Marotta Asset Management Has $231,000 Stake in Union Pacific Corporation $UNP

Marotta Asset Management lowered its stake in shares of Union Pacific Corporation (NYSE:UNP) by 46.7% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,004 shares of the railroad operator’s stock after selling 881 shares during the period. Marotta Asset Management’s holdings in Union Pacific were worth $231,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in UNP. Highline Wealth Partners LLC boosted its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator’s stock valued at $27,000 after purchasing an additional 59 shares during the last quarter. CBIZ Investment Advisory Services LLC boosted its stake in Union Pacific by 1,400.0% during the 1st quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock valued at $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the 1st quarter valued at about $32,000. WPG Advisers LLC acquired a new position in Union Pacific during the 1st quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC boosted its stake in Union Pacific by 50.5% during the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator’s stock valued at $37,000 after purchasing an additional 56 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $214.73 on Friday. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month 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 business’s 50 day simple moving average is $224.46 and its 200 day simple moving average is $226.06. The company has a market cap of $127.34 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, beating 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 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 prior year, the business earned $2.74 earnings per share. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be paid a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a yield of 2.6%. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UNP. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, August 12th. UBS Group boosted their target price on Union Pacific from $238.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, July 25th. Morgan Stanley cut their target price on 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. Evercore ISI cut their target price on Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research note on Friday, July 25th. Finally, Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.21.

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.