Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 0.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,921 shares of the railroad operator’s stock after selling 84 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Union Pacific were worth $6,808,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Union Pacific in the first quarter worth about $25,000. Aspire Private Capital LLC raised its stake in shares of Union Pacific by 92.3% in the first quarter. Aspire Private Capital LLC now owns 100 shares of the railroad operator’s stock worth $27,000 after acquiring an additional 48 shares during the last quarter. Dravo Bay LLC bought a new position in shares of Union Pacific in the first quarter worth about $29,000. Delos Wealth Advisors LLC bought a new position in shares of Union Pacific in the fourth quarter worth about $30,000. Finally, Cyrus J. Lawrence LLC bought a new position in shares of Union Pacific in the first quarter worth about $34,000. 77.89% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on UNP. Susquehanna Bancshares boosted their target price on shares of Union Pacific from $235.00 to $240.00 and gave the stock a “neutral” rating in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Union Pacific from $260.00 to $232.00 in a research note on Friday, July 22nd. Evercore ISI dropped their price target on shares of Union Pacific from $245.00 to $236.00 and set an “in-line” rating for the company in a research note on Tuesday, July 12th. Morgan Stanley dropped their price target on shares of Union Pacific from $210.00 to $207.00 and set an “equal weight” rating for the company in a research note on Friday, July 22nd. Finally, Susquehanna downgraded shares of Union Pacific from a “positive” rating to a “neutral” rating and set a $235.00 price target for the company. in a research note on Wednesday, July 6th. They noted that the move was a valuation call. Twelve investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $247.22.
Union Pacific Stock Down 2.9 %
Union Pacific (NYSE:UNP – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The firm had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. During the same period in the prior year, the firm posted $2.72 earnings per share. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. Analysts anticipate that Union Pacific Co. will post 11.55 earnings per share for the current year.
Union Pacific Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Wednesday, August 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.56%. The ex-dividend date is Tuesday, August 30th. Union Pacific’s payout ratio is presently 48.46%.
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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.
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