Klingman & Associates LLC Sells 449 Shares of Union Pacific Corporation (NYSE:UNP)

Klingman & Associates LLC reduced its position in shares of Union Pacific Corporation (NYSE:UNP) by 28.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,144 shares of the railroad operator’s stock after selling 449 shares during the period. Klingman & Associates LLC’s holdings in Union Pacific were worth $270,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in UNP. Ontario Teachers Pension Plan Board bought a new stake in shares of Union Pacific during the fourth quarter worth about $662,000. Regal Investment Advisors LLC grew its holdings in shares of Union Pacific by 23.9% during the fourth quarter. Regal Investment Advisors LLC now owns 2,391 shares of the railroad operator’s stock worth $545,000 after purchasing an additional 461 shares during the last quarter. Evergreen Capital Management LLC grew its holdings in shares of Union Pacific by 1.1% during the fourth quarter. Evergreen Capital Management LLC now owns 9,816 shares of the railroad operator’s stock worth $2,238,000 after purchasing an additional 103 shares during the last quarter. Master S Wealth Management Inc. bought a new stake in shares of Union Pacific during the fourth quarter worth about $333,000. Finally, Wasatch Advisors LP increased its stake in shares of Union Pacific by 5.6% in the fourth quarter. Wasatch Advisors LP now owns 18,922 shares of the railroad operator’s stock valued at $4,315,000 after buying an additional 1,000 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Up 2.0%

Union Pacific stock opened at $223.20 on Thursday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $258.07. The firm has a market capitalization of $132.37 billion, a price-to-earnings ratio of 19.39, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The firm’s fifty day moving average price is $227.09 and its two-hundred day moving average price is $229.99. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, 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 company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is presently 46.57%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Robert W. Baird assumed coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday. The Goldman Sachs Group reissued a “neutral” rating and issued a $263.00 price target on shares of Union Pacific in a research note on Monday, June 2nd. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Finally, Bank of America increased their price target on Union Pacific from $256.00 to $262.00 and gave the company a “buy” rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus target price of $258.21.

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.