Forbes J M & Co. LLP Has $11.65 Million Holdings in Union Pacific Co. (NYSE:UNP)

Forbes J M & Co. LLP increased its position in shares of Union Pacific Co. (NYSE:UNP) by 9.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,863 shares of the railroad operator’s stock after acquiring an additional 5,876 shares during the quarter. Union Pacific accounts for about 2.2% of Forbes J M & Co. LLP’s holdings, making the stock its 19th largest position. Forbes J M & Co. LLP’s holdings in Union Pacific were worth $11,645,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in UNP. Camarda Financial Advisors LLC increased its stake in Union Pacific by 673.7% in the 1st quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after buying an additional 128 shares during the period. Squar Milner Financial Services LLC increased its stake in Union Pacific by 368.6% in the 1st quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after buying an additional 129 shares during the period. Mackey Komara & Dankovich LLC acquired a new position in Union Pacific in the 1st quarter valued at approximately $29,000. Joseph P. Lucia & Associates LLC acquired a new position in Union Pacific in the 1st quarter valued at approximately $30,000. Finally, Manchester Financial Inc. acquired a new position in Union Pacific in the 2nd quarter valued at approximately $39,000. Institutional investors and hedge funds own 79.02% of the company’s stock.

In other Union Pacific news, Director William J. Delaney III acquired 5,000 shares of the company’s stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the purchase, the director now owns 5,000 shares in the company, valued at approximately $870,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total transaction of $1,551,944.80. Following the completion of the transaction, the executive vice president now owns 94,943 shares of the company’s stock, valued at approximately $17,093,537.72. The disclosure for this sale can be found here. Corporate insiders own 9.96% of the company’s stock.



Several research firms have weighed in on UNP. Barclays lowered shares of Union Pacific from an “overweight” rating to an “equal weight” rating and dropped their price objective for the company from $190.00 to $170.00 in a research note on Thursday, June 13th. Cascend Securities lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. UBS Group set a $201.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. Zacks Investment Research upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 price target on the stock in a research note on Monday, July 22nd. Finally, Credit Suisse Group set a $203.00 price target on shares of Union Pacific and gave the stock a “buy” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the company. Union Pacific presently has an average rating of “Buy” and a consensus target price of $182.62.

Union Pacific stock traded up $2.74 during mid-day trading on Friday, reaching $165.19. The company had a trading volume of 511,781 shares, compared to its average volume of 3,580,648. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a 52 week low of $128.08 and a 52 week high of $180.54. The company has a 50 day moving average of $171.43 and a 200-day moving average of $169.72. The firm has a market cap of $118.91 billion, a price-to-earnings ratio of 20.88, a PEG ratio of 1.88 and a beta of 1.04.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a net margin of 26.95% and a return on equity of 31.74%. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. During the same quarter in the prior year, the company posted $1.98 EPS. The business’s revenue was down 1.3% on a year-over-year basis. On average, analysts predict that Union Pacific Co. will post 8.96 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 2.35%. Union Pacific’s dividend payout ratio is currently 44.50%.

Union Pacific Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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