Amalgamated Bank Reduces Stock Position in Union Pacific Co. (NYSE:UNP)

Amalgamated Bank cut its stake in Union Pacific Co. (NYSE:UNP) by 0.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 126,999 shares of the railroad operator’s stock after selling 1,208 shares during the quarter. Amalgamated Bank’s holdings in Union Pacific were worth $28,735,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Meiji Yasuda Asset Management Co Ltd. grew its position in shares of Union Pacific by 2.3% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,696 shares of the railroad operator’s stock valued at $8,982,000 after purchasing an additional 888 shares during the last quarter. Meiji Yasuda Life Insurance Co grew its position in shares of Union Pacific by 12.8% in the second quarter. Meiji Yasuda Life Insurance Co now owns 29,550 shares of the railroad operator’s stock valued at $6,686,000 after purchasing an additional 3,345 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in Union Pacific by 3.6% during the second quarter. Mutual of America Capital Management LLC now owns 88,347 shares of the railroad operator’s stock worth $19,989,000 after acquiring an additional 3,084 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in Union Pacific by 0.8% during the second quarter. Axxcess Wealth Management LLC now owns 16,952 shares of the railroad operator’s stock worth $3,836,000 after acquiring an additional 136 shares during the last quarter. Finally, Perennial Investment Advisors LLC boosted its position in Union Pacific by 6.0% during the second quarter. Perennial Investment Advisors LLC now owns 2,637 shares of the railroad operator’s stock worth $597,000 after acquiring an additional 149 shares during the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Union Pacific Trading Up 0.4 %

NYSE UNP opened at $253.55 on Wednesday. Union Pacific Co. has a one year low of $199.33 and a one year high of $258.66. The company has a 50-day simple moving average of $244.22 and a 200-day simple moving average of $239.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05. The firm has a market capitalization of $154.70 billion, a PE ratio of 24.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05.

Union Pacific (NYSE:UNP) last posted its quarterly earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating the consensus estimate of $2.71 by $0.03. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business had revenue of $6.01 billion during the quarter, compared to analyst estimates of $6.05 billion. During the same period in the previous year, the business posted $2.57 EPS. The company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $1.34 dividend. The ex-dividend date is Friday, August 30th. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a dividend yield of 2.11%. Union Pacific’s payout ratio is 51.15%.

Wall Street Analysts Forecast Growth

UNP has been the topic of a number of analyst reports. Susquehanna decreased their target price on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 25th. Wells Fargo & Company began coverage on shares of Union Pacific in a research report on Friday, June 7th. They set an “overweight” rating and a $270.00 target price on the stock. TD Cowen decreased their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Loop Capital lowered shares of Union Pacific from a “buy” rating to a “hold” rating and decreased their price target for the company from $276.00 to $238.00 in a report on Monday, June 17th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $275.00 price target on shares of Union Pacific in a report on Thursday, September 12th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Union Pacific has a consensus rating of “Moderate Buy” and an average target price of $258.79.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s 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 transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by company insiders.

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.