Quest Investment Management LLC Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Quest Investment Management LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 35.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 53,637 shares of the railroad operator’s stock after selling 29,172 shares during the period. Union Pacific accounts for about 1.3% of Quest Investment Management LLC’s investment portfolio, making the stock its 28th biggest position. Quest Investment Management LLC’s holdings in Union Pacific were worth $12,136,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in UNP. OLD Point Trust & Financial Services N A purchased a new position in shares of Union Pacific in the fourth quarter valued at $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific in the 1st quarter worth $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Union Pacific by 211.4% in the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in shares of Union Pacific during the 4th quarter valued at about $29,000. Finally, Cultivar Capital Inc. bought a new position in shares of Union Pacific in the 2nd quarter valued at about $27,000. 80.38% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the sale, the president now directly owns 64,945 shares in the company, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Trading Down 1.2 %

NYSE UNP opened at $245.39 on Friday. The company’s 50-day simple moving average is $245.45 and its two-hundred day simple moving average is $239.07. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The company has a market capitalization of $149.72 billion, a price-to-earnings ratio of 23.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

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

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be paid a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.18%. The ex-dividend date of this dividend is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is 51.15%.

Wall Street Analyst Weigh In

UNP has been the topic of a number of recent research reports. Barclays decreased their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research report on Friday, July 26th. StockNews.com downgraded Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. BMO Capital Markets cut their price objective on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday. Sanford C. Bernstein lowered their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Finally, Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the company from $276.00 to $238.00 in a report on Monday, June 17th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific 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.