Meyer Handelman Co. Sells 260 Shares of Union Pacific Co. (NYSE:UNP)

Meyer Handelman Co. decreased its stake in Union Pacific Co. (NYSE:UNP) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 10,590 shares of the railroad operator’s stock after selling 260 shares during the period. Meyer Handelman Co.’s holdings in Union Pacific were worth $2,415,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL purchased a new position in Union Pacific in the second quarter valued at approximately $28,000. Catalyst Capital Advisors LLC purchased a new stake in Union Pacific in the 3rd quarter worth about $30,000. Fairscale Capital LLC purchased a new stake in Union Pacific during the second quarter valued at about $31,000. Jamison Private Wealth Management Inc. increased its stake in shares of Union Pacific by 265.7% in the third quarter. Jamison Private Wealth Management Inc. now owns 128 shares of the railroad operator’s stock worth $32,000 after purchasing an additional 93 shares in the last quarter. Finally, Peterson Financial Group Inc. bought a new stake in shares of Union Pacific in the third quarter valued at approximately $32,000. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Union Pacific Trading Up 1.1 %

NYSE UNP opened at $229.25 on Wednesday. The stock’s 50-day simple moving average is $234.49 and its two-hundred day simple moving average is $238.87. Union Pacific Co. has a twelve month low of $218.55 and a twelve month high of $258.66. The company has a quick ratio of 0.63, a current ratio of 0.77 and a debt-to-equity ratio of 1.79. The company has a market capitalization of $138.98 billion, a price-to-earnings ratio of 21.05, a PEG ratio of 2.33 and a beta of 1.06.

Union Pacific (NYSE:UNP) last released its earnings results on Thursday, October 24th. The railroad operator reported $2.75 earnings per share for the quarter, missing analysts’ consensus estimates of $2.78 by ($0.03). Union Pacific had a return on equity of 41.79% and a net margin of 27.33%. The firm had revenue of $6.09 billion during the quarter, compared to the consensus estimate of $6.14 billion. During the same quarter in the previous year, the firm earned $2.51 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. Research analysts forecast that Union Pacific Co. will post 10.94 EPS for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 9th were issued a dividend of $1.34 per share. This represents a $5.36 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Monday, December 9th. Union Pacific’s dividend payout ratio is currently 49.22%.

Analyst Ratings Changes

Several research firms recently commented on UNP. JPMorgan Chase & Co. cut their price objective on shares of Union Pacific from $263.00 to $252.00 and set a “neutral” rating for the company in a report on Friday, October 25th. Raymond James lifted their price target on Union Pacific from $260.00 to $265.00 and gave the company a “strong-buy” rating in a research report on Friday, January 10th. Barclays increased their price objective on Union Pacific from $275.00 to $285.00 and gave the stock an “overweight” rating in a report on Wednesday, November 13th. Robert W. Baird reduced their target price on Union Pacific from $270.00 to $260.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com downgraded shares of Union Pacific from a “buy” rating to a “hold” rating in a report on Tuesday, October 1st. Nine research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $259.80.

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.