Hendley & Co. Inc. Sells 675 Shares of Union Pacific Corporation $UNP

Hendley & Co. Inc. lessened its stake in Union Pacific Corporation (NYSE:UNP) by 1.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 37,677 shares of the railroad operator’s stock after selling 675 shares during the period. Union Pacific makes up 3.0% of Hendley & Co. Inc.’s portfolio, making the stock its 10th largest position. Hendley & Co. Inc.’s holdings in Union Pacific were worth $8,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in UNP. LGT Group Foundation increased its position in Union Pacific by 9.7% during the 1st quarter. LGT Group Foundation now owns 5,398 shares of the railroad operator’s stock worth $1,275,000 after purchasing an additional 477 shares during the period. Nuveen LLC acquired a new position in Union Pacific during the 1st quarter worth approximately $988,822,000. SlateStone Wealth LLC increased its position in Union Pacific by 6.2% during the 1st quarter. SlateStone Wealth LLC now owns 13,264 shares of the railroad operator’s stock worth $3,133,000 after purchasing an additional 772 shares during the period. Meadow Creek Wealth Advisors LLC increased its position in Union Pacific by 10.9% during the 1st quarter. Meadow Creek Wealth Advisors LLC now owns 3,666 shares of the railroad operator’s stock worth $866,000 after purchasing an additional 359 shares during the period. Finally, GAMMA Investing LLC increased its position in Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator’s stock worth $2,491,000 after purchasing an additional 1,520 shares during the period. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Price Performance

UNP stock opened at $232.11 on Wednesday. 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 quick ratio of 0.53 and a current ratio of 0.65. The stock’s 50 day moving average price is $223.99 and its 200 day moving average price is $224.51. The firm has a market cap of $137.67 billion, a P/E ratio of 20.17, a PEG ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 EPS. Union Pacific’s revenue was up 2.4% on a year-over-year basis. On average, sell-side 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 is a boost from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s payout ratio is presently 47.96%.

Wall Street Analyst Weigh In

UNP has been the topic of several recent analyst reports. Sanford C. Bernstein boosted their target price on Union Pacific from $271.00 to $286.00 and gave the stock an “outperform” rating in a research report on Monday, July 21st. Barclays lowered Union Pacific from an “overweight” rating to an “equal weight” rating in a research note on Wednesday, July 30th. Weiss Ratings reissued a “hold (c+)” rating on shares of Union Pacific in a research note on Saturday, September 27th. Citigroup raised Union Pacific from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $250.00 to $251.00 in a research note on Monday, September 15th. Finally, Morgan Stanley decreased their price target on Union Pacific from $220.00 to $215.00 and set an “equal weight” rating on the stock in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $260.54.

Union Pacific Company 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.