Capital Asset Advisory Services LLC Decreases Holdings in Union Pacific Corporation $UNP

Capital Asset Advisory Services LLC trimmed its position in shares of Union Pacific Corporation (NYSE:UNP) by 50.1% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,061 shares of the railroad operator’s stock after selling 8,082 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Union Pacific were worth $2,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. EJMK Ventures LLC grew its holdings in shares of Union Pacific by 4.0% in the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator’s stock worth $247,000 after acquiring an additional 39 shares during the period. Semus Wealth Partners LLC bought a new position in Union Pacific in the first quarter valued at about $221,000. Cane Capital Partners LLC boosted its position in Union Pacific by 1.2% in the first quarter. Cane Capital Partners LLC now owns 5,404 shares of the railroad operator’s stock worth $1,311,000 after purchasing an additional 62 shares during the last quarter. IFM Investors Pty Ltd boosted its position in Union Pacific by 6.4% in the first quarter. IFM Investors Pty Ltd now owns 159,654 shares of the railroad operator’s stock worth $38,735,000 after purchasing an additional 9,623 shares during the last quarter. Finally, Rexford Capital Inc. grew its stake in shares of Union Pacific by 23.5% during the 1st quarter. Rexford Capital Inc. now owns 3,089 shares of the railroad operator’s stock valued at $749,000 after purchasing an additional 588 shares during the period. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Eric J. Gehringer sold 2,991 shares of Union Pacific stock in a transaction on Wednesday, June 3rd. The shares were sold at an average price of $263.96, for a total transaction of $789,504.36. Following the transaction, the executive vice president owned 43,012 shares in the company, valued at approximately $11,353,447.52. The trade was a 6.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jennifer L. Hamann sold 2,000 shares of Union Pacific stock in a transaction on Friday, April 24th. The shares were sold at an average price of $274.70, for a total transaction of $549,400.00. Following the transaction, the chief financial officer owned 114,642 shares in the company, valued at approximately $31,492,157.40. This trade represents a 1.71% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 32,378 shares of company stock worth $8,781,595 in the last three months. Company insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on UNP shares. JPMorgan Chase & Co. upped their price target on shares of Union Pacific from $267.00 to $275.00 and gave the company a “neutral” rating in a research report on Friday, April 24th. Citigroup reissued a “buy” rating and issued a $307.00 price objective (up from $285.00) on shares of Union Pacific in a report on Friday, April 24th. TD Cowen boosted their target price on shares of Union Pacific from $256.00 to $282.00 and gave the company a “buy” rating in a research report on Friday, April 24th. UBS Group reiterated a “neutral” rating and issued a $274.00 price target (up from $253.00) on shares of Union Pacific in a research report on Friday, April 24th. Finally, Robert W. Baird set a $311.00 price target on shares of Union Pacific and gave the stock an “outperform” rating in a research note on Friday, March 6th. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $283.11.

Union Pacific Trading Up 2.1%

Shares of NYSE:UNP opened at $277.79 on Thursday. The stock has a 50 day moving average of $266.41 and a 200 day moving average of $251.76. The company has a market cap of $164.93 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.96. Union Pacific Corporation has a 12-month low of $210.84 and a 12-month high of $279.70. The company has a current ratio of 0.92, a quick ratio of 0.73 and a debt-to-equity ratio of 1.53.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, April 23rd. The railroad operator reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The company had revenue of $6.22 billion for the quarter, compared to analysts’ expectations of $6.12 billion. During the same quarter last year, the business earned $2.70 EPS. The firm’s revenue was up 3.2% compared to the same quarter last year. As a group, equities research analysts expect that Union Pacific Corporation will post 12.55 EPS for the current year.

Union Pacific Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, May 29th were paid a $1.38 dividend. The ex-dividend date of this dividend was Friday, May 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.0%. Union Pacific’s dividend payout ratio is 45.47%.

Union Pacific Company Profile

Union Pacific Corporation (NYSE: UNP) is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific’s core business is the movement of freight by rail across an extensive rail network serving the western two?thirds of the United States.