Union Pacific Corporation $UNP Shares Sold by Abacus Planning Group Inc.

Abacus Planning Group Inc. lowered its position in Union Pacific Corporation (NYSE:UNP) by 0.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 84,897 shares of the railroad operator’s stock after selling 71 shares during the quarter. Union Pacific accounts for about 2.1% of Abacus Planning Group Inc.’s investment portfolio, making the stock its 11th biggest position. Abacus Planning Group Inc.’s holdings in Union Pacific were worth $19,533,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Hilltop National Bank acquired a new stake in shares of Union Pacific in the second quarter valued at approximately $729,000. Triad Wealth Partners LLC increased its stake in shares of Union Pacific by 16.2% in the second quarter. Triad Wealth Partners LLC now owns 1,748 shares of the railroad operator’s stock valued at $402,000 after purchasing an additional 244 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Union Pacific by 10.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 74,179 shares of the railroad operator’s stock valued at $17,067,000 after purchasing an additional 7,056 shares during the period. Jmac Enterprises LLC increased its stake in shares of Union Pacific by 54.2% in the second quarter. Jmac Enterprises LLC now owns 2,561 shares of the railroad operator’s stock valued at $589,000 after purchasing an additional 900 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in shares of Union Pacific by 14.1% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 3,611 shares of the railroad operator’s stock valued at $831,000 after purchasing an additional 447 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on UNP shares. Evercore ISI dropped their price target on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Morgan Stanley dropped their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Raymond James Financial restated a “strong-buy” rating on shares of Union Pacific in a research note on Tuesday, July 15th. Sanford C. Bernstein increased their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Finally, Citigroup upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and increased their price objective for the company from $250.00 to $251.00 in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $260.00.

Union Pacific Trading Down 0.0%

Union Pacific stock opened at $234.65 on Friday. The firm has a 50 day simple moving average of $223.43 and a 200-day simple moving average of $224.59. 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 stock has a market capitalization of $139.16 billion, a PE ratio of 20.39, a price-to-earnings-growth ratio of 2.45 and a beta of 1.07. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $2.74 earnings per share. As a group, equities research analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were issued a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a yield of 2.4%. Union Pacific’s payout ratio is 47.96%.

Union Pacific 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.