Moors & Cabot Inc. Purchases 1,253 Shares of Union Pacific Co. (NYSE:UNP)

Moors & Cabot Inc. grew its position in shares of Union Pacific Co. (NYSE:UNP) by 5.4% in the 2nd quarter, HoldingsChannel reports. The fund owned 24,415 shares of the railroad operator’s stock after buying an additional 1,253 shares during the period. Moors & Cabot Inc.’s holdings in Union Pacific were worth $5,524,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. TD Cowen cut 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. Barclays lowered 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. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price objective for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Finally, Benchmark reiterated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $258.79.

Insider Activity at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction 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 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 Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Trading Up 1.4 %

NYSE:UNP opened at $252.51 on Tuesday. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm’s 50 day moving average is $243.58 and its 200 day moving average is $239.08. The stock has a market capitalization of $154.06 billion, a PE ratio of 24.09, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results 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 return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the company earned $2.57 EPS. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date is Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.12%. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

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.