Douglas Lane & Associates LLC Reduces Stake in Union Pacific Co. (NYSE:UNP)

Douglas Lane & Associates LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 3.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 2,788 shares of the railroad operator’s stock after selling 95 shares during the period. Douglas Lane & Associates LLC’s holdings in Union Pacific were worth $631,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of UNP. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific during the 4th quarter valued at $25,000. Richardson Capital Management LLC acquired a new stake in Union Pacific during the 1st quarter valued at $26,000. Raleigh Capital Management Inc. grew its holdings in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after buying an additional 74 shares during the last quarter. Scarborough Advisors LLC acquired a new stake in Union Pacific during the 4th quarter valued at $29,000. Finally, Tributary Capital Management LLC acquired a new stake in Union Pacific during the 1st quarter valued at $30,000. Institutional investors and hedge funds own 80.38% of the company’s stock.

Union Pacific Stock Up 1.6 %

NYSE:UNP traded up $3.68 during mid-day trading on Tuesday, hitting $238.55. The company had a trading volume of 2,511,808 shares, compared to its average volume of 2,309,313. The business has a fifty day simple moving average of $230.77 and a 200-day simple moving average of $239.22. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The firm has a market capitalization of $145.54 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.12 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. During the same period last year, the company posted $2.57 earnings per share. The firm’s revenue was up .7% compared to the same quarter last year. Equities analysts forecast that Union Pacific Co. will post 11.12 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, August 30th will be given a $1.34 dividend. The ex-dividend date is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.25%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Analyst Ratings Changes

A number of equities research analysts have commented on UNP shares. Morgan Stanley increased their target price on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Jefferies Financial Group started coverage on Union Pacific in a report on Monday, April 8th. They set a “hold” rating and a $250.00 price objective on the stock. Benchmark restated a “buy” rating and set a $266.00 price objective on shares of Union Pacific in a report on Monday, July 29th. Wells Fargo & Company started coverage on Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 price objective on the stock. Finally, Royal Bank of Canada decreased their price objective on Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the firm’s stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $246.59, for a total value of $875,887.68. Following the transaction, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Union Pacific news, insider Whited Elizabeth 3,553 shares of the business’s stock in a transaction on Tuesday, July 30th. The was disclosed in a filing with the SEC, which is available through this hyperlink. Also, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction dated Tuesday, July 30th. The shares were sold at an average price of $246.59, for a total value of $875,887.68. Following the completion of the sale, the president now directly owns 64,945 shares of the company’s stock, valued at $16,014,787.55. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate insiders.

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.