Union Pacific Corporation $UNP Shares Sold by Prime Capital Investment Advisors LLC

Key Points

• Prime Capital Investment Advisors LLC sold 36,218 shares of Union Pacific Corporation, decreasing its position by 40.6% during the 2nd quarter, leaving them with 53,052 shares valued at $12.2 million.
• Analysts have mixed views on Union Pacific, with one analyst rating it as a Strong Buy, while others rate it from Buy to Hold, indicating a range of sentiments towards the stock's performance.
• Union Pacific recently declared a quarterly dividend of $1.38 per share, representing a 2.3% yield, which is an increase from the previous dividend of $1.34 per share.

Prime Capital Investment Advisors LLC decreased its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 40.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 53,052 shares of the railroad operator's stock after selling 36,218 shares during the period. Prime Capital Investment Advisors LLC's holdings in Union Pacific were worth $12,206,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several equities research analysts have recently commented on UNP shares. UBS Group set a $253.00 price target on Union Pacific and gave the stock a "neutral" rating in a research note on Friday. Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Royal Bank Of Canada raised their target price on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Finally, Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and upped their price target for the company from $250.00 to $251.00 in a report on Monday, September 15th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $260.54.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $236.60 on Monday. The business has a fifty day simple moving average of $223.67 and a 200-day simple moving average of $224.44. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company has a market cap of $140.33 billion, a P/E ratio of 20.56, a P/E/G ratio of 2.47 and a beta of 1.07. 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 data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the company posted $2.74 EPS. The company's quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific's dividend payout ratio (DPR) is presently 47.96%.

Union Pacific Company 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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