Flputnam Investment Management Co. Sells 1,922 Shares of Union Pacific Corporation $UNP

Flputnam Investment Management Co. reduced its position in Union Pacific Corporation (NYSE:UNP) by 1.7% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 114,447 shares of the railroad operator’s stock after selling 1,922 shares during the period. Flputnam Investment Management Co.’s holdings in Union Pacific were worth $31,130,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. TFR Capital LLC. raised its stake in Union Pacific by 3.8% in the second quarter. TFR Capital LLC. now owns 979 shares of the railroad operator’s stock valued at $266,000 after buying an additional 36 shares during the period. Key Financial Inc lifted its position in shares of Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator’s stock valued at $442,000 after buying an additional 38 shares during the last quarter. Members Trust Co boosted its stake in shares of Union Pacific by 2.5% during the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator’s stock worth $382,000 after acquiring an additional 38 shares during the period. EJMK Ventures LLC boosted its stake in shares of Union Pacific by 4.0% during the 1st quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares during the period. Finally, PDS Planning Inc increased its holdings in shares of Union Pacific by 0.7% during the 2nd quarter. PDS Planning Inc now owns 5,469 shares of the railroad operator’s stock worth $1,488,000 after acquiring an additional 39 shares during the last quarter. Institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on 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 sale, the executive vice president owned 43,012 shares of the company’s stock, valued at approximately $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price target on Union Pacific from $304.00 to $334.00 and gave the company a “neutral” rating in a research note on Friday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and set a $320.00 price objective (up from $285.00) on shares of Union Pacific in a research report on Friday, July 24th. Wells Fargo & Company reiterated an “overweight” rating and issued a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. Evercore reissued an “outperform” rating and issued a $294.00 price objective on shares of Union Pacific in a research report on Thursday, June 25th. Finally, TD Cowen restated a “buy” rating and set a $325.00 target price (up from $282.00) on shares of Union Pacific in a research note on Friday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $320.89.

Union Pacific Price Performance

Union Pacific stock opened at $299.10 on Wednesday. The company has a market capitalization of $177.69 billion, a price-to-earnings ratio of 24.22, a PEG ratio of 3.00 and a beta of 0.96. The company has a current ratio of 0.99, a quick ratio of 0.82 and a debt-to-equity ratio of 1.40. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $315.99. The stock’s 50 day moving average is $284.18 and its 200-day moving average is $266.34.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share for the quarter, topping the consensus estimate of $3.26 by $0.15. The business had revenue of $6.86 billion during 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 firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period last year, the firm posted $3.03 EPS. Equities research analysts expect that Union Pacific Corporation will post 12.93 EPS for the current 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 given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a yield of 1.9%. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific’s previous quarterly dividend of $1.38. Union Pacific’s dividend payout ratio (DPR) is 44.70%.

Union Pacific Profile

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.