Union Pacific Co. (NYSE:UNP) Shares Sold by Orleans Capital Management Corp LA

Orleans Capital Management Corp LA reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,175 shares of the railroad operator’s stock after selling 156 shares during the period. Union Pacific makes up approximately 1.9% of Orleans Capital Management Corp LA’s investment portfolio, making the stock its 19th biggest holding. Orleans Capital Management Corp LA’s holdings in Union Pacific were worth $2,981,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. 3Chopt Investment Partners LLC purchased a new position in Union Pacific in the 2nd quarter worth $203,000. SPC Financial Inc. raised its stake in shares of Union Pacific by 10.5% in the second quarter. SPC Financial Inc. now owns 5,368 shares of the railroad operator’s stock worth $1,215,000 after purchasing an additional 511 shares during the last quarter. Truist Financial Corp raised its stake in shares of Union Pacific by 0.8% in the second quarter. Truist Financial Corp now owns 930,747 shares of the railroad operator’s stock worth $210,591,000 after purchasing an additional 7,023 shares during the last quarter. Old North State Trust LLC lifted its holdings in shares of Union Pacific by 2.3% during the second quarter. Old North State Trust LLC now owns 3,170 shares of the railroad operator’s stock worth $717,000 after purchasing an additional 72 shares during the period. Finally, EP Wealth Advisors LLC boosted its position in Union Pacific by 3.0% in the second quarter. EP Wealth Advisors LLC now owns 203,750 shares of the railroad operator’s stock valued at $46,100,000 after buying an additional 5,992 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Barclays reduced their price target on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Sanford C. Bernstein decreased their target price on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. StockNews.com lowered shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and reduced their price objective for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Finally, TD Cowen lowered their target price 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. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Union Pacific Price Performance

Shares of NYSE UNP opened at $246.48 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 firm has a market cap of $150.16 billion, a PE ratio of 23.52, a PEG ratio of 2.25 and a beta of 1.05. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The firm has a fifty day moving average of $245.87 and a 200 day moving average of $238.82.

Union Pacific (NYSE:UNP) last released 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 net margin of 26.90% and a return on equity of 42.62%. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. During the same quarter in the prior year, the firm earned $2.57 EPS. The company’s revenue for the quarter was up .7% on a year-over-year basis. As a group, research analysts predict that Union Pacific Co. will post 11.1 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, August 30th were paid a $1.34 dividend. The ex-dividend date was Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 dividend on an annualized basis and a dividend yield of 2.17%. Union Pacific’s payout ratio is currently 51.15%.

Insider Buying and Selling

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’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 transaction, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by company insiders.

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.