Weik Capital Management Decreases Stock Holdings in Union Pacific Corporation $UNP

Weik Capital Management reduced its position in Union Pacific Corporation (NYSE:UNP) by 17.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,753 shares of the railroad operator’s stock after selling 805 shares during the period. Weik Capital Management’s holdings in Union Pacific were worth $863,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC grew its holdings in Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator’s stock worth $28,000 after purchasing an additional 112 shares during the last quarter. Financial Gravity Companies Inc. acquired a new stake in shares of Union Pacific in the 2nd quarter worth $31,000. Access Investment Management LLC acquired a new stake in shares of Union Pacific in the 2nd quarter worth $32,000. WPG Advisers LLC purchased a new position in Union Pacific during the 1st quarter worth $33,000. Finally, GFG Capital LLC acquired a new position in Union Pacific during the 2nd quarter valued at about $38,000. Institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

Shares of NYSE UNP opened at $226.36 on Monday. The company has a 50 day simple moving average of $224.83 and a two-hundred day simple moving average of $224.96. The stock has a market cap of $134.27 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 2.27 and a beta of 1.04. The company has a current ratio of 0.75, a quick ratio of 0.60 and a debt-to-equity ratio of 1.75. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, October 23rd. The railroad operator reported $3.08 earnings per share for the quarter, topping analysts’ consensus estimates of $2.99 by $0.09. The firm had revenue of $6.24 billion for the quarter, compared to analyst estimates of $6.24 billion. Union Pacific had a net margin of 28.73% and a return on equity of 42.23%. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. As a group, analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Friday, December 5th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, December 5th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. Union Pacific’s dividend payout ratio (DPR) is presently 46.90%.

Wall Street Analyst Weigh In

UNP has been the subject of several recent analyst reports. Argus downgraded Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, August 12th. Cowen reiterated a “buy” rating on shares of Union Pacific in a research note on Friday, October 24th. BMO Capital Markets dropped their target price on shares of Union Pacific from $277.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, October 24th. TD Cowen decreased their price target on shares of Union Pacific from $258.00 to $257.00 and set a “buy” rating for the company in a report on Friday, October 24th. Finally, Royal Bank Of Canada lifted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have given a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $261.63.

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.