DRW Securities LLC Reduces Stake in Union Pacific Co. (NYSE:UNP)

DRW Securities LLC decreased its holdings in shares of Union Pacific Co. (NYSE:UNP) by 38.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,349 shares of the railroad operator’s stock after selling 842 shares during the quarter. DRW Securities LLC’s holdings in Union Pacific were worth $305,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific during the 4th quarter worth $25,000. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the first quarter worth approximately $26,000. Raleigh Capital Management Inc. increased its holdings in shares of Union Pacific by 211.4% in the 4th 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 during the period. Scarborough Advisors LLC purchased a new stake in Union Pacific in the 4th quarter valued at $29,000. Finally, Cultivar Capital Inc. acquired a new stake in Union Pacific during the 2nd quarter worth $27,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

Shares of UNP stock opened at $244.00 on Tuesday. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The stock has a market cap of $148.87 billion, a PE ratio of 23.28, a P/E/G ratio of 2.24 and a beta of 1.05. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The stock has a fifty day moving average price of $245.61 and a 200 day moving average price of $238.95.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating 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 firm had revenue of $6.01 billion for the quarter, compared to analysts’ expectations of $6.05 billion. During the same period in the prior year, the company earned $2.57 EPS. The firm’s revenue was up .7% on a year-over-year basis. Sell-side analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $1.34 per share. This is an increase from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s payout ratio is currently 51.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on UNP shares. Susquehanna decreased their target price on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. StockNews.com raised Union Pacific from a “hold” rating to a “buy” rating in a research report on Monday. Benchmark reissued a “buy” rating and issued a $266.00 target price on shares of Union Pacific in a report on Monday, July 29th. Loop Capital cut Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the stock from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, Sanford C. Bernstein lowered their price objective on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating on the stock in a research report on Monday, July 8th. Seven equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and a consensus target price of $258.79.

Insider Activity at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the transaction, the president now directly 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 accessible through this hyperlink. 0.28% of the stock is owned by corporate insiders.

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.