Cooper Financial Group Sells 1,985 Shares of Union Pacific Corporation $UNP

Cooper Financial Group lowered its holdings in Union Pacific Corporation (NYSE:UNP) by 68.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 936 shares of the railroad operator’s stock after selling 1,985 shares during the period. Cooper Financial Group’s holdings in Union Pacific were worth $215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of UNP. Triangle Securities Wealth Management lifted its holdings in shares of Union Pacific by 5.8% in the first quarter. Triangle Securities Wealth Management now owns 2,493 shares of the railroad operator’s stock worth $589,000 after buying an additional 136 shares in the last quarter. Apella Capital LLC grew its position in Union Pacific by 714.2% during the first quarter. Apella Capital LLC now owns 9,591 shares of the railroad operator’s stock valued at $2,144,000 after acquiring an additional 8,413 shares during the last quarter. Lifestyle Asset Management Inc. bought a new position in Union Pacific during the first quarter valued at approximately $200,000. Thurston Springer Miller Herd & Titak Inc. grew its position in Union Pacific by 28.8% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 8,672 shares of the railroad operator’s stock valued at $2,049,000 after acquiring an additional 1,940 shares during the last quarter. Finally, Chatham Capital Group Inc. grew its position in Union Pacific by 0.6% during the first quarter. Chatham Capital Group Inc. now owns 15,863 shares of the railroad operator’s stock valued at $3,747,000 after acquiring an additional 100 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UNP has been the topic of several recent analyst reports. BMO Capital Markets raised their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a report on Friday, July 25th. Susquehanna restated a “positive” rating and issued a $272.00 price objective (up from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and increased their price target for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Finally, Baird R W upgraded shares of Union Pacific to a “hold” rating in a research note on Tuesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have given a Hold rating to the company’s stock. Based on data from MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $260.00.

Union Pacific Stock Performance

UNP opened at $234.65 on Friday. 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 company has a market cap of $139.16 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 2.45 and a beta of 1.07. The company’s 50 day moving average is $223.43 and its 200 day moving average is $224.59.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the previous year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities research analysts predict 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. Shareholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s 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.