Guyasuta Investment Advisors Inc. lessened its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 11,199 shares of the railroad operator’s stock after selling 200 shares during the period. Guyasuta Investment Advisors Inc.’s holdings in Union Pacific were worth $1,894,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in UNP. Camarda Financial Advisors LLC grew its holdings in 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 purchasing an additional 128 shares during the period. Squar Milner Financial Services LLC boosted its stake in shares of Union Pacific by 368.6% in the first quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 129 shares during the period. Mackey Komara & Dankovich LLC bought a new position in shares of Union Pacific in the first quarter worth about $29,000. Joseph P. Lucia & Associates LLC bought a new position in shares of Union Pacific in the first quarter worth about $30,000. Finally, Manchester Financial Inc. bought a new position in shares of Union Pacific in the second quarter worth about $39,000. 78.28% of the stock is owned by institutional investors and hedge funds.
In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 9.96% of the stock is currently owned by insiders.
Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. The company had revenue of $5.60 billion for the quarter, compared to the consensus estimate of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The firm’s revenue for the quarter was down 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.98 earnings per share. Analysts predict that Union Pacific Co. will post 8.98 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a $0.97 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s payout ratio is currently 44.50%.
A number of equities analysts have recently weighed in on the company. Goldman Sachs Group assumed coverage on Union Pacific in a research note on Wednesday, July 10th. They issued a “buy” rating and a $198.00 price objective for the company. Zacks Investment Research raised Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price objective for the company in a research note on Monday, July 22nd. UBS Group set a $201.00 price objective on Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $190.00 to $170.00 in a research note on Thursday, June 13th. Finally, Raymond James set a $197.00 price objective on Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $182.62.
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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