IMS Capital Management Lowers Stock Holdings in Union Pacific Co. (NYSE:UNP)

IMS Capital Management decreased its position in shares of Union Pacific Co. (NYSE:UNP) by 5.1% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,433 shares of the railroad operator’s stock after selling 130 shares during the quarter. IMS Capital Management’s holdings in Union Pacific were worth $600,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. 9258 Wealth Management LLC increased its holdings in Union Pacific by 2.1% in the 4th quarter. 9258 Wealth Management LLC now owns 3,124 shares of the railroad operator’s stock valued at $767,000 after acquiring an additional 65 shares during the last quarter. J. W. Coons Advisors LLC increased its holdings in Union Pacific by 5.3% in the 4th quarter. J. W. Coons Advisors LLC now owns 3,997 shares of the railroad operator’s stock valued at $982,000 after acquiring an additional 201 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in Union Pacific by 5.6% in the 4th quarter. Jones Financial Companies Lllp now owns 18,063 shares of the railroad operator’s stock valued at $4,437,000 after acquiring an additional 965 shares during the last quarter. CWA Asset Management Group LLC increased its holdings in Union Pacific by 29.6% in the 4th quarter. CWA Asset Management Group LLC now owns 4,848 shares of the railroad operator’s stock valued at $1,191,000 after acquiring an additional 1,106 shares during the last quarter. Finally, NEOS Investment Management LLC increased its holdings in Union Pacific by 36.6% in the 4th quarter. NEOS Investment Management LLC now owns 10,001 shares of the railroad operator’s stock valued at $2,456,000 after acquiring an additional 2,682 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’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 completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.28% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on UNP shares. Stifel Nicolaus reduced 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. Daiwa America downgraded shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a report on Wednesday, September 4th. Loop Capital downgraded shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their target price for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Royal Bank of Canada boosted their target price on shares of Union Pacific from $275.00 to $288.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Bank of America reduced their target price on shares of Union Pacific from $273.00 to $270.00 and set a “buy” rating on the stock in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Price Performance

Union Pacific stock opened at $246.48 on Tuesday. The stock has a market cap of $150.16 billion, a price-to-earnings ratio of 23.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The firm has a 50-day moving average of $245.87 and a two-hundred day moving average of $238.82.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The firm’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the company earned $2.57 EPS. On average, research analysts forecast that Union Pacific Co. will post 11.1 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, August 30th were given a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.17%. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. The ex-dividend date was Friday, August 30th. Union Pacific’s payout ratio is 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.