Sandy Spring Bank Has $2.60 Million Stock Position in Union Pacific Co. (NYSE:UNP)

Sandy Spring Bank lowered its stake in Union Pacific Co. (NYSE:UNP) by 1.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 15,379 shares of the railroad operator’s stock after selling 254 shares during the quarter. Sandy Spring Bank’s holdings in Union Pacific were worth $2,601,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of UNP. Mercer Global Advisors Inc. ADV bought a new stake in shares of Union Pacific in the 1st quarter valued at $4,894,000. Pendal Group Ltd increased its position in shares of Union Pacific by 8.9% in the 1st quarter. Pendal Group Ltd now owns 47,161 shares of the railroad operator’s stock valued at $7,885,000 after buying an additional 3,868 shares in the last quarter. Cerebellum GP LLC increased its position in shares of Union Pacific by 6.0% in the 1st quarter. Cerebellum GP LLC now owns 2,051 shares of the railroad operator’s stock valued at $343,000 after buying an additional 116 shares in the last quarter. Choate Investment Advisors increased its position in shares of Union Pacific by 3.5% in the 1st quarter. Choate Investment Advisors now owns 15,314 shares of the railroad operator’s stock valued at $2,561,000 after buying an additional 520 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Union Pacific by 13.8% in the 2nd quarter. Janney Montgomery Scott LLC now owns 135,942 shares of the railroad operator’s stock valued at $22,989,000 after buying an additional 16,477 shares in the last quarter. 79.02% of the stock is currently owned by institutional investors.

In related news, EVP Robert M. Knight, Jr. sold 8,620 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $180.04, for a total value of $1,551,944.80. Following the completion of the sale, the executive vice president now directly owns 94,943 shares in the company, valued at approximately $17,093,537.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William J. Delaney III bought 5,000 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The stock was purchased at an average price of $174.06 per share, with a total value of $870,300.00. Following the completion of the purchase, 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 owned by company insiders.

A number of analysts recently commented on the stock. Atlantic Securities upgraded shares of Union Pacific from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $175.00 to $195.00 in a research report on Friday, July 26th. Barclays cut shares of Union Pacific from an “overweight” rating to an “equal weight” rating and lowered their price objective for the company from $190.00 to $170.00 in a research report on Thursday, June 13th. Raymond James set a $197.00 target price on Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Union Pacific from a “sell” rating to a “hold” rating and set a $184.00 target price for the company in a report on Monday, July 22nd. Finally, Credit Suisse Group set a $203.00 target price on Union Pacific and gave the stock a “buy” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, nine have given a hold rating and fourteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $182.62.

Shares of NYSE UNP traded down $1.51 during mid-day trading on Thursday, hitting $162.19. The company had a trading volume of 48,055 shares, compared to its average volume of 3,614,512. The company has a market cap of $116.72 billion, a P/E ratio of 20.49, a PEG ratio of 1.85 and a beta of 1.04. The company has a 50-day moving average price of $171.51. The company has a quick ratio of 0.58, a current ratio of 0.72 and a debt-to-equity ratio of 1.26. Union Pacific Co. has a one year low of $128.08 and a one year high of $180.54.

Union Pacific (NYSE:UNP) last announced its quarterly earnings data on Thursday, July 18th. The railroad operator reported $2.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.12 by $0.10. The company had revenue of $5.60 billion during the quarter, compared to analysts’ expectations of $5.62 billion. Union Pacific had a return on equity of 31.74% and a net margin of 26.95%. Union Pacific’s revenue for the quarter was down 1.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.98 EPS. On average, sell-side analysts forecast that Union Pacific Co. will post 8.96 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, August 30th will be issued a $0.97 dividend. This is a boost from Union Pacific’s previous quarterly dividend of $0.88. The ex-dividend date is Thursday, August 29th. This represents a $3.88 annualized dividend and a dividend yield of 2.39%. Union Pacific’s dividend payout ratio (DPR) is presently 44.50%.

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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Institutional Ownership by Quarter for Union Pacific (NYSE:UNP)

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