Mittelman Wealth Management Sells 92 Shares of Union Pacific Co. (NYSE:UNP)

Mittelman Wealth Management lowered its stake in Union Pacific Co. (NYSE:UNP) by 1.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,271 shares of the railroad operator’s stock after selling 92 shares during the period. Union Pacific makes up 0.9% of Mittelman Wealth Management’s holdings, making the stock its 27th biggest holding. Mittelman Wealth Management’s holdings in Union Pacific were worth $1,419,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Capital Research Global Investors increased its position in shares of Union Pacific by 7.6% in the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock worth $1,812,689,000 after purchasing an additional 518,985 shares during the period. Fisher Asset Management LLC boosted its stake in Union Pacific by 2.0% in the fourth quarter. Fisher Asset Management LLC now owns 5,856,266 shares of the railroad operator’s stock valued at $1,438,417,000 after buying an additional 113,946 shares in the last quarter. Clearbridge Investments LLC boosted its stake in Union Pacific by 5.7% in the first quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock valued at $1,081,348,000 after buying an additional 237,083 shares in the last quarter. Capital World Investors boosted its stake in Union Pacific by 35.3% in the first quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock valued at $1,012,857,000 after buying an additional 1,073,625 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Union Pacific by 5.6% in the first quarter. Canada Pension Plan Investment Board now owns 3,896,601 shares of the railroad operator’s stock valued at $958,291,000 after buying an additional 205,640 shares in the last quarter. Institutional investors own 80.38% of the company’s stock.

Analysts Set New Price Targets

UNP has been the topic of several research analyst reports. TD Cowen reduced their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Union Pacific in a research note on Thursday, September 12th. Susquehanna reduced their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research note 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. Finally, Stifel Nicolaus cut their price target on Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Eight 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. According to 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 Union Pacific stock in a transaction that occurred on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Price Performance

Union Pacific stock opened at $251.13 on Thursday. The stock’s 50 day moving average is $244.75 and its 200 day moving average is $239.16. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The firm has a market cap of $152.99 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.24 and a beta of 1.05. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The firm’s revenue for the quarter was up .7% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. As a group, research analysts expect that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be issued a $1.34 dividend. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, August 30th. Union Pacific’s payout ratio is presently 51.15%.

About Union Pacific

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.