Union Pacific Corporation $UNP Shares Sold by Sachetta LLC

Sachetta LLC decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP) by 18.7% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,496 shares of the railroad operator’s stock after selling 345 shares during the quarter. Sachetta LLC’s holdings in Union Pacific were worth $344,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Union Pacific from $250.00 to $260.00 and gave the company an “overweight” rating in a research report on Friday, July 25th. UBS Group set a $253.00 price objective on Union Pacific and gave the company a “neutral” rating in a report on Friday. Loop Capital upgraded shares of Union Pacific from a “sell” rating to a “hold” rating and raised their target price for the stock from $214.00 to $227.00 in a research report on Tuesday, September 16th. Barclays downgraded shares of Union Pacific from an “overweight” rating to an “equal weight” rating in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group raised shares of Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the stock from $250.00 to $285.00 in a research report on Friday, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $260.54.

Union Pacific Stock Performance

NYSE:UNP opened at $237.33 on Tuesday. The firm’s fifty day moving average price is $223.83 and its 200 day moving average price is $224.46. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The firm has a market cap of $140.77 billion, a price-to-earnings ratio of 20.62, a price-to-earnings-growth ratio of 2.47 and a beta of 1.07.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business earned $2.74 EPS. On average, sell-side analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th were issued a $1.38 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.3%. This is a boost from Union Pacific’s previous quarterly dividend of $1.34. Union Pacific’s dividend payout ratio is presently 47.96%.

Union Pacific 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.