Union Pacific Corporation $UNP Shares Sold by Cambiar Investors LLC

Key Points

• Cambiar Investors LLC has reduced its stake in Union Pacific Corporation by 22.7%, now holding 199,331 shares valued at approximately $47 million.
• Analysts have an average rating of "Moderate Buy" for Union Pacific, with target prices ranging from $231 to $286.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38 per share, reflecting a 2.5% yield.

Cambiar Investors LLC reduced its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 22.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,331 shares of the railroad operator's stock after selling 58,644 shares during the period. Union Pacific comprises 2.0% of Cambiar Investors LLC's portfolio, making the stock its 16th largest holding. Cambiar Investors LLC's holdings in Union Pacific were worth $47,090,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Capital Research Global Investors increased its stake in shares of Union Pacific by 14.3% in 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 in the last quarter. Northern Trust Corp lifted its position in Union Pacific by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock valued at $1,587,763,000 after purchasing an additional 920,414 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Union Pacific by 1.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 6,594,882 shares of the railroad operator's stock valued at $1,503,899,000 after acquiring an additional 105,111 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Union Pacific by 35.2% in the fourth 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 valued at $1,133,053,000 after acquiring an additional 1,294,643 shares during the period. Finally, Nuveen Asset Management LLC increased its stake in Union Pacific by 2.1% in the 4th quarter. Nuveen Asset Management LLC now owns 4,372,636 shares of the railroad operator's stock worth $997,136,000 after buying an additional 89,199 shares during the period. Institutional investors own 80.38% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on UNP. Sanford C. Bernstein raised their price target on shares of Union Pacific from $271.00 to $286.00 and gave the stock an "outperform" rating in a research note on Monday, July 21st. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Bank of America raised their price target on shares of Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a report on Friday, May 16th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Finally, UBS Group raised 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. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Stock Performance

Shares of NYSE:UNP traded up $3.3690 during trading on Tuesday, hitting $223.4490. 4,899,191 shares of the stock traded hands, compared to its average volume of 5,460,096. 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 $132.51 billion, a price-to-earnings ratio of 19.41, a P/E/G ratio of 2.14 and a beta of 1.05. The company has a fifty day moving average price of $226.91 and a two-hundred day moving average price of $229.05. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $258.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its 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 firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The business's quarterly revenue was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm earned $2.74 EPS. As a group, equities analysts predict that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared 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. This represents a $5.52 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 29th. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is presently 46.57%.

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.