Marcum Wealth LLC Cuts Holdings in Union Pacific Co. (NYSE:UNP)

Marcum Wealth LLC reduced its position in Union Pacific Co. (NYSE:UNP) by 16.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,677 shares of the railroad operator’s stock after selling 531 shares during the quarter. Marcum Wealth LLC’s holdings in Union Pacific were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in UNP. Silver Oak Advisory Group Inc. purchased a new position in Union Pacific in the fourth quarter valued at about $219,000. Allegheny Financial Group LTD grew its stake in shares of Union Pacific by 22.5% during the fourth quarter. Allegheny Financial Group LTD now owns 10,885 shares of the railroad operator’s stock valued at $2,674,000 after acquiring an additional 2,000 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Union Pacific during the fourth quarter valued at about $238,000. BNP Paribas acquired a new stake in shares of Union Pacific during the first quarter valued at about $1,088,000. Finally, Stifel Financial Corp grew its stake in shares of Union Pacific by 10.8% during the fourth quarter. Stifel Financial Corp now owns 2,273,959 shares of the railroad operator’s stock valued at $558,542,000 after acquiring an additional 222,318 shares in the last quarter. 80.38% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on UNP shares. Loop Capital downgraded Union Pacific from a “buy” rating to a “hold” rating and lowered their target price for the company from $276.00 to $238.00 in a research note on Monday, June 17th. Royal Bank of Canada cut 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. TD Cowen dropped their price target on Union Pacific from $259.00 to $255.00 and set a “buy” rating on the stock in a report on Friday, July 26th. Wells Fargo & Company assumed coverage on Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target on the stock. Finally, The Goldman Sachs Group boosted their target price on shares of Union Pacific from $248.00 to $274.00 and gave the company a “buy” rating in a research note on Thursday, April 11th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.79.

Insider Buying and Selling at Union Pacific

In related news, insider Whited Elizabeth 3,553 shares of the company’s stock in a transaction dated Tuesday, July 30th. The was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 transaction, the president now directly owns 64,945 shares of the company’s stock, valued at approximately $16,014,787.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Whited Elizabeth 3,553 shares of the business’s stock in a transaction that occurred on Tuesday, July 30th. The disclosure for this trade can be found here. Corporate insiders own 0.28% of the company’s stock.

Union Pacific Price Performance

Shares of NYSE:UNP traded down $5.10 during midday trading on Monday, hitting $234.87. The stock had a trading volume of 2,494,232 shares, compared to its average volume of 2,307,952. The company’s 50-day moving average price is $230.71 and its 200-day moving average price is $239.25. The company has a market capitalization of $143.08 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 2.12 and a beta of 1.06. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66.

Union Pacific (NYSE:UNP) last issued its quarterly earnings data on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping analysts’ consensus estimates of $2.71 by $0.03. The business had revenue of $6.01 billion for 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%. Union Pacific’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.57 EPS. As a group, equities research analysts predict that Union Pacific Co. will post 11.12 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.28%. This is a positive change from Union Pacific’s previous quarterly dividend of $1.30. Union Pacific’s payout ratio is currently 49.62%.

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.