Lmcg Investments LLC Lowers Holdings in Union Pacific Co. (NYSE:UNP)

Lmcg Investments LLC trimmed its position in Union Pacific Co. (NYSE:UNP) by 4.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,163 shares of the railroad operator’s stock after selling 973 shares during the period. Lmcg Investments LLC’s holdings in Union Pacific were worth $4,336,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of UNP. OLD Point Trust & Financial Services N A purchased a new position in Union Pacific in the 4th quarter valued at $25,000. Richardson Capital Management LLC purchased a new position in Union Pacific in the first quarter worth $26,000. Raleigh Capital Management Inc. lifted its holdings in Union Pacific by 211.4% in the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the period. Cultivar Capital Inc. purchased a new stake in shares of Union Pacific during the 2nd quarter worth $27,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Union Pacific during the 4th quarter worth $29,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP opened at $252.51 on Tuesday. 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 company has a market capitalization of $154.06 billion, a price-to-earnings ratio of 24.09, a PEG ratio of 2.20 and a beta of 1.05. The company’s 50 day simple moving average is $243.58 and its 200 day simple moving average is $239.08. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66.

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, beating the consensus estimate of $2.71 by $0.03. The business had revenue of $6.01 billion for the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.57 earnings per share. On average, sell-side analysts predict that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a dividend of $1.34 per share. 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 2.12%. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is currently 51.15%.

Wall Street Analyst Weigh In

UNP has been the topic of a number of research analyst reports. Susquehanna decreased their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Daiwa America lowered Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. TD Cowen decreased their target price on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research report on Friday, July 26th. Finally, Barclays dropped their price target on Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

Insiders Place Their Bets

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

Union Pacific Company 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.