Boston Family Office LLC Sells 3,238 Shares of Union Pacific Corporation $UNP

Key Points

• Boston Family Office LLC reduced its stake in Union Pacific Corporation by 2.5% to 126,903 shares, which accounts for approximately 2.1% of its total holdings.
• Multiple institutional investors increased their stakes in Union Pacific, with Nuveen LLC investing nearly $1 billion in new shares during the same period.
• Union Pacific recently announced an increase in its quarterly dividend to $1.38 per share, representing a 2.5% dividend yield with a payout ratio of 46.57%.

Boston Family Office LLC decreased its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.5% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 126,903 shares of the railroad operator's stock after selling 3,238 shares during the quarter. Union Pacific accounts for about 2.1% of Boston Family Office LLC's investment portfolio, making the stock its 7th largest holding. Boston Family Office LLC's holdings in Union Pacific were worth $29,980,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Nations Financial Group Inc. IA ADV boosted its position in shares of Union Pacific by 2.7% in the 1st quarter. Nations Financial Group Inc. IA ADV now owns 3,854 shares of the railroad operator's stock valued at $911,000 after purchasing an additional 101 shares during the period. American Century Companies Inc. boosted its position in shares of Union Pacific by 3.8% in the 1st quarter. American Century Companies Inc. now owns 1,229,092 shares of the railroad operator's stock valued at $290,361,000 after purchasing an additional 44,738 shares during the period. Ethic Inc. boosted its position in shares of Union Pacific by 9.3% in the 1st quarter. Ethic Inc. now owns 34,421 shares of the railroad operator's stock valued at $8,164,000 after purchasing an additional 2,936 shares during the period. EverSource Wealth Advisors LLC boosted its position in shares of Union Pacific by 24.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 5,005 shares of the railroad operator's stock valued at $1,182,000 after purchasing an additional 988 shares during the period. Finally, Element Capital Management LLC acquired a new position in shares of Union Pacific in the 1st quarter valued at $2,707,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Up 0.9%

Shares of UNP traded up $2.0560 during midday trading on Wednesday, reaching $225.8260. 2,640,395 shares of the stock were exchanged, compared to its average volume of 3,354,720. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a 50 day simple moving average of $226.91 and a 200-day simple moving average of $229.05. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The company has a market cap of $133.92 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 2.14 and a beta of 1.05.

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 for the quarter, topping analysts' consensus estimates of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $2.74 EPS. Research analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is currently 46.57%.

Wall Street Analyst Weigh In

UNP has been the subject of several research analyst reports. Robert W. Baird initiated coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price objective for the company. Citigroup downgraded Union Pacific from a "strong-buy" rating to a "hold" rating and reduced their price objective for the stock from $270.00 to $250.00 in a research note on Wednesday, July 30th. Raymond James Financial reissued a "strong-buy" rating on shares of Union Pacific in a research note on Tuesday, July 15th. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. Finally, UBS Group increased their price objective on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Union Pacific currently 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.