Chicago Capital LLC Has $2.76 Million Stake in Union Pacific Co. (NYSE:UNP)

Chicago Capital LLC reduced its stake in shares of Union Pacific Co. (NYSE:UNP) by 3.0% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,174 shares of the railroad operator’s stock after selling 382 shares during the quarter. Chicago Capital LLC’s holdings in Union Pacific were worth $2,755,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in UNP. Wakefield Asset Management LLLP acquired a new position in Union Pacific in the 2nd quarter worth about $301,000. Sivia Capital Partners LLC increased its holdings in Union Pacific by 16.2% in the second quarter. Sivia Capital Partners LLC now owns 1,491 shares of the railroad operator’s stock worth $337,000 after buying an additional 208 shares during the last quarter. Lake Street Advisors Group LLC raised its position in Union Pacific by 1.7% during the second quarter. Lake Street Advisors Group LLC now owns 7,889 shares of the railroad operator’s stock valued at $1,785,000 after acquiring an additional 135 shares in the last quarter. Private Advisor Group LLC lifted its stake in Union Pacific by 4.3% in the second quarter. Private Advisor Group LLC now owns 40,186 shares of the railroad operator’s stock valued at $9,092,000 after acquiring an additional 1,645 shares during the last quarter. Finally, New York Life Investment Management LLC grew its position in Union Pacific by 0.6% in the second quarter. New York Life Investment Management LLC now owns 83,895 shares of the railroad operator’s stock worth $18,982,000 after acquiring an additional 486 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related 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 transaction of $875,887.68. Following the completion of the sale, the president now owns 64,945 shares in the company, valued at approximately $16,014,787.55. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Union Pacific in a report on Friday, June 7th. They set an “overweight” rating and a $270.00 price target on the stock. Daiwa America cut Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday. Sanford C. Bernstein decreased their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research note on Monday, July 8th. Barclays cut their price objective on Union Pacific from $290.00 to $280.00 and set an “overweight” rating on the stock in a research note on Friday, July 26th. Finally, StockNews.com cut Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $258.79.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $1.90 during trading hours on Friday, reaching $249.63. The stock had a trading volume of 2,406,225 shares, compared to its average volume of 2,268,389. Union Pacific Co. has a twelve month low of $199.33 and a twelve month high of $258.66. 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 business’s fifty day moving average is $240.55 and its two-hundred day moving average is $239.38. The company has a market cap of $152.07 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.26 and a beta of 1.05.

Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.71 by $0.03. The company had revenue of $6.01 billion for the quarter, compared to analyst estimates of $6.05 billion. Union Pacific had a return on equity of 42.62% and a net margin of 26.90%. The company’s revenue was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.57 EPS. As a group, research analysts expect that Union Pacific Co. will post 11.11 EPS for the current 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 issued 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 dividend on an annualized basis and a dividend yield of 2.15%. Union Pacific’s dividend payout ratio (DPR) is presently 51.15%.

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.