Fernwood Investment Management LLC Cuts Stock Holdings in Union Pacific Co. (NYSE:UNP)

Fernwood Investment Management LLC reduced its position in shares of Union Pacific Co. (NYSE:UNP) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,716 shares of the railroad operator’s stock after selling 400 shares during the period. Union Pacific accounts for about 1.5% of Fernwood Investment Management LLC’s portfolio, making the stock its 15th largest holding. Fernwood Investment Management LLC’s holdings in Union Pacific were worth $2,658,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Naples Global Advisors LLC lifted its holdings in Union Pacific by 1.1% in the first quarter. Naples Global Advisors LLC now owns 5,734 shares of the railroad operator’s stock valued at $959,000 after acquiring an additional 60 shares during the last quarter. Community Bank & Trust Waco Texas lifted its holdings in Union Pacific by 0.3% in the second quarter. Community Bank & Trust Waco Texas now owns 22,618 shares of the railroad operator’s stock valued at $3,825,000 after acquiring an additional 60 shares during the last quarter. YorkBridge Wealth Partners LLC lifted its holdings in Union Pacific by 2.3% in the second quarter. YorkBridge Wealth Partners LLC now owns 2,614 shares of the railroad operator’s stock valued at $442,000 after acquiring an additional 60 shares during the last quarter. 1ST Source Bank lifted its holdings in Union Pacific by 1.6% in the second quarter. 1ST Source Bank now owns 3,789 shares of the railroad operator’s stock valued at $641,000 after acquiring an additional 61 shares during the last quarter. Finally, Weatherstone Capital Management lifted its holdings in Union Pacific by 3.1% in the first quarter. Weatherstone Capital Management now owns 2,172 shares of the railroad operator’s stock valued at $363,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 79.02% of the company’s stock.

A number of research firms recently commented on UNP. UBS Group set a $201.00 price objective on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Stifel Nicolaus set a $170.00 price objective on Union Pacific and gave the company a “hold” rating in a report on Tuesday, April 23rd. BMO Capital Markets upped their price objective on Union Pacific to $190.00 and gave the company an “outperform” rating in a report on Monday, April 22nd. Raymond James set a $197.00 price objective on Union Pacific and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Atlantic Securities upgraded Union Pacific from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $175.00 to $195.00 in a report on Friday, July 26th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $182.62.

NYSE:UNP traded down $1.97 during trading hours on Thursday, reaching $161.73. 89,368 shares of the stock were exchanged, compared to its average volume of 3,614,512. The company has a debt-to-equity ratio of 1.26, a current ratio of 0.72 and a quick ratio of 0.58. The stock has a 50-day simple moving average of $171.51. Union Pacific Co. has a twelve month low of $128.08 and a twelve month high of $180.54. The stock has a market cap of $116.72 billion, a P/E ratio of 20.46, a price-to-earnings-growth ratio of 1.85 and a beta of 1.04.

Union Pacific (NYSE:UNP) last released its quarterly earnings results on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion for the quarter, compared to analysts’ expectations of $5.62 billion. During the same period in the prior year, the firm earned $1.98 earnings per share. The firm’s revenue was down 1.3% compared to the same quarter last year. As a group, analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be paid a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. This represents a $3.88 annualized dividend and a dividend yield of 2.40%. The ex-dividend date of this dividend is Thursday, August 29th. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.

In other news, EVP Robert M. Knight, Jr. sold 8,620 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $180.04, for a total value of $1,551,944.80. Following the sale, the executive vice president now directly owns 94,943 shares in the company, valued at $17,093,537.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William J. Delaney III acquired 5,000 shares of Union Pacific stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $174.06 per share, for a total transaction of $870,300.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by company insiders.

Union Pacific Company Profile

Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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