Skylands Capital LLC Sells 1,750 Shares of Union Pacific Corporation $UNP

Skylands Capital LLC reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 0.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 203,220 shares of the railroad operator’s stock after selling 1,750 shares during the period. Union Pacific comprises 7.2% of Skylands Capital LLC’s investment portfolio, making the stock its biggest position. Skylands Capital LLC’s holdings in Union Pacific were worth $55,302,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Kings Path Partners LLC bought a new position in shares of Union Pacific in the third quarter worth $40,000. Sowell Financial Services LLC increased its stake in Union Pacific by 9.4% in the 3rd quarter. Sowell Financial Services LLC now owns 7,847 shares of the railroad operator’s stock worth $2,135,000 after acquiring an additional 676 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in shares of Union Pacific by 0.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 26,268 shares of the railroad operator’s stock valued at $7,417,000 after acquiring an additional 117 shares in the last quarter. Capstone Capital Management Ltd raised its holdings in shares of Union Pacific by 19.0% in the 3rd quarter. Capstone Capital Management Ltd now owns 3,556 shares of the railroad operator’s stock valued at $968,000 after acquiring an additional 569 shares in the last quarter. Finally, Benchmark Financial Wealth Advisors LLC raised its holdings in shares of Union Pacific by 11.0% in the 3rd quarter. Benchmark Financial Wealth Advisors LLC now owns 1,761 shares of the railroad operator’s stock valued at $479,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. BMO Capital Markets reiterated a “market perform” rating and set a $320.00 price target (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. UBS Group upgraded shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $310.00 to $339.00 in a research report on Wednesday, September 16th. Benchmark lifted their target price on shares of Union Pacific from $325.00 to $335.00 and gave the company a “buy” rating in a research report on Friday, July 24th. Susquehanna cut their price target on shares of Union Pacific from $345.00 to $333.00 and set a “positive” rating for the company in a research note on Friday, October 2nd. Finally, Royal Bank Of Canada set a $326.00 price target on shares of Union Pacific in a report on Thursday, September 24th. Two research analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $325.00.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $287.85 on Thursday. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $171.01 billion, a PE ratio of 23.31, a price-to-earnings-growth ratio of 2.86 and a beta of 0.95. The business’s 50-day moving average price is $287.41 and its 200-day moving average price is $277.80. Union Pacific Corporation has a 12 month low of $215.53 and a 12 month high of $315.99.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 23rd. The railroad operator reported $3.41 EPS for the quarter, beating the consensus estimate of $3.26 by $0.15. The company had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the firm earned $3.03 EPS. Sell-side analysts forecast that Union Pacific Corporation will post 13.05 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st were given a dividend of $1.42 per share. The ex-dividend date was Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a yield of 2.0%. Union Pacific’s dividend payout ratio (DPR) is currently 45.99%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is a transportation company that operates one of the largest freight railroad networks in the United States. Through its Union Pacific Railroad subsidiary, the company moves goods across the western two-thirds of the country, connecting major agricultural, industrial, energy, population and port markets.

Union Pacific transports a broad range of commodities and products, including agricultural goods, automotive shipments, chemicals, coal, industrial products, forest products and intermodal containers.