Estabrook Capital Management Sells 584 Shares of Union Pacific Co. (NYSE:UNP)

Estabrook Capital Management trimmed its stake in shares of Union Pacific Co. (NYSE:UNP) by 0.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,572 shares of the railroad operator’s stock after selling 584 shares during the period. Union Pacific comprises about 2.3% of Estabrook Capital Management’s holdings, making the stock its 6th biggest holding. Estabrook Capital Management’s holdings in Union Pacific were worth $14,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Forum Financial Management LP grew its stake in Union Pacific by 0.6% during the first quarter. Forum Financial Management LP now owns 7,037 shares of the railroad operator’s stock worth $1,731,000 after buying an additional 41 shares during the last quarter. Prestige Wealth Management Group LLC boosted its holdings in shares of Union Pacific by 1.4% in the 1st quarter. Prestige Wealth Management Group LLC now owns 3,015 shares of the railroad operator’s stock worth $741,000 after acquiring an additional 42 shares in the last quarter. Fairhaven Wealth Management LLC boosted its holdings in shares of Union Pacific by 1.7% in the 2nd quarter. Fairhaven Wealth Management LLC now owns 2,581 shares of the railroad operator’s stock worth $584,000 after acquiring an additional 43 shares in the last quarter. Chesapeake Wealth Management grew its position in Union Pacific by 0.5% during the 2nd quarter. Chesapeake Wealth Management now owns 8,202 shares of the railroad operator’s stock worth $1,856,000 after acquiring an additional 43 shares during the last quarter. Finally, Elevated Capital Advisors LLC increased its holdings in Union Pacific by 3.6% during the 1st quarter. Elevated Capital Advisors LLC now owns 1,269 shares of the railroad operator’s stock valued at $312,000 after purchasing an additional 44 shares in the last quarter. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

Union Pacific stock opened at $245.39 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The firm has a market capitalization of $149.72 billion, a P/E ratio of 23.42, a PEG ratio of 2.24 and a beta of 1.05. The business has a 50-day moving average of $245.45 and a 200-day moving average of $239.07. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The firm 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 business’s revenue for the quarter was up .7% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.57 earnings per share. On average, equities analysts anticipate that Union Pacific Co. will post 11.11 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be paid a dividend of $1.34 per share. 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 an increase from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

Analysts Set New Price Targets

UNP has been the topic of a number of recent analyst reports. TD Cowen reduced their price objective on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Benchmark reiterated a “buy” rating and set a $266.00 price target on shares of Union Pacific in a research report on Monday, July 29th. Susquehanna lowered their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research report on Tuesday, June 25th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $275.00 price objective on shares of Union Pacific in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Buying and Selling at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was 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 of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.28% of the company’s stock.

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.