Groupama Asset Managment Trims Position in Union Pacific Corporation $UNP

Groupama Asset Managment decreased its position in shares of Union Pacific Corporation (NYSE:UNP) by 11.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 22,833 shares of the railroad operator’s stock after selling 2,991 shares during the quarter. Groupama Asset Managment’s holdings in Union Pacific were worth $5,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the company. Tucker Asset Management LLC acquired a new stake in Union Pacific during the fourth quarter worth about $25,000. SWAN Capital LLC boosted its holdings in Union Pacific by 2,575.0% in the 4th quarter. SWAN Capital LLC now owns 107 shares of the railroad operator’s stock valued at $25,000 after purchasing an additional 103 shares during the last quarter. Rachor Investment Advisory Services LLC purchased a new stake in shares of Union Pacific in the 4th quarter valued at approximately $25,000. High Point Wealth Management LLC purchased a new stake in shares of Union Pacific in the 4th quarter valued at approximately $26,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of Union Pacific during the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on UNP. Wells Fargo & Company reaffirmed an “overweight” rating and set a $335.00 price target (up from $315.00) on shares of Union Pacific in a research report on Friday, July 24th. Stephens upgraded Union Pacific to a “strong-buy” rating in a research report on Wednesday, July 8th. Evercore reissued an “outperform” rating and set a $294.00 target price on shares of Union Pacific in a research note on Thursday, June 25th. Robert W. Baird lifted their target price on Union Pacific from $311.00 to $344.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Union Pacific in a research note on Monday, July 13th. Two investment analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $320.89.

Insider Transactions at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total transaction 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 approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.

Union Pacific Stock Up 0.8%

Union Pacific stock opened at $291.83 on Friday. Union Pacific Corporation has a twelve month low of $210.84 and a twelve month high of $315.99. The stock’s fifty day simple moving average is $277.60 and its 200-day simple moving average is $260.55. 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 $173.37 billion, a P/E ratio of 23.63, a P/E/G ratio of 2.96 and a beta of 0.96.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, beating the consensus estimate 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 return on equity of 38.46% and a net margin of 28.85%.The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm earned $3.03 earnings per share. As a group, equities analysts expect that Union Pacific Corporation will post 12.9 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Monday, August 31st will be given a $1.42 dividend. The ex-dividend date of this dividend 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 is 44.70%.

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.