Mutual of America Capital Management LLC Reduces Stock Position in Union Pacific Corporation (NYSE:UNP)

Mutual of America Capital Management LLC cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 3.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 79,479 shares of the railroad operator’s stock after selling 3,019 shares during the period. Mutual of America Capital Management LLC’s holdings in Union Pacific were worth $18,776,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of UNP. Highline Wealth Partners LLC lifted its stake in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in Union Pacific in the first quarter valued at $32,000. EnRich Financial Partners LLC purchased a new stake in Union Pacific in the 4th quarter valued at approximately $31,000. Strategic Investment Solutions Inc. IL boosted its position in Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator’s stock worth $39,000 after acquiring an additional 45 shares during the last quarter. Finally, Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after purchasing an additional 56 shares during the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UNP shares. UBS Group upped their target price on Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their target price on Union Pacific from $250.00 to $260.00 and gave the stock an “overweight” rating in a report on Friday, July 25th. BMO Capital Markets upped their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the company 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 company an “outperform” rating in a report on Monday, July 21st. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus target price of $258.21.

Union Pacific Stock Performance

UNP stock opened at $225.50 on Thursday. The company has a 50 day moving average price of $227.07 and a 200 day moving average price of $230.66. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The stock has a market capitalization of $133.73 billion, a PE ratio of 19.59, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $258.07.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating 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 company had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the previous year, the business earned $2.74 EPS. The firm’s revenue was up 2.4% on a year-over-year basis. Analysts forecast 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 will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is 46.57%.

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.