Revolve Wealth Partners LLC Trims Stock Position in Union Pacific Co. (NYSE:UNP)

Revolve Wealth Partners LLC reduced its stake in Union Pacific Co. (NYSE:UNP) by 5.6% during the 2nd quarter, HoldingsChannel reports. The firm owned 946 shares of the railroad operator’s stock after selling 56 shares during the period. Revolve Wealth Partners LLC’s holdings in Union Pacific were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific in the fourth quarter valued at about $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its holdings in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after buying an additional 74 shares during the period. Scarborough Advisors LLC acquired a new position in Union Pacific during the fourth quarter worth $29,000. Finally, Tributary Capital Management LLC purchased a new position in Union Pacific in the first quarter worth $30,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on UNP shares. Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and lowered their price target for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Susquehanna lowered their target price on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company started coverage on shares of Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target for the company. Raymond James restated a “strong-buy” rating and issued a $280.00 price target (up previously from $275.00) on shares of Union Pacific in a report on Friday, April 26th. Finally, Benchmark reaffirmed a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Monday, July 29th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Trading Up 0.3 %

Shares of UNP traded up $0.82 during mid-day trading on Friday, reaching $244.53. The company had a trading volume of 1,951,386 shares, compared to its average volume of 2,282,628. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The firm has a fifty day simple moving average of $232.77 and a 200-day simple moving average of $239.06. The stock has a market cap of $148.97 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $2.57 earnings per share. On average, sell-side analysts anticipate that Union Pacific Co. will post 11.12 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $1.34 dividend. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. This represents a $5.36 annualized dividend and a yield of 2.19%. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

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.