Bartlett & CO. Wealth Management LLC Sells 2,655 Shares of Union Pacific Corporation $UNP

Bartlett & CO. Wealth Management LLC decreased its stake in Union Pacific Corporation (NYSE:UNP) by 2.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,613 shares of the railroad operator’s stock after selling 2,655 shares during the quarter. Bartlett & CO. Wealth Management LLC’s holdings in Union Pacific were worth $30,051,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Merit Financial Group LLC lifted its stake in Union Pacific by 7.4% in the first quarter. Merit Financial Group LLC now owns 25,207 shares of the railroad operator’s stock valued at $5,955,000 after buying an additional 1,732 shares during the period. Capital Asset Advisory Services LLC lifted its stake in Union Pacific by 17.7% in the first quarter. Capital Asset Advisory Services LLC now owns 12,210 shares of the railroad operator’s stock valued at $2,912,000 after buying an additional 1,837 shares during the period. RFG Advisory LLC lifted its stake in Union Pacific by 68.1% in the first quarter. RFG Advisory LLC now owns 11,148 shares of the railroad operator’s stock valued at $2,634,000 after buying an additional 4,518 shares during the period. Whipplewood Advisors LLC lifted its stake in Union Pacific by 4.2% in the first quarter. Whipplewood Advisors LLC now owns 1,865 shares of the railroad operator’s stock valued at $423,000 after buying an additional 75 shares during the period. Finally, Bremer Bank National Association lifted its stake in Union Pacific by 9.7% in the first quarter. Bremer Bank National Association now owns 18,731 shares of the railroad operator’s stock valued at $4,425,000 after buying an additional 1,649 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. UBS Group increased their target price on Union Pacific from $238.00 to $240.00 and gave the company a “neutral” rating in a research note on Friday, July 25th. Susquehanna reaffirmed a “positive” rating and set a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a research report on Thursday, September 25th. Sanford C. Bernstein raised their price target on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Jefferies Financial Group raised Union Pacific from a “hold” rating to a “buy” rating and raised their price target for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $260.00.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $236.40 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84. The stock has a 50 day moving average of $223.07 and a 200-day moving average of $224.54. The company has a market capitalization of $140.19 billion, a P/E ratio of 20.54, a P/E/G ratio of 2.46 and a beta of 1.03.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the company posted $2.74 EPS. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were paid a dividend of $1.38 per share. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is presently 47.96%.

About Union Pacific

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.