Commerzbank Aktiengesellschaft FI Has $5.71 Million Position in Union Pacific Corporation $UNP

Key Points

• Commerzbank Aktiengesellschaft FI reduced its Union Pacific stake by 20.2% in the first quarter, selling 5,970 shares and ending with 23,522 shares worth about $5.71 million.
• Union Pacific reported better-than-expected quarterly results, posting EPS of $2.93 versus estimates of $2.86 and revenue of $6.22 billion, up 3.2% year over year.
• The company also paid a quarterly dividend of $1.38 per share, or $5.52 annualized, for a yield of about 1.9%, while analysts currently hold a Moderate Buy consensus with an average price target of $299.11.

Commerzbank Aktiengesellschaft FI cut its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 20.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,522 shares of the railroad operator's stock after selling 5,970 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Union Pacific were worth $5,707,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of UNP. Vanguard Group Inc. lifted its position in shares of Union Pacific by 1.1% in the fourth quarter. Vanguard Group Inc. now owns 59,329,262 shares of the railroad operator's stock valued at $13,724,045,000 after buying an additional 659,378 shares during the last quarter. State Street Corp increased its holdings in shares of Union Pacific by 4.3% during the 4th quarter. State Street Corp now owns 26,330,080 shares of the railroad operator's stock worth $6,090,674,000 after acquiring an additional 1,082,285 shares during the last quarter. Capital World Investors raised its stake in Union Pacific by 92.1% in the 4th quarter. Capital World Investors now owns 20,136,349 shares of the railroad operator's stock valued at $4,658,142,000 after acquiring an additional 9,655,306 shares during the period. Geode Capital Management LLC raised its stake in Union Pacific by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 15,360,668 shares of the railroad operator's stock valued at $3,552,550,000 after acquiring an additional 296,814 shares during the period. Finally, Morgan Stanley raised its stake in Union Pacific by 5.0% in the 4th quarter. Morgan Stanley now owns 12,636,050 shares of the railroad operator's stock valued at $2,922,971,000 after acquiring an additional 602,647 shares during the period. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Kenyatta G. Rocker sold 27,387 shares of Union Pacific stock in a transaction on Friday, April 24th. The stock was sold at an average price of $271.76, for a total value of $7,442,691.12. Following the transaction, the executive vice president owned 61,102 shares in the company, valued at approximately $16,605,079.52. This trade represents a 30.95% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jennifer L. Hamann sold 2,000 shares of the business's stock in a transaction on Friday, April 24th. The stock was sold at an average price of $274.70, for a total value of $549,400.00. Following the transaction, the chief financial officer directly owned 114,642 shares of the company's stock, valued at $31,492,157.40. This trade represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 32,378 shares of company stock worth $8,781,595. Insiders own 0.22% of the company's stock.

Union Pacific Price Performance

UNP stock opened at $296.35 on Tuesday. The company's 50-day moving average price is $272.58 and its two-hundred day moving average price is $256.60. The firm has a market cap of $175.94 billion, a P/E ratio of 24.41, a P/E/G ratio of 3.16 and a beta of 0.96. The company has a quick ratio of 0.73, a current ratio of 0.92 and a debt-to-equity ratio of 1.53. Union Pacific Corporation has a 12 month low of $210.84 and a 12 month high of $303.15.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, April 23rd. The railroad operator reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.86 by $0.07. Union Pacific had a net margin of 29.20% and a return on equity of 39.58%. The business had revenue of $6.22 billion for the quarter, compared to analyst estimates of $6.12 billion. During the same quarter last year, the business posted $2.70 EPS. The firm's revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts anticipate that Union Pacific Corporation will post 12.62 earnings per share for the current fiscal year.

Union Pacific Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Union Pacific's dividend payout ratio (DPR) is currently 45.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $289.00 price objective (up from $273.00) on shares of Union Pacific in a research report on Friday, April 24th. Benchmark reissued a "buy" rating and issued a $325.00 price objective (up from $300.00) on shares of Union Pacific in a research report on Wednesday, July 15th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a research note on Monday, July 13th. BMO Capital Markets reaffirmed a "market perform" rating and set a $285.00 target price (up from $278.00) on shares of Union Pacific in a report on Friday, April 24th. Finally, TD Cowen upped their price target on shares of Union Pacific from $256.00 to $282.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $299.11.

About Union Pacific

Union Pacific Corporation NYSE: UNP is one of the largest freight railroad companies in the United States. Its principal operating subsidiary, Union Pacific Railroad, has roots that trace back to the Pacific Railway Act of 1862 and the construction of the first transcontinental rail link completed in 1869. The company is headquartered in Omaha, Nebraska, and operates as a holding company for rail transportation and related services.

Union Pacific's core business is the movement of freight by rail across an extensive rail network serving the western two‑thirds of the United States.

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