Union Pacific by 103.5% during the first 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. CBIZ Investment Advisory Services LLC boosted its position in shares of Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after buying an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. purchased a new position in shares of Union Pacific during the first quarter valued at approximately $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific during the first quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC boosted its position in shares of Union Pacific by 50.5% during the first 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. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Up 1.4%

UNP opened at $235.14 on Friday. The business has a 50 day moving average of $222.73 and a 200-day moving average of $224.54. The stock has a market cap of $139.45 billion, a PE ratio of 20.43, a PEG ratio of 2.45 and a beta of 1.03. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

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

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a $1.38 dividend. This is an increase from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Analyst Ratings Changes

Several research firms have weighed in on UNP. Wells Fargo & Company boosted their price objective on Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. UBS Group boosted their price objective on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Finally, Barclays lowered Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific has a consensus rating of "Moderate Buy" and an average price target of $260.00.

Union Pacific 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.

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