Nemes Rush Group LLC Sells 8,323 Shares of Union Pacific Corporation $UNP

Nemes Rush Group LLC lessened its position in shares of Union Pacific Corporation (NYSE:UNP) by 15.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,897 shares of the railroad operator’s stock after selling 8,323 shares during the period. Nemes Rush Group LLC’s holdings in Union Pacific were worth $10,790,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Northern Trust Corp raised its position in shares of Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator’s stock worth $1,678,575,000 after buying an additional 142,732 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator’s stock worth $1,641,715,000 after acquiring an additional 354,463 shares during the last quarter. Royal Bank of Canada increased its stake in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator’s stock worth $1,206,191,000 after acquiring an additional 86,292 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after acquiring an additional 452,788 shares in the last quarter. Finally, Nuveen LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at about $988,822,000. 80.38% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UNP shares. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. BMO Capital Markets decreased their price target on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, October 24th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a report on Wednesday, July 30th. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and upped their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Finally, Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. One analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $261.63.

Union Pacific Trading Up 2.3%

Shares of UNP stock opened at $226.36 on Friday. The business has a 50-day moving average of $224.83 and a 200 day moving average of $224.89. The company has a debt-to-equity ratio of 1.75, a current ratio of 0.75 and a quick ratio of 0.60. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The stock has a market capitalization of $134.27 billion, a PE ratio of 19.23, a P/E/G ratio of 2.27 and a beta of 1.04.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, October 23rd. The railroad operator reported $3.08 EPS for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. Union Pacific had a return on equity of 42.23% and a net margin of 28.73%.The business had revenue of $6.24 billion for the quarter, compared to analysts’ expectations of $6.24 billion. During the same period in the previous year, the firm earned $2.75 EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s dividend payout ratio is presently 46.90%.

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.