Bridges Investment Management Inc. Sells 14,496 Shares of Union Pacific Corporation (NYSE:UNP)

Bridges Investment Management Inc. lowered its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 2.1% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 674,297 shares of the railroad operator's stock after selling 14,496 shares during the quarter. Union Pacific accounts for 2.3% of Bridges Investment Management Inc.'s holdings, making the stock its 10th biggest position. Bridges Investment Management Inc. owned approximately 0.11% of Union Pacific worth $159,296,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Norges Bank acquired a new position in Union Pacific during the fourth quarter worth approximately $1,927,377,000. GAMMA Investing LLC increased its holdings in shares of Union Pacific by 27,502.8% during the 1st quarter. GAMMA Investing LLC now owns 2,491,151 shares of the railroad operator's stock worth $588,510,000 after acquiring an additional 2,482,126 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Union Pacific by 12.6% during the 4th quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock valued at $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Capital Research Global Investors boosted its position in Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after purchasing an additional 1,298,178 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Union Pacific by 35.2% during 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 worth $1,133,053,000 after buying an additional 1,294,643 shares during the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on UNP. Jefferies Financial Group cut their price target on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating for the company in a report on Wednesday, April 9th. Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Susquehanna raised shares of Union Pacific from a "neutral" rating to a "positive" rating and increased their price objective for the company from $245.00 to $260.00 in a research note on Tuesday, June 24th. Barclays lowered their target price on Union Pacific from $285.00 to $260.00 and set an "overweight" rating for the company in a report on Friday, April 25th. Finally, UBS Group cut their price target on Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $255.13.

Union Pacific Stock Up 0.3%

Shares of NYSE:UNP traded up $0.82 on Wednesday, reaching $237.36. The company had a trading volume of 137,412 shares, compared to its average volume of 3,005,391. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $141.82 billion, a PE ratio of 21.38, a PEG ratio of 2.36 and a beta of 1.05. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07. The firm's 50 day simple moving average is $224.89 and its 200-day simple moving average is $230.99.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.73 by ($0.03). Union Pacific had a return on equity of 40.80% and a net margin of 27.76%. The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same period in the previous year, the firm earned $2.69 EPS. The firm's quarterly revenue was down .1% on a year-over-year basis. As a group, analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, May 30th were paid a $1.34 dividend. The ex-dividend date was Friday, May 30th. This represents a $5.36 dividend on an annualized basis and a yield of 2.26%. Union Pacific's dividend payout ratio (DPR) is 48.29%.

About Union Pacific

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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