Amalgamated Bank Reduces Stock Holdings in Union Pacific Co. (NYSE:UNP)

Amalgamated Bank reduced its position in Union Pacific Co. (NYSE:UNP) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 126,999 shares of the railroad operator’s stock after selling 1,208 shares during the period. Amalgamated Bank’s holdings in Union Pacific were worth $28,735,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Meiji Yasuda Asset Management Co Ltd. lifted its stake in shares of Union Pacific by 2.3% in the 2nd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 39,696 shares of the railroad operator’s stock valued at $8,982,000 after purchasing an additional 888 shares during the period. Meiji Yasuda Life Insurance Co lifted its stake in shares of Union Pacific by 12.8% in the 2nd quarter. Meiji Yasuda Life Insurance Co now owns 29,550 shares of the railroad operator’s stock valued at $6,686,000 after purchasing an additional 3,345 shares during the period. Mutual of America Capital Management LLC raised its position in Union Pacific by 3.6% during the second quarter. Mutual of America Capital Management LLC now owns 88,347 shares of the railroad operator’s stock worth $19,989,000 after acquiring an additional 3,084 shares during the period. Axxcess Wealth Management LLC raised its position in Union Pacific by 0.8% during the second quarter. Axxcess Wealth Management LLC now owns 16,952 shares of the railroad operator’s stock worth $3,836,000 after acquiring an additional 136 shares during the period. Finally, Perennial Investment Advisors LLC raised its position in Union Pacific by 6.0% during the second quarter. Perennial Investment Advisors LLC now owns 2,637 shares of the railroad operator’s stock worth $597,000 after acquiring an additional 149 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 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 $16,014,787.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.28% of the stock is currently owned by corporate insiders.

Union Pacific Price Performance

Shares of UNP opened at $253.55 on Wednesday. Union Pacific Co. has a fifty-two week low of $199.33 and a fifty-two week high of $258.66. The company has a market capitalization of $154.70 billion, a price-to-earnings ratio of 24.19, a price-to-earnings-growth ratio of 2.20 and a beta of 1.05. The firm has a 50-day simple moving average of $244.22 and a 200-day simple moving average of $239.08. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.86 and a current ratio of 1.05.

Union Pacific (NYSE:UNP) last announced 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 business 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 business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.57 earnings per share. On average, equities research analysts anticipate 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 issued a dividend of $1.34 per share. This is a boost from Union Pacific’s previous quarterly dividend of $1.30. This represents a $5.36 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Friday, August 30th. Union Pacific’s dividend payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

UNP has been the subject of a number of recent research reports. StockNews.com cut shares of Union Pacific from a “buy” rating to a “hold” rating in a research report on Tuesday, June 18th. Daiwa America cut shares of Union Pacific from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 4th. Susquehanna dropped their price objective on shares of Union Pacific from $270.00 to $250.00 and set a “neutral” rating for the company in a report on Tuesday, June 25th. TD Cowen dropped their price objective on shares of Union Pacific from $259.00 to $255.00 and set a “buy” rating for the company in a report on Friday, July 26th. Finally, Benchmark reissued a “buy” rating and issued a $266.00 price objective on shares of Union Pacific in a report on Monday, July 29th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Union Pacific currently has an average rating of “Moderate Buy” and a consensus target price of $258.79.

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.