Americana Partners LLC Sells 1,982 Shares of Union Pacific Co. (NYSE:UNP)

Americana Partners LLC trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 9.0% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 20,132 shares of the railroad operator’s stock after selling 1,982 shares during the period. Americana Partners LLC’s holdings in Union Pacific were worth $4,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Forum Financial Management LP boosted its stake in Union Pacific by 0.6% during the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after acquiring an additional 41 shares in the last quarter. Mission Wealth Management LP lifted its holdings in shares of Union Pacific by 0.5% during the fourth quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock valued at $1,925,000 after purchasing an additional 42 shares during the last quarter. Berkeley Capital Partners LLC boosted its position in shares of Union Pacific by 1.0% in the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock worth $1,007,000 after purchasing an additional 42 shares in the last quarter. Prestige Wealth Management Group LLC grew its stake in shares of Union Pacific by 1.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after buying an additional 42 shares during the last quarter. Finally, Elevated Capital Advisors LLC increased its position in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling

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

Union Pacific Stock Performance

NYSE UNP traded up $4.21 during trading hours on Friday, hitting $256.09. 2,386,564 shares of the company’s stock traded hands, compared to its average volume of 2,260,287. 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 Co. has a 52 week low of $199.33 and a 52 week high of $258.66. The firm has a market capitalization of $156.01 billion, a P/E ratio of 24.44, a P/E/G ratio of 2.19 and a beta of 1.06. The business’s fifty day moving average price is $237.66 and its two-hundred day moving average price is $239.18.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the company posted $2.57 earnings per share. The company’s revenue for the quarter was up .7% compared to the same quarter last year. Equities research analysts predict that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is 49.62%.

Analyst Ratings Changes

A number of brokerages recently issued reports on UNP. Royal Bank of Canada dropped their price target on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a research note on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a report on Monday, July 29th. Stifel Nicolaus decreased their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. TD Cowen cut their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Susquehanna decreased their price target on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Union Pacific has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific 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.