Union Pacific Corporation $UNP Shares Sold by Pallas Capital Advisors LLC

Pallas Capital Advisors LLC cut its holdings in Union Pacific Corporation (NYSE:UNP) by 39.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,225 shares of the railroad operator’s stock after selling 805 shares during the period. Pallas Capital Advisors LLC’s holdings in Union Pacific were worth $282,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Highline Wealth Partners LLC boosted its holdings in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after buying an additional 59 shares during the period. CBIZ Investment Advisory Services LLC grew its position in Union Pacific by 1,400.0% in the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific in the 1st quarter worth about $32,000. WPG Advisers LLC bought a new position in Union Pacific in the 1st quarter worth about $33,000. Finally, Cornerstone Planning Group LLC grew its position in Union Pacific by 50.5% in the 1st 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 owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on UNP shares. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Baird R W upgraded shares of Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Susquehanna decreased their target price on shares of Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a research report on Wednesday, July 30th. The Goldman Sachs Group restated a “neutral” rating and issued a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Finally, Jefferies Financial Group upgraded shares of Union Pacific from a “hold” rating to a “buy” rating and upped their target price for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific presently has an average rating of “Moderate Buy” and an average target price of $259.38.

Union Pacific Trading Up 0.2%

Shares of NYSE:UNP opened at $220.86 on Monday. The company has a 50 day moving average of $222.66 and a 200-day moving average of $224.87. The firm has a market cap of $130.98 billion, a P/E ratio of 19.19, a P/E/G ratio of 2.14 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $2.74 EPS. The business’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm 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 dividend of $1.38 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

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.