Studio Investment Management LLC Buys 497 Shares of Union Pacific Co. (NYSE:UNP)

Studio Investment Management LLC lifted its position in Union Pacific Co. (NYSE:UNP) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,807 shares of the railroad operator’s stock after acquiring an additional 497 shares during the quarter. Studio Investment Management LLC’s holdings in Union Pacific were worth $2,219,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Angeles Wealth Management LLC increased its stake in Union Pacific by 5.6% in the 2nd quarter. Angeles Wealth Management LLC now owns 6,256 shares of the railroad operator’s stock valued at $1,415,000 after buying an additional 334 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Union Pacific by 19.5% in the second quarter. Gryphon Financial Partners LLC now owns 2,719 shares of the railroad operator’s stock valued at $615,000 after acquiring an additional 443 shares in the last quarter. Malaga Cove Capital LLC increased its position in shares of Union Pacific by 1.4% during the second quarter. Malaga Cove Capital LLC now owns 3,693 shares of the railroad operator’s stock valued at $836,000 after acquiring an additional 52 shares during the last quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its holdings in Union Pacific by 10.2% during the second quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH now owns 3,396 shares of the railroad operator’s stock worth $768,000 after acquiring an additional 314 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Union Pacific by 11.9% in the second quarter. Daiwa Securities Group Inc. now owns 71,356 shares of the railroad operator’s stock worth $16,145,000 after purchasing an additional 7,604 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

UNP has been the subject of several research analyst reports. Stifel Nicolaus decreased their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a research report on Wednesday, July 17th. 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 report on Friday, July 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Benchmark restated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research note on Monday, July 29th. Finally, Susquehanna dropped their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 25th. Eight investment 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. According to MarketBeat.com, Union Pacific currently has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Trading Up 0.6 %

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

Union Pacific (NYSE:UNP) last posted 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. 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 analyst estimates of $6.05 billion. During the same quarter in the prior year, the firm posted $2.57 EPS. Union Pacific’s revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $1.34 per share. This is a positive change 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 annualized dividend and a yield of 2.12%. Union Pacific’s dividend payout ratio (DPR) is currently 51.15%.

Insider Buying and Selling

In other 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 transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.28% of the stock is owned by company insiders.

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.