Folger Nolan Fleming Douglas Capital Management Inc. Cuts Stake in Union Pacific Corporation $UNP

Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in shares of Union Pacific Corporation (NYSE:UNP) by 0.7% in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,491 shares of the railroad operator’s stock after selling 200 shares during the quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Union Pacific were worth $7,015,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Lindenwold Advisors INC raised its position in Union Pacific by 2.1% during the 2nd quarter. Lindenwold Advisors INC now owns 12,523 shares of the railroad operator’s stock worth $2,881,000 after buying an additional 252 shares during the last quarter. Conning Inc. raised its position in Union Pacific by 6.4% during the 2nd quarter. Conning Inc. now owns 156,890 shares of the railroad operator’s stock worth $36,097,000 after buying an additional 9,412 shares during the last quarter. Trust Co. of Toledo NA OH raised its position in Union Pacific by 1.4% during the 2nd quarter. Trust Co. of Toledo NA OH now owns 15,927 shares of the railroad operator’s stock worth $3,664,000 after buying an additional 227 shares during the last quarter. Aberdeen Group plc raised its position in Union Pacific by 5.7% during the 2nd quarter. Aberdeen Group plc now owns 796,347 shares of the railroad operator’s stock worth $183,494,000 after buying an additional 43,000 shares during the last quarter. Finally, Croban increased its holdings in shares of Union Pacific by 2.0% in the 2nd quarter. Croban now owns 4,515 shares of the railroad operator’s stock valued at $1,039,000 after purchasing an additional 89 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

NYSE:UNP opened at $225.54 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. The firm has a 50-day moving average price of $224.45 and a two-hundred day moving average price of $224.47. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84. The company has a market capitalization of $133.77 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its 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 firm had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the firm posted $2.74 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced 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. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

UNP has been the subject of a number of research analyst reports. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an “equal weight” rating for the company in a report on Monday, July 7th. Susquehanna reiterated a “positive” rating and issued a $272.00 price target (up previously from $257.00) on shares of Union Pacific in a report on Thursday, September 25th. Argus downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Robert W. Baird initiated coverage on shares of Union Pacific in a report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 price target for the company. Finally, UBS Group set a $253.00 price target on shares of Union Pacific and gave the company a “neutral” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $261.08.

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.