AMI Investment Management Inc. Has $3.35 Million Stake in Union Pacific Co. (NYSE:UNP)

AMI Investment Management Inc. decreased its position in Union Pacific Co. (NYSE:UNP) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,803 shares of the railroad operator’s stock after selling 67 shares during the quarter. Union Pacific accounts for approximately 1.2% of AMI Investment Management Inc.’s holdings, making the stock its 29th largest holding. AMI Investment Management Inc.’s holdings in Union Pacific were worth $3,349,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Forum Financial Management LP lifted its position in Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock valued at $1,731,000 after acquiring an additional 41 shares in the last quarter. Mission Wealth Management LP lifted its position in Union Pacific by 0.5% in the 4th quarter. Mission Wealth Management LP now owns 7,838 shares of the railroad operator’s stock valued at $1,925,000 after acquiring an additional 42 shares in the last quarter. Berkeley Capital Partners LLC lifted its position in Union Pacific by 1.0% in the 4th quarter. Berkeley Capital Partners LLC now owns 4,100 shares of the railroad operator’s stock valued at $1,007,000 after acquiring an additional 42 shares in the last quarter. Prestige Wealth Management Group LLC lifted its position in 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 valued at $741,000 after acquiring an additional 42 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its position in Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after acquiring an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on UNP shares. Barclays dropped their price target on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. Wells Fargo & Company began 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. Sanford C. Bernstein decreased their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Royal Bank of Canada decreased their price objective on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, July 26th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a research note on Monday, July 29th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $258.79.

Union Pacific Stock Performance

UNP stock traded up $2.53 during midday trading on Friday, reaching $246.85. 2,449,222 shares of the company’s stock traded hands, compared to its average volume of 2,001,557. The company has a 50-day moving average price of $234.81 and a two-hundred day moving average price of $239.00. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. 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 $150.38 billion, a PE ratio of 23.55, a price-to-earnings-growth ratio of 2.16 and a beta of 1.06.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating 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 business had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the firm posted $2.57 EPS. The business’s revenue for the quarter was up .7% compared to the same quarter last year. As a group, equities analysts anticipate that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.17%. Union Pacific’s payout ratio is presently 49.62%.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total transaction of $875,887.68. Following the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company’s stock.

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.