Chevy Chase Trust Holdings LLC Sells 4,645 Shares of Union Pacific Co. (NYSE:UNP)

Chevy Chase Trust Holdings LLC cut its holdings in shares of Union Pacific Co. (NYSE:UNP) by 1.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 342,963 shares of the railroad operator’s stock after selling 4,645 shares during the period. Chevy Chase Trust Holdings LLC owned about 0.06% of Union Pacific worth $77,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. OLD Point Trust & Financial Services N A acquired a new stake in Union Pacific in the fourth quarter valued at about $25,000. Richardson Capital Management LLC bought a new stake in shares of Union Pacific during the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its position in Union Pacific by 211.4% during the 4th quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after purchasing an additional 74 shares in the last quarter. Scarborough Advisors LLC bought a new position in Union Pacific in the 4th 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 institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on UNP shares. Raymond James reiterated a “strong-buy” rating and set a $280.00 price target (up from $275.00) on shares of Union Pacific in a report on Friday, April 26th. Sanford C. Bernstein dropped their target price on Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a research report on Monday, July 8th. Royal Bank of Canada reduced their price target on Union Pacific from $281.00 to $275.00 and set an “outperform” rating on the stock in a report on Friday, July 26th. Stifel Nicolaus dropped their price objective on shares of Union Pacific from $267.00 to $265.00 and set a “buy” rating for the company in a report on Wednesday, July 17th. Finally, Evercore ISI lifted their target price on shares of Union Pacific from $271.00 to $273.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Union Pacific presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Stock Up 0.2 %

NYSE UNP traded up $0.43 on Tuesday, hitting $246.50. 1,552,013 shares of the company were exchanged, compared to its average volume of 2,274,306. Union Pacific Co. has a 12 month low of $199.33 and a 12 month high of $258.66. The company has a current ratio of 1.05, a quick ratio of 0.86 and a debt-to-equity ratio of 1.89. The company has a market cap of $150.17 billion, a PE ratio of 23.58, a PEG ratio of 2.17 and a beta of 1.06. The stock has a fifty day moving average of $233.11 and a 200-day moving average of $239.00.

Union Pacific (NYSE:UNP) last issued its earnings results on Thursday, July 25th. The railroad operator reported $2.74 EPS for the quarter, beating analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion during 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 firm’s revenue was up .7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.57 EPS. As a group, analysts forecast that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be given a dividend of $1.34 per share. This is a positive change 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 2.17%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio (DPR) is presently 49.62%.

Insider Buying and Selling

In other Union Pacific 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 value 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 transaction was disclosed in a document filed with the SEC, which is available at this link. 0.28% of the stock is owned by corporate insiders.

Union Pacific Profile

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.