Folger Nolan Fleming Douglas Capital Management Inc. Decreases Stake in Union Pacific Co. (NYSE:UNP)

Folger Nolan Fleming Douglas Capital Management Inc. lessened its stake in Union Pacific Co. (NYSE:UNPGet Rating) by 0.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 31,921 shares of the railroad operator’s stock after selling 84 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Union Pacific were worth $6,808,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Orion Capital Management LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at about $25,000. Aspire Private Capital LLC raised its stake in Union Pacific by 92.3% during the first quarter. Aspire Private Capital LLC now owns 100 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 48 shares during the period. Dravo Bay LLC acquired a new stake in Union Pacific during the first quarter worth about $29,000. Delos Wealth Advisors LLC acquired a new stake in Union Pacific during the fourth quarter worth about $30,000. Finally, Cyrus J. Lawrence LLC acquired a new stake in Union Pacific during the first quarter worth about $34,000. Institutional investors and hedge funds own 77.89% of the company’s stock.

Union Pacific Trading Down 2.9 %

Union Pacific stock traded down $5.98 during midday trading on Friday, reaching $203.19. The stock had a trading volume of 72,289 shares, compared to its average volume of 2,742,937. The firm’s fifty day simple moving average is $226.03 and its two-hundred day simple moving average is $230.71. Union Pacific Co. has a twelve month low of $195.93 and a twelve month high of $278.94. The company has a debt-to-equity ratio of 2.33, a current ratio of 0.66 and a quick ratio of 0.53. The firm has a market cap of $126.89 billion, a price-to-earnings ratio of 19.21, a PEG ratio of 1.83 and a beta of 1.14.

Union Pacific (NYSE:UNPGet Rating) last posted its quarterly earnings data on Thursday, July 21st. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The firm had revenue of $6.27 billion during the quarter, compared to analyst estimates of $6.11 billion. During the same quarter last year, the business posted $2.72 EPS. The company’s revenue was up 13.9% on a year-over-year basis. Equities analysts anticipate that Union Pacific Co. will post 11.55 EPS for the current fiscal year.

Union Pacific Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a $1.30 dividend. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $5.20 dividend on an annualized basis and a yield of 2.56%. Union Pacific’s payout ratio is 48.46%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Evercore ISI dropped their price objective on shares of Union Pacific from $245.00 to $236.00 and set an “in-line” rating on the stock in a research note on Tuesday, July 12th. Daiwa Capital Markets lowered shares of Union Pacific from an “outperform” rating to a “neutral” rating and raised their price target for the company from $235.00 to $242.00 in a research note on Friday, August 26th. They noted that the move was a valuation call. Bank of America upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $260.00 price target on the stock in a research note on Monday, September 12th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Union Pacific from $260.00 to $232.00 in a research note on Friday, July 22nd. Finally, Sanford C. Bernstein lowered shares of Union Pacific from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $234.00 to $230.00 in a research note on Wednesday, September 14th. Twelve analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $247.22.

About Union Pacific

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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.

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

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