Greenwood Gearhart Inc. Sells 463 Shares of Union Pacific Co. (NYSE:UNP)

Greenwood Gearhart Inc. cut its holdings in Union Pacific Co. (NYSE:UNP) by 15.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,630 shares of the railroad operator’s stock after selling 463 shares during the period. Greenwood Gearhart Inc.’s holdings in Union Pacific were worth $595,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in UNP. Norges Bank purchased a new position in shares of Union Pacific in the fourth quarter worth $1,832,127,000. Capital Research Global Investors lifted its stake in Union Pacific by 23.1% in the 4th quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock worth $1,682,931,000 after purchasing an additional 1,285,144 shares in the last quarter. Winslow Capital Management LLC purchased a new stake in Union Pacific in the 4th quarter worth $293,162,000. Capital World Investors boosted its holdings in shares of Union Pacific by 35.3% during the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after purchasing an additional 1,073,625 shares during the last quarter. Finally, TD Asset Management Inc grew its position in shares of Union Pacific by 115.3% during the fourth quarter. TD Asset Management Inc now owns 1,070,123 shares of the railroad operator’s stock valued at $262,844,000 after purchasing an additional 573,072 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The stock was 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 in the company, valued at $16,014,787.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on UNP. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the company from $276.00 to $238.00 in a research report on Monday, June 17th. Wells Fargo & Company started coverage on shares of Union Pacific in a research report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Stifel Nicolaus decreased their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Union Pacific has an average rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Trading Up 0.6 %

UNP opened at $252.58 on Wednesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The stock’s 50 day moving average price is $241.62 and its 200-day moving average price is $239.18. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The stock has a market cap of $153.87 billion, a price-to-earnings ratio of 24.10, a P/E/G ratio of 2.21 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The business’s revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.57 earnings per share. On average, equities analysts forecast 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. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Friday, August 30th. Union Pacific’s dividend payout ratio is currently 51.15%.

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.