Union Pacific Corporation $UNP Shares Sold by Wilkinson Global Asset Management LLC

Wilkinson Global Asset Management LLC trimmed its position in Union Pacific Corporation (NYSE:UNP) by 26.1% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 178,265 shares of the railroad operator’s stock after selling 63,020 shares during the quarter. Union Pacific accounts for approximately 3.9% of Wilkinson Global Asset Management LLC’s portfolio, making the stock its 13th largest holding. Wilkinson Global Asset Management LLC’s holdings in Union Pacific were worth $48,488,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific during the 4th quarter worth about $25,000. Tucker Asset Management LLC purchased a new position in Union Pacific in the fourth quarter valued at approximately $25,000. SWAN Capital LLC raised its holdings in Union Pacific by 2,575.0% in the fourth quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after buying an additional 103 shares during the period. High Point Wealth Management LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $26,000. Finally, Cornerstone Financial Management LLC acquired a new position in Union Pacific during the fourth quarter valued at approximately $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Down 0.3%

UNP opened at $299.10 on Wednesday. The firm has a market capitalization of $177.69 billion, a P/E ratio of 24.22, a P/E/G ratio of 3.00 and a beta of 0.96. The firm’s 50 day moving average is $284.18 and its 200-day moving average is $266.34. Union Pacific Corporation has a 52-week low of $210.84 and a 52-week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, topping analysts’ consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $3.03 earnings per share. Analysts expect that Union Pacific Corporation will post 12.93 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be issued a $1.42 dividend. The ex-dividend date is Monday, August 31st. This represents a $5.68 dividend on an annualized basis and a yield of 1.9%. This is an increase from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is presently 44.70%.

Insider Buying and Selling

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the company’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total value of $789,504.36. Following the completion of the transaction, the executive vice president directly owned 43,012 shares of the company’s stock, valued at $11,353,447.52. This represents a 6.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UNP has been the subject of several recent research reports. Weiss Ratings raised shares of Union Pacific from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 24th. Susquehanna lifted their target price on shares of Union Pacific from $305.00 to $333.00 and gave the company a “positive” rating in a report on Tuesday, July 14th. TD Cowen reaffirmed a “buy” rating and set a $325.00 price target (up from $282.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group reiterated a “neutral” rating and issued a $310.00 price target (up from $286.00) on shares of Union Pacific in a report on Friday, July 24th. Finally, JPMorgan Chase & Co. raised their price objective on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research report on Friday, July 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $320.89.

About Union Pacific

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.