Peachtree Investment Partners LLC Reduces Stock Holdings in Union Pacific Co. (NYSE:UNP)
Peachtree Investment Partners LLC decreased its holdings in Union Pacific Co. (NYSE:UNP) by 35.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,095 shares of the railroad operator’s stock after selling 2,269 shares during the quarter. Peachtree Investment Partners LLC’s holdings in Union Pacific were worth $692,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also made changes to their positions in UNP. Camarda Financial Advisors LLC lifted its position in Union Pacific by 673.7% during the first quarter. Camarda Financial Advisors LLC now owns 147 shares of the railroad operator’s stock valued at $25,000 after buying an additional 128 shares during the period. Squar Milner Financial Services LLC lifted its position in Union Pacific by 368.6% during the first quarter. Squar Milner Financial Services LLC now owns 164 shares of the railroad operator’s stock valued at $27,000 after buying an additional 129 shares during the period. Mackey Komara & Dankovich LLC purchased a new position in Union Pacific during the first quarter valued at $29,000. Joseph P. Lucia & Associates LLC purchased a new position in Union Pacific during the first quarter valued at $30,000. Finally, Clarfeld Financial Advisors LLC purchased a new position in Union Pacific during the fourth quarter valued at $42,000. 78.93% of the stock is owned by institutional investors.
Several equities analysts have recently weighed in on UNP shares. Barclays restated a “buy” rating on shares of 1&1 Drillisch in a report on Thursday, June 13th. Morgan Stanley set a $620.00 price target on Intuitive Surgical and gave the company a “buy” rating in a report on Friday, July 19th. Goldman Sachs Group downgraded EXPERIAN PLC/ADR from a “buy” rating to a “neutral” rating in a report on Wednesday, July 10th. TD Securities raised their price target on Union Pacific from $170.00 to $180.00 and gave the company a “hold” rating in a report on Monday, April 22nd. Finally, UBS Group set a $260.00 price target on Boston Beer and gave the company a “sell” rating in a report on Friday, July 19th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $182.62.
Union Pacific (NYSE:UNP) last released its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 EPS for the quarter, topping the consensus estimate of $2.12 by $0.10. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. The company had revenue of $5.60 billion during the quarter, compared to the consensus estimate of $5.62 billion. During the same period last year, the company earned $1.98 EPS. Union Pacific’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, equities analysts predict that Union Pacific Co. will post 8.96 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, August 30th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 2.23%. This is an increase from Union Pacific’s previous quarterly dividend of $0.88. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.
In related news, EVP Robert M. Knight, Jr. sold 1,380 shares of Union Pacific stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $180.01, for a total value of $248,413.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,090,689.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director William J. Delaney III acquired 5,000 shares of Union Pacific stock in a transaction that occurred on Monday, May 20th. The stock was acquired at an average price of $174.06 per share, with a total value of $870,300.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $870,300. The disclosure for this purchase can be found here. 9.96% of the stock is currently owned by company insiders.
About Union Pacific
Union Pacific Corporation, through its subsidiary, Union Pacific Railroad Company, engages in the railroad business in the United States. It offers transportation services for agricultural products, including grains, commodities produced from grains, fertilizers, and food and beverage products; coal and sand, as well as petroleum, liquid petroleum gases, and renewables; and construction products, industrial chemicals, plastics, forest products, specialized products, metals and ores, and soda ash, as well as intermodal and finished vehicles.
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