Cullen Investment Group LTD. Has $11.90 Million Holdings in Union Pacific Corporation $UNP

Key Points

• Cullen Investment Group LTD. increased its holdings in Union Pacific Corporation by 3.9% during the second quarter, now owning 51,729 shares valued at approximately $11.9 million.
• Union Pacific Corporation reported earnings of $3.03 per share for the last quarter, surpassing analyst expectations and showing a 2.4% revenue increase year-over-year.
• The company declared a quarterly dividend of $1.38, raising its annual dividend yield to 2.6%, indicating a commitment to returning value to shareholders.

Cullen Investment Group LTD. lifted its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 51,729 shares of the railroad operator's stock after acquiring an additional 1,928 shares during the period. Union Pacific makes up approximately 1.7% of Cullen Investment Group LTD.'s investment portfolio, making the stock its 12th largest position. Cullen Investment Group LTD.'s holdings in Union Pacific were worth $11,902,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Highline Wealth Partners LLC grew its stake in shares of Union Pacific by 103.5% in the first quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. CBIZ Investment Advisory Services LLC grew its stake in shares of Union Pacific by 1,400.0% in the first quarter. CBIZ Investment Advisory Services LLC now owns 120 shares of the railroad operator's stock valued at $28,000 after acquiring an additional 112 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new position in shares of Union Pacific in the first quarter valued at about $32,000. WPG Advisers LLC acquired a new position in shares of Union Pacific in the first quarter valued at about $33,000. Finally, Cornerstone Planning Group LLC grew its stake in shares of Union Pacific by 50.5% in the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after acquiring an additional 56 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Trading Down 0.6%

UNP opened at $214.73 on Friday. The company's 50 day moving average is $224.46 and its 200-day moving average is $226.06. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company has a market cap of $127.34 billion, a P/E ratio of 18.66, a PEG ratio of 2.10 and a beta of 1.03.

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, beating analysts' consensus estimates of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The company had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. During the same period last year, the company posted $2.74 EPS. The firm's quarterly revenue was up 2.4% compared to the same quarter last year. Equities research analysts predict 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. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date is Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

Analyst Ratings Changes

A number of brokerages have issued reports on UNP. Susquehanna reduced their price objective on shares of Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research note on Wednesday, July 30th. UBS Group increased their price objective on shares of Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Robert W. Baird began coverage on shares of Union Pacific in a research note on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price objective on the stock. Wells Fargo & Company increased their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research note on Friday, July 25th. Finally, Argus downgraded shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Union Pacific currently has a consensus rating of "Moderate Buy" and an average target price 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.

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