Hager Investment Management Services LLC Sells 55 Shares of Union Pacific Corporation $UNP

Hager Investment Management Services LLC trimmed its holdings in Union Pacific Corporation (NYSE:UNP) by 3.5% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 1,498 shares of the railroad operator’s stock after selling 55 shares during the quarter. Hager Investment Management Services LLC’s holdings in Union Pacific were worth $345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nuveen LLC purchased a new position in Union Pacific during the 1st quarter valued at $988,822,000. Goldman Sachs Group Inc. increased its position in Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator’s stock valued at $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co increased its position in Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator’s stock valued at $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. purchased a new position in Union Pacific during the 1st quarter valued at $115,096,000. Finally, Canada Pension Plan Investment Board increased its position in Union Pacific by 10.8% during the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator’s stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Union Pacific Stock Performance

Shares of UNP stock opened at $232.72 on Thursday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company’s 50-day moving average is $224.14 and its 200 day moving average is $224.57. The company has a market capitalization of $138.03 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 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 period in the prior year, the firm posted $2.74 EPS. Union Pacific’s revenue for the quarter was up 2.4% on a year-over-year basis. Sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a dividend of $1.38 per share. This is a positive change from Union Pacific’s previous quarterly dividend of $1.34. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.4%. Union Pacific’s payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on UNP shares. Raymond James Financial reissued a “strong-buy” rating on shares of Union Pacific in a research report on Tuesday, July 15th. Evercore ISI reduced their target price on shares of Union Pacific from $244.00 to $238.00 and set an “in-line” rating on the stock in a research report on Friday, July 25th. Robert W. Baird assumed coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $231.00 target price on the stock. BMO Capital Markets upped their target price on shares of Union Pacific from $270.00 to $277.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Finally, UBS Group set a $253.00 target price on shares of Union Pacific and gave the stock a “neutral” rating in a research report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $261.08.

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.