Sand Hill Global Advisors LLC Sells 134 Shares of Union Pacific Co. (NYSE:UNP)

Sand Hill Global Advisors LLC decreased its holdings in Union Pacific Co. (NYSE:UNP) by 4.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,664 shares of the railroad operator’s stock after selling 134 shares during the period. Sand Hill Global Advisors LLC’s holdings in Union Pacific were worth $536,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNP. Viawealth LLC bought a new position in Union Pacific in the first quarter valued at about $305,000. Veritable L.P. grew its position in Union Pacific by 2.0% in the first quarter. Veritable L.P. now owns 30,094 shares of the railroad operator’s stock valued at $6,057,000 after acquiring an additional 603 shares during the last quarter. Renaissance Technologies LLC grew its position in Union Pacific by 31.7% in the first quarter. Renaissance Technologies LLC now owns 934,731 shares of the railroad operator’s stock valued at $188,124,000 after acquiring an additional 224,972 shares during the last quarter. Prospera Financial Services Inc grew its position in Union Pacific by 16.1% in the first quarter. Prospera Financial Services Inc now owns 15,966 shares of the railroad operator’s stock valued at $3,218,000 after acquiring an additional 2,210 shares during the last quarter. Finally, 1832 Asset Management L.P. grew its position in Union Pacific by 23.0% in the first quarter. 1832 Asset Management L.P. now owns 1,008,040 shares of the railroad operator’s stock valued at $202,878,000 after acquiring an additional 188,800 shares during the last quarter. Institutional investors and hedge funds own 77.36% of the company’s stock.

Union Pacific Trading Up 0.6 %

Shares of Union Pacific stock opened at $211.80 on Friday. The company has a debt-to-equity ratio of 2.39, a quick ratio of 0.57 and a current ratio of 0.71. Union Pacific Co. has a 52 week low of $183.69 and a 52 week high of $240.48. The stock has a 50 day moving average price of $219.98 and a two-hundred day moving average price of $205.97. The stock has a market capitalization of $129.08 billion, a PE ratio of 19.32, a price-to-earnings-growth ratio of 2.01 and a beta of 1.11.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Wednesday, July 26th. The railroad operator reported $2.57 EPS for the quarter, missing analysts’ consensus estimates of $2.75 by ($0.18). Union Pacific had a net margin of 27.18% and a return on equity of 55.03%. The firm had revenue of $5.96 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the business posted $2.93 EPS. The company’s revenue was down 4.9% on a year-over-year basis. As a group, equities analysts anticipate that Union Pacific Co. will post 10.5 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The business 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 dividend of $1.30 per share. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $5.20 annualized dividend and a dividend yield of 2.46%. Union Pacific’s payout ratio is 47.45%.

Insider Activity at Union Pacific

In related news, EVP Kenyatta G. Rocker sold 8,700 shares of Union Pacific stock in a transaction that occurred on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total transaction of $1,935,141.00. Following the transaction, the executive vice president now owns 42,061 shares of the company’s stock, valued at $9,355,628.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Union Pacific news, CFO Jennifer L. Hamann sold 1,000 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.83, for a total value of $222,830.00. Following the transaction, the chief financial officer now owns 99,378 shares of the company’s stock, valued at $22,144,399.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kenyatta G. Rocker sold 8,700 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $222.43, for a total value of $1,935,141.00. Following the completion of the transaction, the executive vice president now directly owns 42,061 shares in the company, valued at approximately $9,355,628.23. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on UNP shares. Atlantic Securities cut Union Pacific from an “overweight” rating to a “neutral” rating and set a $244.00 price target on the stock. in a report on Thursday, July 27th. Stephens raised their price objective on shares of Union Pacific from $232.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, July 27th. Susquehanna raised their price objective on shares of Union Pacific from $230.00 to $240.00 in a report on Thursday, July 27th. Wells Fargo & Company raised their price objective on shares of Union Pacific from $200.00 to $245.00 in a report on Thursday, July 27th. Finally, StockNews.com assumed coverage on Union Pacific in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Twelve equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $233.97.

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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.