Capital Advisors Inc. OK Cuts Stake in Union Pacific Corporation $UNP

Capital Advisors Inc. OK lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 19.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,648 shares of the railroad operator’s stock after selling 406 shares during the period. Capital Advisors Inc. OK’s holdings in Union Pacific were worth $379,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the business. Comprehensive Financial Consultants Institutional Inc. boosted its position in Union Pacific by 4.2% during the second quarter. Comprehensive Financial Consultants Institutional Inc. now owns 18,105 shares of the railroad operator’s stock valued at $4,166,000 after buying an additional 727 shares during the period. Belpointe Asset Management LLC lifted its stake in shares of Union Pacific by 41.1% in the 2nd quarter. Belpointe Asset Management LLC now owns 8,962 shares of the railroad operator’s stock valued at $2,062,000 after acquiring an additional 2,609 shares during the last quarter. Cullinan Associates Inc. boosted its holdings in Union Pacific by 1.7% during the 2nd quarter. Cullinan Associates Inc. now owns 18,070 shares of the railroad operator’s stock valued at $4,158,000 after acquiring an additional 300 shares during the period. Joule Financial LLC grew its position in Union Pacific by 3.7% during the 2nd quarter. Joule Financial LLC now owns 1,831 shares of the railroad operator’s stock worth $421,000 after acquiring an additional 66 shares during the last quarter. Finally, Plimoth Trust Co. LLC increased its stake in Union Pacific by 4.0% in the 2nd quarter. Plimoth Trust Co. LLC now owns 12,987 shares of the railroad operator’s stock worth $2,988,000 after purchasing an additional 498 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Trading Up 0.2%

Shares of UNP opened at $237.33 on Tuesday. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The firm’s 50-day moving average price is $223.83 and its 200-day moving average price is $224.46. The firm has a market capitalization of $140.77 billion, a price-to-earnings ratio of 20.62, a PEG ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. Union Pacific’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $2.74 earnings per share. Sell-side analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNP. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a research report on Friday. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Sanford C. Bernstein raised their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a report on Monday, July 21st. Citigroup raised shares of Union Pacific from a “neutral” rating to a “buy” rating and upped their price objective for the company from $250.00 to $251.00 in a research note on Monday, September 15th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Union Pacific in a report on Saturday, September 27th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Company Profile

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.