Union Pacific (NYSE:UNP) PT Lowered to $275.00 at BMO Capital Markets

Union Pacific (NYSE:UNP) had its price objective trimmed by BMO Capital Markets from $280.00 to $275.00 in a report published on Friday, Benzinga reports. The firm currently has an outperform rating on the railroad operator’s stock.

Other equities research analysts have also recently issued research reports about the stock. Royal Bank of Canada reaffirmed an outperform rating and set a $275.00 price objective on shares of Union Pacific in a research report on Friday. Barclays cut their price objective on shares of Union Pacific from $290.00 to $280.00 and set an overweight rating for the company in a research report on Friday, July 26th. Stifel Nicolaus dropped their target price on shares of Union Pacific from $267.00 to $265.00 and set a buy rating for the company in a report on Wednesday, July 17th. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an overweight rating and a $270.00 target price for the company. Finally, TD Cowen dropped their target price on shares of Union Pacific from $259.00 to $255.00 and set a buy rating for the company in a report on Friday, July 26th. Seven analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average price target of $258.79.

Union Pacific Trading Down 0.6 %

UNP opened at $244.00 on Friday. Union Pacific has a twelve month low of $199.33 and a twelve month high of $258.66. The company has a 50-day simple moving average of $245.61 and a 200 day simple moving average of $238.95. 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 stock has a market capitalization of $148.87 billion, a price-to-earnings ratio of 23.28, a P/E/G ratio of 2.24 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the prior year, the business posted $2.57 earnings per share. Union Pacific’s revenue was up .7% compared to the same quarter last year. Analysts predict that Union Pacific 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 dividend of $1.34 per share. This represents a $5.36 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date is Friday, August 30th. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio is currently 51.15%.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s 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 completion of the sale, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.28% of the company’s stock.

Hedge Funds Weigh In On Union Pacific

A number of large investors have recently modified their holdings of the company. Forum Financial Management LP lifted its holdings in shares of Union Pacific by 0.6% in the 1st quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after purchasing an additional 41 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in shares of Union Pacific by 1.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after purchasing an additional 42 shares in the last quarter. Fairhaven Wealth Management LLC lifted its holdings in shares of Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after purchasing an additional 43 shares in the last quarter. Chesapeake Wealth Management lifted its holdings in shares of Union Pacific by 0.5% in the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after purchasing an additional 43 shares in the last quarter. Finally, Elevated Capital Advisors LLC lifted its holdings in shares of Union Pacific by 3.6% in the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock worth $312,000 after purchasing an additional 44 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors.

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.