Union Pacific Corporation $UNP Shares Sold by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA reduced its stake in shares of Union Pacific Corporation (NYSE:UNP) by 93.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,253 shares of the railroad operator’s stock after selling 32,710 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Union Pacific were worth $518,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. GAMMA Investing LLC increased its stake in Union Pacific by 16.8% in the first quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock valued at $2,491,000 after purchasing an additional 1,520 shares during the period. Everhart Financial Group Inc. increased its stake in Union Pacific by 45.7% in the first quarter. Everhart Financial Group Inc. now owns 2,387 shares of the railroad operator’s stock valued at $564,000 after purchasing an additional 749 shares during the period. Salem Investment Counselors Inc. increased its stake in Union Pacific by 9.1% in the first quarter. Salem Investment Counselors Inc. now owns 3,544 shares of the railroad operator’s stock valued at $837,000 after purchasing an additional 295 shares during the period. CVA Family Office LLC increased its stake in Union Pacific by 4.3% in the first quarter. CVA Family Office LLC now owns 3,157 shares of the railroad operator’s stock valued at $746,000 after purchasing an additional 129 shares during the period. Finally, Azzad Asset Management Inc. ADV acquired a new position in Union Pacific in the first quarter valued at $2,149,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and lifted their target price for the company from $250.00 to $285.00 in a report on Friday, July 25th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Union Pacific in a report on Wednesday. Sanford C. Bernstein lifted their target price on shares of Union Pacific from $271.00 to $286.00 and gave the company an “outperform” rating in a report on Monday, July 21st. Baird R W raised shares of Union Pacific to a “hold” rating in a report on Tuesday, July 1st. Finally, Wells Fargo & Company lifted their target price on shares of Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $261.08.

Union Pacific Stock Down 2.6%

UNP stock opened at $225.54 on Friday. The company has a market cap of $133.77 billion, a P/E ratio of 19.60, a P/E/G ratio of 2.34 and a beta of 1.07. Union Pacific Corporation has a 52 week low of $204.66 and a 52 week high of $256.84. The company’s 50-day moving average price is $224.45 and its 200 day moving average price is $224.38. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same quarter in the prior year, the firm earned $2.74 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. Union Pacific’s payout ratio is currently 47.96%.

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.