Peddock Capital Advisors LLC Sells 121 Shares of Union Pacific Corporation $UNP

Peddock Capital Advisors LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 5,962 shares of the railroad operator’s stock after selling 121 shares during the quarter. Peddock Capital Advisors LLC’s holdings in Union Pacific were worth $1,372,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Nuveen LLC acquired a new position in Union Pacific in the first quarter valued at about $988,822,000. GAMMA Investing LLC lifted its position in shares of Union Pacific by 27,502.8% during the first quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator’s stock worth $588,510,000 after purchasing an additional 2,482,126 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Union Pacific by 29.8% during the first quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock worth $873,878,000 after purchasing an additional 850,025 shares in the last quarter. Auto Owners Insurance Co lifted its position in shares of Union Pacific by 61,054.6% during the first quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock worth $147,650,000 after purchasing an additional 623,978 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Union Pacific during the fourth quarter worth approximately $127,825,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Up 0.9%

Union Pacific stock opened at $227.78 on Wednesday. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a 50 day moving average of $222.44 and a 200-day moving average of $224.72. The stock has a market capitalization of $135.09 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 2.19 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 (NYSE:UNP) last announced its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the prior year, the company posted $2.74 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s payout ratio is 47.96%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. BMO Capital Markets boosted their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Sanford C. Bernstein boosted their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research note on Monday, July 21st. 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 price target for the company. Finally, UBS Group boosted their price target on shares of Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average price target of $259.38.

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.