Oldfather Financial Services LLC Sells 390 Shares of Union Pacific Corporation $UNP

Oldfather Financial Services LLC trimmed its position in Union Pacific Corporation (NYSE:UNP) by 9.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,819 shares of the railroad operator’s stock after selling 390 shares during the quarter. Oldfather Financial Services LLC’s holdings in Union Pacific were worth $879,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC raised its stake 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 acquiring an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Union Pacific by 1,400.0% in 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 last quarter. Financial Gravity Asset Management Inc. purchased a new position in Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC bought a new position in Union Pacific during the 1st quarter valued at approximately $33,000. Finally, Cornerstone Planning Group LLC lifted its holdings in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after buying an additional 56 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the topic of several research analyst reports. UBS Group boosted their target price on Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and boosted their price objective for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Morgan Stanley dropped their target price on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a research report on Monday, July 7th. Robert W. Baird assumed coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a “neutral” rating and a $231.00 target price on the stock. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and boosted their price target for the company from $250.00 to $251.00 in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $259.38.

Union Pacific Price Performance

Shares of NYSE:UNP opened at $220.43 on Friday. The business has a fifty day moving average price of $222.94 and a 200-day moving average price of $225.28. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $130.72 billion, a PE ratio of 19.15, a PEG ratio of 2.11 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $2.74 EPS. As a group, equities analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s payout ratio is 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.