Capricorn Fund Managers Ltd Sells 2,052 Shares of Union Pacific Corporation $UNP

Capricorn Fund Managers Ltd cut its stake in shares of Union Pacific Corporation (NYSE:UNP) by 9.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,229 shares of the railroad operator’s stock after selling 2,052 shares during the quarter. Union Pacific makes up about 2.1% of Capricorn Fund Managers Ltd’s portfolio, making the stock its 23rd largest position. Capricorn Fund Managers Ltd’s holdings in Union Pacific were worth $4,424,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of UNP. Highline Wealth Partners LLC boosted its stake in Union Pacific by 103.5% during the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Union Pacific by 1,400.0% during the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in Union Pacific during the first quarter worth $32,000. WPG Advisers LLC bought a new position in Union Pacific during the first quarter worth $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock worth $37,000 after acquiring an additional 56 shares in the last quarter. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Up 0.9%

UNP opened at $236.60 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The company’s 50-day moving average is $223.67 and its 200 day moving average is $224.59. Union Pacific Corporation has a fifty-two week low of $204.66 and a fifty-two week high of $256.84. The firm has a market capitalization of $140.33 billion, a P/E ratio of 20.56, a PEG ratio of 2.44 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 for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the firm earned $2.74 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. Research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal 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. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. Union Pacific’s payout ratio is 47.96%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on UNP shares. Argus lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. Robert W. Baird initiated coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price objective on the stock. Royal Bank Of Canada raised their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the company an “outperform” rating in a research note on Wednesday, July 30th. Finally, UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a “neutral” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat, Union Pacific 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.