Howard Capital Management Sells 202 Shares of Union Pacific Co. (NYSE:UNP)

Howard Capital Management cut its position in Union Pacific Co. (NYSE:UNP) by 2.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,025 shares of the railroad operator’s stock after selling 202 shares during the quarter. Howard Capital Management’s holdings in Union Pacific were worth $1,695,000 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. Camarda Financial Advisors LLC increased its holdings in shares of Union Pacific by 673.7% during the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after acquiring an additional 128 shares in the last quarter. Squar Milner Financial Services LLC increased its holdings in Union Pacific by 368.6% in the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after buying an additional 129 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in Union Pacific in the 1st quarter worth approximately $29,000. Joseph P. Lucia & Associates LLC acquired a new position in Union Pacific in the 1st quarter worth approximately $30,000. Finally, Manchester Financial Inc. acquired a new position in Union Pacific in the 2nd quarter worth approximately $39,000. Institutional investors and hedge funds own 79.30% of the company’s stock.

In other Union Pacific news, Director William J. Delaney III bought 5,000 shares of the firm’s stock in a transaction dated Monday, May 20th. The shares were purchased at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the transaction, the director now directly owns 5,000 shares of the company’s stock, valued at approximately $870,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the transaction, the executive vice president now owns 94,943 shares in the company, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. Company insiders own 9.96% of the company’s stock.

Several equities analysts recently weighed in on the stock. Goldman Sachs Group assumed coverage on shares of Union Pacific in a report on Wednesday, July 10th. They issued a “buy” rating and a $198.00 price target on the stock. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $190.00 to $170.00 in a report on Thursday, June 13th. Deutsche Bank increased their price target on shares of Union Pacific from $197.00 to $206.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Loop Capital increased their price target on shares of Union Pacific to $191.00 in a report on Friday, July 19th. Finally, BMO Capital Markets increased their price target on shares of Union Pacific to $190.00 and gave the stock an “outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $182.62.

Shares of NYSE:UNP opened at $173.52 on Friday. Union Pacific Co. has a 1 year low of $128.08 and a 1 year high of $180.54. The stock has a market cap of $126.78 billion, a price-to-earnings ratio of 21.94, a price-to-earnings-growth ratio of 2.01 and a beta of 1.04. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. The company’s 50 day simple moving average is $171.19.

Union Pacific (NYSE:UNP) last announced its earnings results on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm had revenue of $5.60 billion for the quarter, compared to analyst estimates of $5.62 billion. During the same quarter last year, the firm posted $1.98 EPS. The business’s revenue was down 1.3% on a year-over-year basis. As a group, analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $0.97 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.24%. Union Pacific’s dividend payout ratio (DPR) is 44.50%.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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