Allianz SE Sells 4,683 Shares of Union Pacific Corporation (NYSE:UNP)

Key Points

• Allianz SE has decreased its holdings in Union Pacific Corporation by 12.5%, selling 4,683 shares, leaving it with 32,877 shares worth approximately $7.77 million.
• Union Pacific recently reported $3.03 earnings per share for the quarter, which exceeded analysts' expectations, along with a 28.43% net margin and revenue up by 2.4% year-over-year.
• The company has announced a quarterly dividend increase from $1.34 to $1.38 per share, reflecting a 2.5% dividend yield.

Allianz SE decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 12.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,877 shares of the railroad operator's stock after selling 4,683 shares during the quarter. Allianz SE's holdings in Union Pacific were worth $7,767,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of UNP. GAMMA Investing LLC raised its position in Union Pacific by 27,502.8% in the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock valued at $588,510,000 after purchasing an additional 2,482,126 shares during the last quarter. Capital Research Global Investors raised its position in Union Pacific by 14.3% in the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock valued at $2,370,559,000 after purchasing an additional 1,298,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock valued at $1,133,053,000 after purchasing an additional 1,294,643 shares during the last quarter. Castlekeep Investment Advisors LLC bought a new position in Union Pacific in the 4th quarter valued at $273,361,000. Finally, Northern Trust Corp raised its position in Union Pacific by 15.2% in the 4th quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after purchasing an additional 920,414 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock opened at $219.31 on Friday. The stock has a 50-day moving average price of $227.04 and a two-hundred day moving average price of $230.86. The stock has a market cap of $130.06 billion, a PE ratio of 19.05, a price-to-earnings-growth ratio of 2.14 and a beta of 1.06. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the business posted $2.74 EPS. Union Pacific's revenue was up 2.4% on a year-over-year basis. Equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's payout ratio is 46.57%.

Analyst Ratings Changes

Several research analysts recently weighed in on UNP shares. The Goldman Sachs Group restated a "neutral" rating and issued a $263.00 price objective on shares of Union Pacific in a research report on Monday, June 2nd. UBS Group boosted their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Finally, Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research report on Monday, July 7th. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $258.21.

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.

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