Main Street Group LTD Lowers Position in Union Pacific Corporation $UNP

Main Street Group LTD cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 16.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 265 shares of the railroad operator’s stock after selling 54 shares during the period. Main Street Group LTD’s holdings in Union Pacific were worth $61,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. LGT Group Foundation grew its position in Union Pacific by 9.7% during the first quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock valued at $1,275,000 after acquiring an additional 477 shares during the period. Nuveen LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth about $988,822,000. SlateStone Wealth LLC grew its holdings in shares of Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC grew its holdings in shares of Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after purchasing an additional 359 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.9%

NYSE UNP opened at $227.78 on Wednesday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company has a market capitalization of $135.09 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.19 and a beta of 1.03. The company’s fifty day moving average price is $222.44 and its two-hundred day moving average price is $224.72.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating 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 firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the firm posted $2.74 EPS. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed 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 represents a $5.52 annualized dividend and a yield of 2.4%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is 47.96%.

Wall Street Analyst Weigh In

UNP has been the subject of several research reports. Raymond James Financial reiterated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. BMO Capital Markets upped their price target on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Royal Bank Of Canada upped their target price on Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Baird R W raised Union Pacific to a “hold” rating in a research report on Tuesday, July 1st. Finally, Susquehanna decreased their price target on Union Pacific from $260.00 to $257.00 and set a “positive” rating for the company in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and an average target price of $259.38.

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.