Summit Trail Advisors LLC Cuts Stake in Union Pacific Co. (NYSE:UNP)

Summit Trail Advisors LLC trimmed its position in shares of Union Pacific Co. (NYSE:UNP) by 13.7% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 6,417 shares of the railroad operator’s stock after selling 1,018 shares during the quarter. Summit Trail Advisors LLC’s holdings in Union Pacific were worth $1,452,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UNP. BMO Capital Markets dropped their price target on shares of Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday. Susquehanna dropped their price target on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a report on Tuesday, June 25th. Stifel Nicolaus dropped their price target on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating on the stock in a report on Wednesday, July 17th. Wells Fargo & Company began coverage on shares of Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target on the stock. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, June 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Price Performance

NYSE UNP opened at $245.39 on Friday. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The stock has a market cap of $149.72 billion, a price-to-earnings ratio of 23.42, a PEG ratio of 2.24 and a beta of 1.05. The company’s 50 day moving average is $245.45 and its two-hundred day moving average is $239.07. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given a dividend of $1.34 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 annualized dividend and a dividend yield of 2.18%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

Insider Activity

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific 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 sale, the president now owns 64,945 shares in the company, valued at $16,014,787.55. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.28% of the company’s stock.

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.