First City Capital Management Inc. Has $476,000 Stock Position in Union Pacific Co. (NYSE:UNP)

First City Capital Management Inc. boosted its holdings in Union Pacific Co. (NYSE:UNP) by 16.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,103 shares of the railroad operator’s stock after acquiring an additional 299 shares during the quarter. First City Capital Management Inc.’s holdings in Union Pacific were worth $476,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Capital Research Global Investors boosted its position in shares of Union Pacific by 7.6% during the first quarter. Capital Research Global Investors now owns 7,370,752 shares of the railroad operator’s stock valued at $1,812,689,000 after buying an additional 518,985 shares during the last quarter. Fisher Asset Management LLC boosted its position 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 worth $1,438,417,000 after purchasing an additional 113,946 shares during the last quarter. Clearbridge Investments LLC raised its stake in shares of Union Pacific by 5.7% during the 1st quarter. Clearbridge Investments LLC now owns 4,396,974 shares of the railroad operator’s stock worth $1,081,348,000 after purchasing an additional 237,083 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Union Pacific by 8.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 4,218,730 shares of the railroad operator’s stock worth $954,530,000 after purchasing an additional 322,129 shares during the period. Finally, Capital World Investors boosted its holdings in shares of Union Pacific by 35.3% in the 1st quarter. Capital World Investors now owns 4,118,477 shares of the railroad operator’s stock worth $1,012,857,000 after buying an additional 1,073,625 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Insider Buying and Selling

In related news, President Elizabeth F. Whited sold 3,552 shares of the stock in a transaction 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 transaction, the president now owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Stock Down 1.2 %

UNP stock opened at $245.39 on Friday. The company’s 50 day moving average is $245.45 and its 200 day moving average is $239.07. The stock has a market cap 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 current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66.

Union Pacific (NYSE:UNP) last posted its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion for 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 business’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter last year, the company posted $2.57 EPS. Sell-side analysts predict that Union Pacific Co. will post 11.11 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company 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 is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.18%. Union Pacific’s dividend payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several analysts have commented on UNP shares. Barclays lowered their price objective on shares of 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 note on Tuesday, June 18th. Benchmark restated a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a research note on Monday, July 29th. Sanford C. Bernstein cut their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Finally, Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, September 4th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Company 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.