CX Institutional Sells 9,747 Shares of Union Pacific Corporation $UNP

Key Points

• CX Institutional has reduced its stake in Union Pacific Corporation by 16.9% in Q2, currently holding assets worth approximately $11.06 million in the company.
• Analysts have varying ratings on Union Pacific, with a consensus price target of $259.38 and an overall rating of "Moderate Buy" from multiple brokerages.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38, leading to an annualized dividend yield of 2.5%.

CX Institutional decreased its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 16.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 48,054 shares of the railroad operator's stock after selling 9,747 shares during the period. CX Institutional's holdings in Union Pacific were worth $11,056,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Pinnacle Bancorp Inc. lifted its holdings in shares of Union Pacific by 62.6% in the second quarter. Pinnacle Bancorp Inc. now owns 5,492 shares of the railroad operator's stock worth $1,264,000 after buying an additional 2,114 shares in the last quarter. Bridge Creek Capital Management LLC lifted its holdings in shares of Union Pacific by 1.3% in the second quarter. Bridge Creek Capital Management LLC now owns 17,399 shares of the railroad operator's stock worth $4,003,000 after buying an additional 220 shares in the last quarter. Thomasville National Bank lifted its holdings in shares of Union Pacific by 2.9% in the second quarter. Thomasville National Bank now owns 3,043 shares of the railroad operator's stock worth $700,000 after buying an additional 86 shares in the last quarter. Miller Howard Investments Inc. NY lifted its holdings in shares of Union Pacific by 1.0% in the second quarter. Miller Howard Investments Inc. NY now owns 25,781 shares of the railroad operator's stock worth $5,932,000 after buying an additional 245 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Union Pacific by 52.3% in the second quarter. Assenagon Asset Management S.A. now owns 986,316 shares of the railroad operator's stock worth $226,932,000 after buying an additional 338,891 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on UNP. Morgan Stanley lowered their target price on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. BMO Capital Markets increased their price target on shares of Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Raymond James Financial restated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Finally, Wells Fargo & Company raised their target price on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a report on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $259.38.

Union Pacific Stock Up 0.7%

UNP stock traded up $1.68 during trading hours on Tuesday, reaching $227.53. 2,953,568 shares of the stock were exchanged, compared to its average volume of 3,552,798. The firm's 50-day moving average is $222.51 and its 200-day moving average is $224.70. The company has a market cap of $134.94 billion, a price-to-earnings ratio of 19.74, a PEG ratio of 2.14 and a beta of 1.03. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the prior year, the business posted $2.74 EPS. The company's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts expect that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th will be paid a dividend of $1.38 per share. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.4%. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) is currently 47.96%.

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.