Union Pacific Corporation $UNP Shares Sold by Hendley & Co. Inc.

Hendley & Co. Inc. decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 37,677 shares of the railroad operator’s stock after selling 675 shares during the quarter. Union Pacific comprises 3.0% of Hendley & Co. Inc.’s holdings, making the stock its 10th largest holding. Hendley & Co. Inc.’s holdings in Union Pacific were worth $8,669,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Portside Wealth Group LLC purchased a new position in shares of Union Pacific during the first quarter worth $912,000. City Holding Co. boosted its position in shares of Union Pacific by 8.3% during the first quarter. City Holding Co. now owns 1,525 shares of the railroad operator’s stock worth $360,000 after buying an additional 117 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Union Pacific by 22.7% during the first quarter. Farther Finance Advisors LLC now owns 6,238 shares of the railroad operator’s stock worth $1,480,000 after buying an additional 1,154 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Union Pacific by 22.1% during the first quarter. Pallas Capital Advisors LLC now owns 2,030 shares of the railroad operator’s stock worth $480,000 after buying an additional 368 shares during the period. Finally, Tounjian Advisory Partners LLC purchased a new position in shares of Union Pacific during the first quarter worth $299,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent research reports. Robert W. Baird initiated coverage on Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price for the company. UBS Group set a $253.00 target price on Union Pacific and gave the company a “neutral” rating in a report on Friday. Baird R W upgraded Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Wells Fargo & Company lifted their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. Finally, BMO Capital Markets lifted their target price on Union Pacific from $270.00 to $277.00 and gave the company an “outperform” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Stock Down 2.2%

UNP opened at $232.11 on Wednesday. The business’s 50-day simple moving average is $223.99 and its 200-day simple moving average is $224.51. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The stock has a market capitalization of $137.67 billion, a P/E ratio of 20.17, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to analysts’ expectations of $6.09 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. Analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders 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 dividend yield of 2.4%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific’s payout ratio is presently 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.