Veracity Capital LLC Sells 304 Shares of Union Pacific Co. (NYSE:UNP)

Veracity Capital LLC reduced its holdings in shares of Union Pacific Co. (NYSE:UNP) by 8.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,151 shares of the railroad operator’s stock after selling 304 shares during the quarter. Veracity Capital LLC’s holdings in Union Pacific were worth $775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new position in Union Pacific during the fourth quarter valued at about $1,832,127,000. Wellington Management Group LLP raised its holdings in shares of Union Pacific by 0.3% in the 3rd quarter. Wellington Management Group LLP now owns 7,261,449 shares of the railroad operator’s stock worth $1,478,649,000 after purchasing an additional 19,145 shares during the period. Capital Research Global Investors lifted its stake in Union Pacific by 23.1% in the fourth quarter. Capital Research Global Investors now owns 6,851,767 shares of the railroad operator’s stock valued at $1,682,931,000 after purchasing an additional 1,285,144 shares during the last quarter. Fisher Asset Management LLC grew its holdings in Union Pacific by 2.2% during the fourth quarter. Fisher Asset Management LLC now owns 5,867,842 shares of the railroad operator’s stock valued at $1,441,260,000 after purchasing an additional 125,522 shares during the period. Finally, Franklin Resources Inc. raised its stake in shares of Union Pacific by 7.1% in the fourth quarter. Franklin Resources Inc. now owns 5,504,181 shares of the railroad operator’s stock valued at $1,351,937,000 after buying an additional 364,029 shares during the period. Hedge funds and other institutional investors own 80.38% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Morgan Stanley upped their price objective on shares of Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. TD Cowen boosted their target price on shares of Union Pacific from $252.00 to $258.00 and gave the company a “buy” rating in a report on Friday, April 26th. Loop Capital lowered Union Pacific from a “buy” rating to a “hold” rating and cut their price target for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Raymond James restated a “strong-buy” rating and issued a $280.00 target price (up previously from $275.00) on shares of Union Pacific in a research note on Friday, April 26th. Finally, Wells Fargo & Company began coverage on Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $258.92.

Union Pacific Trading Up 0.0 %

NYSE UNP traded up $0.07 during trading on Thursday, hitting $225.57. 1,219,762 shares of the company’s stock traded hands, compared to its average volume of 2,259,866. The stock has a fifty day moving average of $232.77 and a two-hundred day moving average of $239.98. Union Pacific Co. has a 12-month low of $199.33 and a 12-month high of $258.66. The firm has a market cap of $137.63 billion, a P/E ratio of 21.52, a PEG ratio of 1.92 and a beta of 1.07. 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 (NYSE:UNP) last issued its earnings results on Thursday, April 25th. The railroad operator reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.50 by $0.19. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.97 billion. Union Pacific had a return on equity of 44.34% and a net margin of 26.52%. Union Pacific’s quarterly revenue was down .4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.67 EPS. As a group, sell-side analysts expect that Union Pacific Co. will post 11.22 EPS for the current year.

Union Pacific Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, May 31st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 2.31%. The ex-dividend date was Friday, May 31st. Union Pacific’s payout ratio is 49.62%.

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.