Boston Financial Mangement LLC Decreases Stock Holdings in Union Pacific Co. (NYSE:UNP)

Boston Financial Mangement LLC decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 0.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,567 shares of the railroad operator’s stock after selling 42 shares during the period. Boston Financial Mangement LLC’s holdings in Union Pacific were worth $4,653,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in UNP. OLD Point Trust & Financial Services N A purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. lifted its position in shares of Union Pacific by 211.4% during 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 in the last quarter. Cultivar Capital Inc. purchased a new position in shares of Union Pacific during the 2nd quarter valued at approximately $27,000. Finally, Scarborough Advisors LLC purchased a new position in shares of Union Pacific during the 4th quarter valued at approximately $29,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNP. Royal Bank of Canada decreased their price objective on Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. TD Cowen decreased their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company began coverage on Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price objective on the stock. Sanford C. Bernstein decreased their price objective on Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a report on Monday, July 8th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Seven 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 data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Union Pacific Trading Up 1.1 %

Shares of NYSE:UNP traded up $2.88 during midday trading on Friday, reaching $256.08. 2,386,553 shares of the company’s stock were exchanged, compared to its average volume of 2,260,287. The firm’s 50 day simple moving average is $237.06 and its two-hundred day simple moving average is $239.12. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The stock has a market cap of $156.00 billion, a price-to-earnings ratio of 24.44, a P/E/G ratio of 2.19 and a beta of 1.06. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued 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. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s quarterly revenue was up .7% on a year-over-year basis. During the same period last year, the company earned $2.57 EPS. As a group, sell-side analysts forecast that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

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

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific 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 completion of the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

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.