Revolve Wealth Partners LLC Sells 56 Shares of Union Pacific Co. (NYSE:UNP)

Revolve Wealth Partners LLC lowered its stake in shares of Union Pacific Co. (NYSE:UNP) by 5.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 946 shares of the railroad operator’s stock after selling 56 shares during the period. Revolve Wealth Partners LLC’s holdings in Union Pacific were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. OLD Point Trust & Financial Services N A bought a new position in Union Pacific in the fourth quarter worth about $25,000. Richardson Capital Management LLC bought a new position in shares of Union Pacific during the 1st quarter worth approximately $26,000. Raleigh Capital Management Inc. lifted its position in Union Pacific by 211.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock valued at $27,000 after acquiring an additional 74 shares during the last quarter. Scarborough Advisors LLC purchased a new stake in Union Pacific during the fourth quarter valued at approximately $29,000. Finally, Tributary Capital Management LLC acquired a new stake in Union Pacific in the first quarter valued at approximately $30,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Stock Performance

NYSE:UNP traded up $0.82 during trading hours on Friday, reaching $244.53. The company had a trading volume of 1,951,386 shares, compared to its average volume of 2,282,628. The company has a debt-to-equity ratio of 1.89, a current ratio of 1.05 and a quick ratio of 0.86. Union Pacific Co. has a 1-year low of $199.33 and a 1-year high of $258.66. The business’s 50 day moving average price is $232.77 and its 200-day moving average price is $239.06. The firm has a market cap of $148.97 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.06.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to analysts’ expectations of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The business’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.57 EPS. Research analysts forecast that Union Pacific Co. will post 11.12 EPS for the current year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be given 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 2.19%. Union Pacific’s dividend payout ratio (DPR) is 49.62%.

Analysts Set New Price Targets

UNP has been the subject of several analyst reports. Morgan Stanley increased their price objective on Union Pacific from $198.00 to $210.00 and gave the company an “equal weight” rating in a report on Friday, April 26th. Sanford C. Bernstein lowered their price target on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Raymond James restated a “strong-buy” rating and set a $280.00 price objective (up previously from $275.00) on shares of Union Pacific in a report on Friday, April 26th. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research note on Tuesday, June 18th. Finally, TD Cowen cut their price target on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a research note on Friday, July 26th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.79.

Insider Activity at Union Pacific

In other news, President Elizabeth F. Whited sold 3,552 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The stock was 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 sale was disclosed in a filing with the SEC, which is available at this link. 0.28% of the stock is 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.