Steigerwald Gordon & Koch Inc. Sells 75 Shares of Union Pacific Co. (NYSE:UNP)

Steigerwald Gordon & Koch Inc. decreased its stake in Union Pacific Co. (NYSE:UNP) by 7.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 986 shares of the railroad operator’s stock after selling 75 shares during the period. Steigerwald Gordon & Koch Inc.’s holdings in Union Pacific were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OLD Point Trust & Financial Services N A acquired a new position in Union Pacific in the 4th quarter valued at approximately $25,000. Richardson Capital Management LLC acquired a new position in Union Pacific in the 1st quarter valued at approximately $26,000. Raleigh Capital Management Inc. increased its position in shares of Union Pacific by 211.4% during the fourth quarter. Raleigh Capital Management Inc. now owns 109 shares of the railroad operator’s stock worth $27,000 after buying an additional 74 shares during the period. Scarborough Advisors LLC acquired a new stake in shares of Union Pacific during the fourth quarter worth $29,000. Finally, Cultivar Capital Inc. acquired a new stake in shares of Union Pacific during the second quarter worth $27,000. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on UNP shares. Barclays decreased their price objective on shares of Union Pacific from $290.00 to $280.00 and set an “overweight” rating for the company in a research report on Friday, July 26th. Royal Bank of Canada reduced their price target on shares of Union Pacific from $281.00 to $275.00 and set an “outperform” rating for the company in a report on Friday, July 26th. Sanford C. Bernstein reduced their price target on shares of Union Pacific from $290.00 to $273.00 and set an “outperform” rating for the company in a report on Monday, July 8th. Wells Fargo & Company started coverage on shares of Union Pacific in a report on Friday, June 7th. They issued an “overweight” rating and a $270.00 price target for the company. Finally, Loop Capital cut shares of Union Pacific from a “buy” rating to a “hold” rating and reduced their price target for the stock from $276.00 to $238.00 in a report on Monday, June 17th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $258.79.

Union Pacific Stock Performance

NYSE UNP traded up $0.25 during trading hours on Tuesday, reaching $251.36. 18,280 shares of the company were exchanged, compared to its average volume of 2,254,849. The stock has a market capitalization of $153.13 billion, a P/E ratio of 23.96, a P/E/G ratio of 2.21 and a beta of 1.05. The company has a quick ratio of 0.86, a current ratio of 1.05 and a debt-to-equity ratio of 1.89. The business’s 50 day simple moving average is $241.08 and its 200-day simple moving average is $239.22. Union Pacific Co. has a 1 year low of $199.33 and a 1 year high of $258.66.

Union Pacific (NYSE:UNP) last posted its earnings results on Thursday, July 25th. The railroad operator reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.71 by $0.03. The firm had revenue of $6.01 billion during the quarter, compared to the consensus estimate of $6.05 billion. Union Pacific had a net margin of 26.90% and a return on equity of 42.62%. The company’s revenue was up .7% on a year-over-year basis. During the same quarter last year, the company earned $2.57 earnings per share. On average, equities research analysts expect that Union Pacific Co. will post 11.11 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 is a positive change from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.13%. Union Pacific’s payout ratio is presently 51.15%.

Insider Buying and Selling at Union Pacific

In other Union Pacific news, President Elizabeth F. Whited sold 3,552 shares of the business’s stock in a transaction on Tuesday, July 30th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.28% of the stock is currently owned by company insiders.

Union Pacific Company 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.