Neo Ivy Capital Management Sells 6,085 Shares of Union Pacific Corporation $UNP

Neo Ivy Capital Management reduced its stake in Union Pacific Corporation (NYSE:UNP) by 68.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,777 shares of the railroad operator’s stock after selling 6,085 shares during the period. Neo Ivy Capital Management’s holdings in Union Pacific were worth $639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNP. CBIZ Investment Advisory Services LLC increased 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 buying an additional 112 shares during the period. Financial Gravity Companies Inc. purchased a new stake in Union Pacific during the 2nd quarter valued at $31,000. Access Investment Management LLC bought a new stake in Union Pacific in the 2nd quarter worth $32,000. WPG Advisers LLC purchased a new position in shares of Union Pacific in the first quarter valued at about $33,000. Finally, GFG Capital LLC purchased a new position in shares of Union Pacific in the second quarter valued at about $38,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Cowen reissued a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. UBS Group set a $253.00 price objective on Union Pacific and gave the stock a “neutral” rating in a report on Friday, October 3rd. Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and lifted their price objective for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Citigroup upped their target price on Union Pacific from $263.00 to $265.00 and gave the company a “buy” rating in a report on Friday, October 24th. Finally, TD Cowen dropped their price target on Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a research note on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $261.63.

Union Pacific Price Performance

UNP opened at $226.36 on Friday. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. The company has a market cap of $134.27 billion, a price-to-earnings ratio of 19.23, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The stock has a fifty day simple moving average of $224.83 and a two-hundred day simple moving average of $224.81. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, beating analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.75 EPS. Research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Friday, December 5th. Union Pacific’s dividend payout ratio is 46.90%.

About Union Pacific

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.