Dana Investment Advisors Inc. Decreases Stake in Union Pacific Co. (NYSE:UNP)

Dana Investment Advisors Inc. reduced its holdings in Union Pacific Co. (NYSE:UNP) by 7.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 2,262 shares of the railroad operator’s stock after selling 186 shares during the period. Dana Investment Advisors Inc.’s holdings in Union Pacific were worth $497,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. raised its stake in Union Pacific by 1.0% during the first quarter. BlackRock Inc. now owns 46,797,183 shares of the railroad operator’s stock worth $10,314,568,000 after purchasing an additional 444,914 shares during the period. Ameriprise Financial Inc. raised its stake in Union Pacific by 3.4% during the first quarter. Ameriprise Financial Inc. now owns 10,982,858 shares of the railroad operator’s stock worth $2,427,089,000 after purchasing an additional 361,413 shares during the period. Geode Capital Management LLC raised its stake in Union Pacific by 1.7% during the first quarter. Geode Capital Management LLC now owns 9,936,581 shares of the railroad operator’s stock worth $2,184,058,000 after purchasing an additional 167,431 shares during the period. Nuveen Asset Management LLC raised its stake in Union Pacific by 9.2% during the first quarter. Nuveen Asset Management LLC now owns 7,674,309 shares of the railroad operator’s stock worth $1,691,494,000 after purchasing an additional 647,017 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Union Pacific by 4.7% during the first quarter. Bank of New York Mellon Corp now owns 7,427,558 shares of the railroad operator’s stock worth $1,637,109,000 after purchasing an additional 334,963 shares during the period. 77.07% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have weighed in on UNP shares. Royal Bank of Canada lifted their price target on shares of Union Pacific from $259.00 to $261.00 and gave the company an “outperform” rating in a research report on Friday, July 23rd. Raymond James boosted their price target on shares of Union Pacific from $260.00 to $265.00 and gave the stock a “strong-buy” rating in a report on Friday, July 23rd. Loop Capital lowered their price target on shares of Union Pacific from $270.00 to $252.00 and set a “buy” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Union Pacific from $252.00 to $256.00 and gave the stock a “buy” rating in a research report on Tuesday, June 15th. Finally, Stifel Nicolaus began coverage on shares of Union Pacific in a research report on Monday, June 21st. They issued a “hold” rating for the company. Six investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $244.89.

Shares of UNP opened at $203.41 on Wednesday. The company has a current ratio of 0.86, a quick ratio of 0.71 and a debt-to-equity ratio of 1.94. Union Pacific Co. has a 1-year low of $171.50 and a 1-year high of $231.26. The business’s 50-day moving average price is $219.08 and its 200 day moving average price is $219.84. The stock has a market capitalization of $132.65 billion, a P/E ratio of 23.17, a P/E/G ratio of 2.07 and a beta of 1.13.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 22nd. The railroad operator reported $2.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.17. The firm had revenue of $5.50 billion during the quarter, compared to analyst estimates of $5.39 billion. Union Pacific had a return on equity of 37.65% and a net margin of 28.60%. The company’s revenue for the quarter was up 29.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.67 EPS. On average, research analysts predict that Union Pacific Co. will post 10.02 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Stockholders of record on Tuesday, August 31st will be given a dividend of $1.07 per share. This represents a $4.28 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, August 30th. Union Pacific’s dividend payout ratio is presently 52.26%.

Union Pacific Profile

Union Pacific Corp. engages in the provision of railroad and freight transportation services. Its principal operating company, Union Pacific Railroad Co, operates as a railroad franchise. The Railroad’s diversified business mix includes agricultural products, automotive, chemicals, coal, industrial products, and intermodal.

Further Reading: 52-week highs

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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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