Conning Inc. Has $34.84 Million Holdings in Union Pacific Corporation (NYSE:UNP)

Conning Inc. lessened its position in shares of Union Pacific Corporation (NYSE:UNP) by 8.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 147,478 shares of the railroad operator’s stock after selling 13,116 shares during the period. Conning Inc.’s holdings in Union Pacific were worth $34,840,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UNP. Allred Capital Management LLC lifted its stake in shares of Union Pacific by 0.5% during the 4th quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator’s stock valued at $1,904,000 after buying an additional 40 shares in the last quarter. Palogic Value Management L.P. raised its holdings in Union Pacific by 1.5% during the 4th quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator’s stock valued at $644,000 after acquiring an additional 42 shares during the period. Mystic Asset Management Inc. raised its holdings in Union Pacific by 2.0% during the 4th quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator’s stock valued at $527,000 after acquiring an additional 45 shares during the period. Strategic Investment Solutions Inc. IL lifted its position in shares of 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 in the last quarter. Finally, Ironwood Investment Counsel LLC boosted its holdings in shares of Union Pacific by 1.3% in the fourth quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator’s stock worth $789,000 after acquiring an additional 46 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Citigroup upgraded Union Pacific from a “neutral” rating to a “buy” rating and reduced their price target for the company from $260.00 to $244.00 in a research report on Tuesday, April 8th. Argus raised Union Pacific to a “strong-buy” rating in a report on Friday, May 16th. UBS Group lowered their price target on shares of Union Pacific from $255.00 to $245.00 and set a “neutral” rating on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus reduced their price objective on shares of Union Pacific from $270.00 to $248.00 and set a “buy” rating for the company in a research note on Monday, April 14th. Finally, Redburn Atlantic raised shares of Union Pacific from a “neutral” rating to a “buy” rating and set a $259.00 target price on the stock in a report on Wednesday, April 16th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $256.91.

Union Pacific Stock Down 0.3%

UNP opened at $236.45 on Friday. The business’s fifty day simple moving average is $223.53 and its 200 day simple moving average is $230.75. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $258.07. The company has a quick ratio of 0.61, a current ratio of 0.73 and a debt-to-equity ratio of 1.91. The stock has a market cap of $141.27 billion, a PE ratio of 21.30, a P/E/G ratio of 2.38 and a beta of 1.05.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 EPS for the quarter, missing the consensus estimate of $2.73 by ($0.03). The firm had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.76% and a return on equity of 40.80%. Union Pacific’s revenue for the quarter was down .1% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 earnings per share. As a group, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, May 30th were given a dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Friday, May 30th. Union Pacific’s payout ratio is currently 48.29%.

Union Pacific Company Profile

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.