Belpointe Asset Management LLC Sells 1,497 Shares of Union Pacific Corporation $UNP

Key Points

• Belpointe Asset Management LLC reduced its stake in Union Pacific Corporation by 19.1%, selling 1,497 shares during the first quarter, making its total holdings worth $1,501,000 as per its latest SEC filing.
• Union Pacific announced an increase in its quarterly dividend to $1.38, up from the previous $1.34, representing a annualized yield of 2.6%.
• Despite recent stake reductions from some investors, institutional ownership in Union Pacific remains high at 80.38%, illustrating strong confidence in the company's performance.

Belpointe Asset Management LLC lessened its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 19.1% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,353 shares of the railroad operator's stock after selling 1,497 shares during the quarter. Belpointe Asset Management LLC's holdings in Union Pacific were worth $1,501,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of UNP. Janus Henderson Group PLC grew its stake in shares of Union Pacific by 40.7% in the fourth quarter. Janus Henderson Group PLC now owns 141,398 shares of the railroad operator's stock worth $32,253,000 after purchasing an additional 40,915 shares during the last quarter. NorthRock Partners LLC grew its stake in shares of Union Pacific by 67.7% in the fourth quarter. NorthRock Partners LLC now owns 7,733 shares of the railroad operator's stock worth $1,763,000 after purchasing an additional 3,122 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of Union Pacific by 51.3% in the fourth quarter. Quantinno Capital Management LP now owns 63,119 shares of the railroad operator's stock worth $14,394,000 after purchasing an additional 21,403 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Union Pacific by 13.4% in the fourth quarter. ProShare Advisors LLC now owns 87,953 shares of the railroad operator's stock worth $20,057,000 after purchasing an additional 10,394 shares during the last quarter. Finally, Prana Capital Management LP boosted its position in Union Pacific by 70.1% during the fourth quarter. Prana Capital Management LP now owns 9,416 shares of the railroad operator's stock valued at $2,147,000 after acquiring an additional 3,881 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

UNP stock opened at $215.96 on Friday. The stock has a market capitalization of $128.08 billion, a PE ratio of 18.76, a price-to-earnings-growth ratio of 2.09 and a beta of 1.03. The company's 50-day moving average is $224.89 and its 200-day moving average is $226.27. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion for the quarter, compared to analysts' expectations of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.74 EPS. Equities research analysts expect 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. Investors of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

Wall Street Analyst Weigh In

A number of brokerages have commented on UNP. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research report on Wednesday, July 30th. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada upped their price target on shares of Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $285.00 in a research report on Friday, July 25th. Finally, Robert W. Baird began coverage on shares of Union Pacific in a research report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average 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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