Marquette Asset Management LLC Cuts Stake in Union Pacific Co. (NYSE:UNP)

Marquette Asset Management LLC trimmed its holdings in Union Pacific Co. (NYSE:UNP) by 57.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 553 shares of the railroad operator’s stock after selling 747 shares during the period. Marquette Asset Management LLC’s holdings in Union Pacific were worth $136,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Richardson Capital Management LLC purchased a new position in shares of Union Pacific during the 1st quarter valued at about $26,000. Raleigh Capital Management Inc. increased its stake 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 purchasing an additional 74 shares in the last quarter. Strategic Investment Solutions Inc. IL bought a new position in shares of Union Pacific during the second quarter valued at $28,000. Scarborough Advisors LLC bought a new position in shares of Union Pacific in the fourth quarter worth approximately $29,000. Finally, Cultivar Capital Inc. bought a new stake in shares of Union Pacific in the 2nd quarter worth $27,000. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $237.56 on Wednesday. The firm has a market capitalization of $144.72 billion, a P/E ratio of 22.67, a P/E/G ratio of 2.20 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 1-year low of $199.97 and a 1-year high of $258.66. The business’s 50-day simple moving average is $246.08 and its 200-day simple moving average is $238.68.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share 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 business 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% compared to the same quarter last year. Equities analysts predict that Union Pacific Co. will post 11.1 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, August 30th were issued a $1.34 dividend. This is an increase 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 2.26%. The ex-dividend date was Friday, August 30th. Union Pacific’s payout ratio is presently 51.15%.

Insider Transactions at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of Union Pacific 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 completion of the sale, the president now directly owns 64,945 shares in the company, valued at $16,014,787.55. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets dropped their target price on Union Pacific from $280.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, September 20th. Susquehanna boosted their target price on Union Pacific from $250.00 to $260.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Barclays decreased their target price 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. TD Cowen reduced their target price on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Finally, Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and decreased their target price for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $259.32.

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.