First Financial Corp IN cut its position in shares of Union Pacific Co. (NYSE:UNP – Get Rating) by 6.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,820 shares of the railroad operator’s stock after selling 200 shares during the period. First Financial Corp IN’s holdings in Union Pacific were worth $602,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Atlas Brown Inc. boosted its holdings in shares of Union Pacific by 4.9% in the 2nd quarter. Atlas Brown Inc. now owns 4,309 shares of the railroad operator’s stock valued at $919,000 after buying an additional 200 shares in the last quarter. Wolff Wiese Magana LLC raised its position in Union Pacific by 1.9% during the 2nd quarter. Wolff Wiese Magana LLC now owns 6,651 shares of the railroad operator’s stock worth $1,419,000 after buying an additional 124 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its position in Union Pacific by 11.8% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 4,585 shares of the railroad operator’s stock worth $978,000 after buying an additional 485 shares during the last quarter. HB Wealth Management LLC raised its position in Union Pacific by 7.9% during the 2nd quarter. HB Wealth Management LLC now owns 32,659 shares of the railroad operator’s stock worth $6,965,000 after buying an additional 2,389 shares during the last quarter. Finally, Ritholtz Wealth Management raised its position in Union Pacific by 2.9% during the 2nd quarter. Ritholtz Wealth Management now owns 8,316 shares of the railroad operator’s stock worth $1,774,000 after buying an additional 238 shares during the last quarter. 77.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently issued reports on UNP. Morgan Stanley cut their price target on shares of Union Pacific from $210.00 to $207.00 and set an “equal weight” rating for the company in a report on Friday, July 22nd. Cowen cut their price target on shares of Union Pacific to $261.00 in a report on Friday, July 22nd. Wells Fargo & Company cut their price target on shares of Union Pacific from $265.00 to $218.00 and set an “equal weight” rating for the company in a report on Friday, July 15th. Evercore ISI cut their price target on shares of Union Pacific from $245.00 to $236.00 and set an “in-line” rating for the company in a report on Tuesday, July 12th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Union Pacific from $260.00 to $232.00 in a research note on Friday, July 22nd. 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. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $247.22.
Union Pacific Stock Down 2.7 %
Union Pacific (NYSE:UNP – Get Rating) last released its quarterly earnings results on Thursday, July 21st. The railroad operator reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.82 by $0.11. Union Pacific had a net margin of 29.23% and a return on equity of 52.00%. The business had revenue of $6.27 billion during the quarter, compared to the consensus estimate of $6.11 billion. During the same quarter last year, the company earned $2.72 earnings per share. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. Research analysts predict that Union Pacific Co. will post 11.55 earnings per share for the current year.
Union Pacific Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend is Tuesday, August 30th. Union Pacific’s dividend payout ratio is presently 48.46%.
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, 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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