Beck Mack & Oliver LLC Has $36.75 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Beck Mack & Oliver LLC reduced its holdings in Union Pacific Corporation by 5.3%, selling 8,726 shares to end with 155,557 shares valued at approximately $36.75 million.
• Union Pacific recently declared an increase in its quarterly dividend to $1.38 per share, resulting in an annualized yield of 2.5% and a payout ratio of 46.57%.
• The company's recent earnings report showed earnings per share of $3.03, exceeding analyst expectations, alongside a revenue of $6.15 billion, a 2.4% increase compared to the same quarter last year.

Beck Mack & Oliver LLC lessened its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 155,557 shares of the railroad operator's stock after selling 8,726 shares during the period. Beck Mack & Oliver LLC's holdings in Union Pacific were worth $36,749,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Highline Wealth Partners LLC lifted its stake in shares of Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock worth $27,000 after acquiring an additional 59 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new position in Union Pacific during the first quarter worth $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC increased its position in Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares during the period. Finally, IMA Advisory Services Inc. acquired a new stake in Union Pacific in the first quarter valued at $43,000. 80.38% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on UNP shares. UBS Group upped their price target on shares of Union Pacific from $238.00 to $240.00 and gave the company a "neutral" rating in a report on Friday, July 25th. Morgan Stanley lowered their target price on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a research note on Monday, July 7th. BMO Capital Markets boosted their price target on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research note on Friday, July 25th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Finally, Bank of America increased their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $0.49 during midday trading on Wednesday, reaching $221.50. The company had a trading volume of 4,331,086 shares, compared to its average volume of 3,882,077. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The stock has a market cap of $131.36 billion, a P/E ratio of 19.24, a P/E/G ratio of 2.17 and a beta of 1.03. The business's 50-day simple moving average is $226.86 and its 200 day simple moving average is $227.52. 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 posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.84 by $0.19. The business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.74 earnings per share. On average, analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a yield of 2.5%. Union Pacific's payout ratio is 47.96%.

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.