Procyon Advisors LLC Decreases Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Procyon Advisors LLC has significantly reduced its holdings in Union Pacific Corporation by 76.9%, now owning only 5,814 shares valued at $1,338,000.
• Union Pacific has been receiving mixed ratings from analysts, with a consensus rating of "Moderate Buy" and a current average price target of $259.38.
• The company recently announced a dividend increase, now paying $1.38 per share, which translates to an annual yield of 2.5%.

Procyon Advisors LLC decreased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 76.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,814 shares of the railroad operator's stock after selling 19,318 shares during the quarter. Procyon Advisors LLC's holdings in Union Pacific were worth $1,338,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC raised 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 worth $27,000 after purchasing an additional 59 shares during the period. CBIZ Investment Advisory Services LLC raised 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 worth $28,000 after purchasing an additional 112 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific during the first quarter worth about $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific during the first quarter worth about $33,000. Finally, Cornerstone Planning Group LLC raised 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 worth $37,000 after purchasing an additional 56 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UNP shares. Evercore ISI decreased their price objective on Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a report on Friday, July 25th. The Goldman Sachs Group reiterated a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. UBS Group raised their price target on Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Susquehanna decreased their price target on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. Finally, Sanford C. Bernstein lifted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific has an average rating of "Moderate Buy" and a consensus price target of $259.38.

Union Pacific Stock Up 0.2%

NYSE:UNP traded up $0.50 on Friday, hitting $220.86. The stock had a trading volume of 8,631,770 shares, compared to its average volume of 4,396,240. The business's fifty day moving average is $222.66 and its 200 day moving average is $225.01. The company has a market cap of $130.98 billion, a PE ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.03. 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 Corporation has a 52 week low of $204.66 and a 52 week high of $256.84.

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

Union Pacific Increases Dividend

The business also recently disclosed 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 represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

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.