Union Pacific Corporation (UNP) Position Trimmed by Cobiz Wealth LLC
Cobiz Wealth LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 6.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,571 shares of the railroad operator’s stock after selling 596 shares during the quarter. Cobiz Wealth LLC’s holdings in Union Pacific Corporation were worth $933,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of UNP. Advantage Investment Management LLC lifted its stake in Union Pacific Corporation by 263.7% during the first quarter. Advantage Investment Management LLC now owns 953 shares of the railroad operator’s stock worth $101,000 after purchasing an additional 691 shares during the last quarter. Mark Sheptoff Financial Planning LLC lifted its stake in Union Pacific Corporation by 96.3% in the first quarter. Mark Sheptoff Financial Planning LLC now owns 1,021 shares of the railroad operator’s stock valued at $108,000 after buying an additional 501 shares during the last quarter. Proficio Capital Partners LLC lifted its stake in Union Pacific Corporation by 36.3% in the first quarter. Proficio Capital Partners LLC now owns 1,028 shares of the railroad operator’s stock valued at $111,000 after buying an additional 274 shares during the last quarter. SRS Capital Advisors Inc. lifted its stake in Union Pacific Corporation by 147.2% in the first quarter. SRS Capital Advisors Inc. now owns 1,152 shares of the railroad operator’s stock valued at $122,000 after buying an additional 686 shares during the last quarter. Finally, Ullmann Financial Group Inc. purchased a new stake in Union Pacific Corporation in the first quarter valued at approximately $122,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.
A number of brokerages have weighed in on UNP. Robert W. Baird reiterated a “hold” rating and issued a $116.00 price objective on shares of Union Pacific Corporation in a research note on Sunday, September 17th. BMO Capital Markets reiterated a “buy” rating and issued a $123.00 price objective on shares of Union Pacific Corporation in a research note on Friday, September 15th. Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 price objective on shares of Union Pacific Corporation in a research note on Friday, August 25th. Stifel Nicolaus boosted their price objective on Union Pacific Corporation from $118.00 to $120.00 and gave the company a “hold” rating in a research note on Friday, August 18th. Finally, BidaskClub upgraded Union Pacific Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. Union Pacific Corporation currently has an average rating of “Hold” and an average target price of $113.38.
In related news, EVP Cameron A. Scott sold 17,604 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The stock was sold at an average price of $107.60, for a total value of $1,894,190.40. Following the sale, the executive vice president now directly owns 95,470 shares in the company, valued at approximately $10,272,572. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by company insiders.
Shares of Union Pacific Corporation (NYSE UNP) traded down 0.09% on Friday, reaching $115.34. The company had a trading volume of 2,297,582 shares. Union Pacific Corporation has a 12 month low of $87.06 and a 12 month high of $115.57. The company has a market capitalization of $92.32 billion, a price-to-earnings ratio of 20.92 and a beta of 0.81. The stock has a 50 day moving average price of $105.56 and a 200-day moving average price of $107.35.
Union Pacific Corporation (NYSE:UNP) last posted its earnings results on Thursday, July 20th. The railroad operator reported $1.45 EPS for the quarter, beating the consensus estimate of $1.39 by $0.06. Union Pacific Corporation had a return on equity of 22.70% and a net margin of 21.79%. The firm had revenue of $5.25 billion for the quarter, compared to analysts’ expectations of $5.19 billion. During the same period last year, the firm earned $1.17 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. Analysts forecast that Union Pacific Corporation will post $5.79 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Thursday, August 31st will be given a $0.605 dividend. This represents a $2.42 annualized dividend and a yield of 2.10%. The ex-dividend date of this dividend is Tuesday, August 29th. Union Pacific Corporation’s dividend payout ratio is currently 43.84%.
About Union Pacific Corporation
Union Pacific Corporation is a railroad operating company in the United States. The Company operates through its principal operating company, Union Pacific Railroad Company (UPRR). Its business mix includes Agricultural Products, Automotive, Chemicals, Coal, Industrial Products and Intermodal. Its freight traffic consists of bulk, manifest, and premium business.
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