Commonwealth Retirement Investments LLC Has $2.42 Million Position in Union Pacific Co. (NYSE:UNP)

Commonwealth Retirement Investments LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 2.4% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 10,688 shares of the railroad operator’s stock after selling 263 shares during the quarter. Union Pacific comprises about 1.1% of Commonwealth Retirement Investments LLC’s holdings, making the stock its 25th largest position. Commonwealth Retirement Investments LLC’s holdings in Union Pacific were worth $2,418,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UNP. 9258 Wealth Management LLC raised its position in shares of Union Pacific by 2.1% during the fourth quarter. 9258 Wealth Management LLC now owns 3,124 shares of the railroad operator’s stock worth $767,000 after acquiring an additional 65 shares during the last quarter. Gryphon Financial Partners LLC increased its position in Union Pacific by 86.8% during the 4th quarter. Gryphon Financial Partners LLC now owns 2,589 shares of the railroad operator’s stock valued at $594,000 after purchasing an additional 1,203 shares during the period. E Fund Management Co. Ltd. bought a new position in Union Pacific during the 4th quarter worth approximately $202,000. Kovitz Investment Group Partners LLC lifted its position in shares of Union Pacific by 13.2% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 23,847 shares of the railroad operator’s stock worth $5,857,000 after purchasing an additional 2,776 shares during the period. Finally, Lebenthal Global Advisors LLC bought a new stake in shares of Union Pacific in the 4th quarter valued at $342,000. 80.38% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UNP has been the subject of a number of analyst reports. Wells Fargo & Company assumed coverage on shares of Union Pacific in a research note on Friday, June 7th. They set an “overweight” rating and a $270.00 target price for the company. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $276.00 to $238.00 in a research report on Monday, June 17th. Benchmark restated a “buy” rating and set a $266.00 target price on shares of Union Pacific in a research report on Monday, July 29th. Stifel Nicolaus lowered their target price on Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, StockNews.com lowered Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Union Pacific presently has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Trading Down 0.8 %

UNP opened at $249.55 on Friday. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The firm has a market capitalization of $152.03 billion, a PE ratio of 23.81, a P/E/G ratio of 2.26 and a beta of 1.05. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. The company’s 50-day moving average is $240.55 and its 200 day moving average is $239.38.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the business posted $2.57 earnings per share. As a group, research analysts predict that Union Pacific Co. will post 11.11 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 paid a dividend of $1.34 per share. The ex-dividend date is Friday, August 30th. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is 51.15%.

Insiders Place Their Bets

In other news, President Elizabeth F. Whited sold 3,552 shares of the 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 owns 64,945 shares in the company, valued at $16,014,787.55. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.28% of the company’s stock.

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.