Callan Family Office LLC Sells 2,408 Shares of Union Pacific Corporation (NYSE:UNP)

Key Points

• Callan Family Office LLC reduced its holdings in Union Pacific Corporation by 16.1%, now owning shares worth $2.96 million.
• The company recently reported a quarterly earnings per share of $3.03, exceeding expectations, alongside a revenue of $6.15 billion.
• Union Pacific announced an increase in its quarterly dividend from $1.34 to $1.38, with a dividend yield of 2.5%.

Callan Family Office LLC decreased its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 16.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,546 shares of the railroad operator's stock after selling 2,408 shares during the quarter. Callan Family Office LLC's holdings in Union Pacific were worth $2,964,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC acquired a new position in shares of Union Pacific during the 1st quarter worth approximately $988,822,000. 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. Capital Research Global Investors increased its holdings in shares of Union Pacific by 14.3% during the 4th quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings 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 acquiring an additional 1,294,643 shares during the last quarter. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Union Pacific during the 4th quarter worth approximately $273,361,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Trading Down 0.4%

Shares of UNP stock traded down $0.97 on Friday, hitting $220.55. The company had a trading volume of 3,739,243 shares, compared to its average volume of 5,544,143. The firm has a market cap of $130.79 billion, a P/E ratio of 19.16, a P/E/G ratio of 2.15 and a beta of 1.05. The stock's 50-day moving average is $227.06 and its two-hundred day moving average is $229.57. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share for the quarter, beating the consensus estimate of $2.84 by $0.19. The company had revenue of $6.15 billion during the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $2.74 earnings per share. On average, equities research analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

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

Analyst Upgrades and Downgrades

UNP has been the topic of a number of recent analyst reports. UBS Group boosted their target price on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Wells Fargo & Company boosted their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Argus downgraded Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Finally, Robert W. Baird began coverage on Union Pacific in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $231.00 price target for the company. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $258.21.

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.