RMB Capital Management LLC Reduces Holdings in Union Pacific Co. (NYSE:UNP)

RMB Capital Management LLC decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 7.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 81,185 shares of the railroad operator’s stock after selling 6,485 shares during the quarter. RMB Capital Management LLC’s holdings in Union Pacific were worth $13,730,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of the business. Geode Capital Management LLC boosted its position in shares of Union Pacific by 7.7% during the fourth quarter. Geode Capital Management LLC now owns 9,640,019 shares of the railroad operator’s stock worth $1,330,401,000 after buying an additional 688,775 shares during the period. Blue Chip Partners Inc. boosted its position in shares of Union Pacific by 1.6% during the first quarter. Blue Chip Partners Inc. now owns 9,476 shares of the railroad operator’s stock worth $1,584,000 after buying an additional 153 shares during the period. Advisor Partners LLC raised its stake in shares of Union Pacific by 2.0% in the first quarter. Advisor Partners LLC now owns 23,789 shares of the railroad operator’s stock valued at $3,977,000 after acquiring an additional 466 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Union Pacific by 5.0% in the first quarter. Lindbrook Capital LLC now owns 1,815 shares of the railroad operator’s stock valued at $303,000 after acquiring an additional 86 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Union Pacific in the first quarter valued at $4,894,000. 78.35% of the stock is currently owned by institutional investors.

UNP has been the topic of several analyst reports. ValuEngine cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Loop Capital increased their price objective on Union Pacific to $191.00 in a research note on Friday, July 19th. Barclays cut Union Pacific from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. Morgan Stanley set a $140.00 price objective on Union Pacific and gave the company a “sell” rating in a research note on Friday, July 19th. Finally, Bank of America increased their price objective on Union Pacific from $179.00 to $185.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company. Union Pacific has an average rating of “Buy” and a consensus price target of $183.62.

In other Union Pacific news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at $17,093,537.72. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 9.96% of the company’s stock.

Union Pacific stock traded up $3.89 during midday trading on Friday, reaching $171.60. The company’s stock had a trading volume of 140,611 shares, compared to its average volume of 3,086,802. Union Pacific Co. has a fifty-two week low of $128.08 and a fifty-two week high of $180.54. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company has a market cap of $118.06 billion, a P/E ratio of 21.68, a P/E/G ratio of 1.87 and a beta of 1.06. The business has a 50-day simple moving average of $167.15 and a 200-day simple moving average of $169.40.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period last year, the firm earned $1.98 earnings per share. Union Pacific’s quarterly revenue was down 1.3% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Co. will post 8.95 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.97 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.26%. Union Pacific’s dividend payout ratio (DPR) is presently 49.05%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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