Gofen & Glossberg LLC IL Decreases Stake in Union Pacific Co. (NYSE:UNP)

Gofen & Glossberg LLC IL reduced its holdings in Union Pacific Co. (NYSE:UNPGet Rating) by 0.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 68,475 shares of the railroad operator’s stock after selling 219 shares during the period. Gofen & Glossberg LLC IL’s holdings in Union Pacific were worth $14,604,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kovitz Investment Group Partners LLC increased its position in Union Pacific by 648.4% during the first quarter. Kovitz Investment Group Partners LLC now owns 23,208 shares of the railroad operator’s stock worth $6,341,000 after purchasing an additional 20,107 shares during the last quarter. Baker Tilly Wealth Management LLC increased its position in shares of Union Pacific by 19.9% during the first quarter. Baker Tilly Wealth Management LLC now owns 7,836 shares of the railroad operator’s stock valued at $2,141,000 after acquiring an additional 1,299 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Union Pacific by 266.6% in the fourth quarter. Laurel Wealth Advisors Inc. now owns 5,466 shares of the railroad operator’s stock valued at $1,377,000 after purchasing an additional 3,975 shares during the period. Ascent Group LLC purchased a new position in Union Pacific in the fourth quarter worth approximately $1,183,000. Finally, Ieq Capital LLC lifted its stake in Union Pacific by 16.0% in the first quarter. Ieq Capital LLC now owns 18,831 shares of the railroad operator’s stock worth $5,145,000 after acquiring an additional 2,600 shares during the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

UNP stock traded down $2.15 during mid-day trading on Thursday, reaching $209.74. The company had a trading volume of 76,231 shares, compared to its average volume of 2,736,043. The company has a quick ratio of 0.53, a current ratio of 0.66 and a debt-to-equity ratio of 2.33. The stock has a market capitalization of $130.98 billion, a P/E ratio of 19.75, a P/E/G ratio of 1.85 and a beta of 1.14. Union Pacific Co. has a one year low of $195.93 and a one year high of $278.94. The stock’s 50-day simple moving average is $225.96 and its two-hundred day simple moving average is $231.07.

Union Pacific (NYSE:UNPGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.82 by $0.11. The company had revenue of $6.27 billion for the quarter, compared to analyst estimates of $6.11 billion. Union Pacific had a return on equity of 52.00% and a net margin of 29.23%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period last year, the company earned $2.72 earnings per share. Research analysts anticipate that Union Pacific Co. will post 11.55 EPS for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Investors of record on Wednesday, August 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend is Tuesday, August 30th. Union Pacific’s payout ratio is currently 48.46%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on UNP. Sanford C. Bernstein cut shares of Union Pacific from an “outperform” rating to a “market perform” rating and cut their target price for the company from $234.00 to $230.00 in a report on Wednesday, September 14th. Raymond James dropped their price objective on shares of Union Pacific from $285.00 to $250.00 and set a “strong-buy” rating on the stock in a research note on Friday, July 8th. Credit Suisse Group lowered their price target on shares of Union Pacific to $252.00 in a research note on Friday, July 22nd. JPMorgan Chase & Co. cut shares of Union Pacific from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $272.00 to $232.00 in a research note on Tuesday, July 12th. Finally, Wells Fargo & Company lowered their price target on shares of Union Pacific from $265.00 to $218.00 and set an “equal weight” rating on the stock in a research note on Friday, July 15th. Twelve equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $247.22.

Union Pacific Profile

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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, and other agricultural users; petroleum, and liquid petroleum gases; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, soda ash, and sand, as well as finished automobiles, automotive parts, and merchandise in intermodal containers.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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