Frank Rimerman Advisors LLC Raises Stock Holdings in Union Pacific Co. (NYSE:UNP)

Frank Rimerman Advisors LLC raised its position in shares of Union Pacific Co. (NYSE:UNP) by 53,423.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,057 shares of the railroad operator’s stock after buying an additional 16,027 shares during the period. Frank Rimerman Advisors LLC’s holdings in Union Pacific were worth $3,633,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. OLD Point Trust & Financial Services N A purchased a new position in Union Pacific during the 4th quarter valued at about $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the first quarter valued at approximately $26,000. Raleigh Capital Management Inc. raised its holdings 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 valued at $27,000 after acquiring an additional 74 shares in the last quarter. Cultivar Capital Inc. purchased a new stake in Union Pacific in the second quarter worth $27,000. Finally, Scarborough Advisors LLC bought a new position in Union Pacific in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Wall Street Analyst Weigh In

UNP has been the topic of several research analyst reports. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Royal Bank of Canada reiterated an “outperform” rating and set a $275.00 target price on shares of Union Pacific in a report on Friday. StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Susquehanna reduced their price target 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. Finally, TD Cowen lowered their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a research report on Friday, July 26th. Eight equities 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. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Transactions at Union Pacific

In related news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction that occurred on 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 owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE UNP opened at $245.39 on Friday. The company has a 50 day moving average of $245.45 and a 200 day moving average of $239.07. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. The firm has a market cap of $149.72 billion, a P/E ratio of 23.42, a PEG ratio of 2.24 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 firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. During the same quarter in the previous year, the business earned $2.57 earnings per share. The company’s revenue was up .7% on a year-over-year basis. As a group, research analysts expect that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

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

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.