Union Pacific Corporation $UNP Shares Sold by Hennessy Advisors Inc.

Hennessy Advisors Inc. lessened its stake in Union Pacific Corporation (NYSE:UNP) by 1.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,300 shares of the railroad operator’s stock after selling 200 shares during the quarter. Hennessy Advisors Inc.’s holdings in Union Pacific were worth $2,600,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Ameriflex Group Inc. raised its position in Union Pacific by 1.8% during the second quarter. Ameriflex Group Inc. now owns 11,095 shares of the railroad operator’s stock valued at $2,545,000 after acquiring an additional 195 shares in the last quarter. Wallington Asset Management LLC increased its holdings in shares of Union Pacific by 0.3% during the 2nd quarter. Wallington Asset Management LLC now owns 79,226 shares of the railroad operator’s stock valued at $18,228,000 after purchasing an additional 212 shares in the last quarter. Segment Wealth Management LLC lifted its stake in shares of Union Pacific by 2.5% in the 2nd quarter. Segment Wealth Management LLC now owns 58,306 shares of the railroad operator’s stock valued at $13,415,000 after purchasing an additional 1,442 shares during the period. Fairvoy Private Wealth LLC purchased a new stake in Union Pacific during the second quarter worth $229,000. Finally, Barrett & Company Inc. grew its position in Union Pacific by 70.4% during the second quarter. Barrett & Company Inc. now owns 581 shares of the railroad operator’s stock valued at $134,000 after buying an additional 240 shares during the period. 80.38% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

UNP has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective on shares of Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. UBS Group set a $253.00 price target on Union Pacific and gave the stock a “neutral” rating in a report on Friday. Barclays downgraded Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Argus cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, August 12th. Finally, Loop Capital upgraded Union Pacific from a “sell” rating to a “hold” rating and increased their target price for the company from $214.00 to $227.00 in a research report on Tuesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Union Pacific currently has a consensus rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Stock Performance

NYSE UNP opened at $236.60 on Friday. The company has a market cap of $140.33 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07. The stock’s 50 day simple moving average is $223.67 and its 200-day simple moving average is $224.51. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.74 earnings per share. As a group, equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.3%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific’s dividend payout ratio (DPR) is currently 47.96%.

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.