Annapolis Financial Services LLC Cuts Position in Union Pacific Co. (NYSE:UNP)

Annapolis Financial Services LLC lessened its position in shares of Union Pacific Co. (NYSE:UNP) by 91.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 153 shares of the railroad operator’s stock after selling 1,695 shares during the quarter. Annapolis Financial Services LLC’s holdings in Union Pacific were worth $38,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Silver Oak Advisory Group Inc. purchased a new position in Union Pacific during the 4th quarter valued at approximately $219,000. Allegheny Financial Group LTD lifted its stake in shares of Union Pacific by 22.5% in the 4th quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock valued at $2,674,000 after purchasing an additional 2,000 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Union Pacific in the 4th quarter valued at approximately $238,000. Nordea Investment Management AB lifted its stake in shares of Union Pacific by 46.9% in the 4th quarter. Nordea Investment Management AB now owns 87,905 shares of the railroad operator’s stock valued at $21,596,000 after purchasing an additional 28,052 shares during the last quarter. Finally, Procyon Advisors LLC lifted its stake in shares of Union Pacific by 48.3% in the 4th quarter. Procyon Advisors LLC now owns 18,512 shares of the railroad operator’s stock valued at $4,547,000 after purchasing an additional 6,031 shares during the last quarter. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Union Pacific Stock Performance

UNP stock traded up $2.79 during trading on Friday, hitting $226.26. 3,492,610 shares of the company traded hands, compared to its average volume of 2,420,808. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.93 and a quick ratio of 0.76. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66. The stock’s 50-day simple moving average is $233.31 and its 200 day simple moving average is $240.30. The company has a market cap of $138.05 billion, a PE ratio of 21.59, a P/E/G ratio of 1.84 and a beta of 1.05.

Union Pacific (NYSE:UNP) last issued its quarterly earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.19. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.97 billion. During the same period in the previous year, the company posted $2.67 earnings per share. The business’s revenue was down .4% on a year-over-year basis. On average, equities analysts expect that Union Pacific Co. will post 11.22 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, May 31st were given a $1.30 dividend. The ex-dividend date was Friday, May 31st. This represents a $5.20 dividend on an annualized basis and a yield of 2.30%. Union Pacific’s dividend payout ratio is currently 49.62%.

Analyst Ratings Changes

UNP has been the subject of several analyst reports. Morgan Stanley raised their price objective on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a research note on Friday, April 26th. Susquehanna lowered their price objective on Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a research note on Tuesday, June 25th. Raymond James reaffirmed a “strong-buy” rating and issued a $280.00 price objective (up from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Stifel Nicolaus raised Union Pacific from a “hold” rating to a “buy” rating and raised their price objective for the company from $248.00 to $267.00 in a research note on Friday, May 3rd. Finally, Evercore ISI raised their price target on Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $258.92.

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.