Deutsche Bank AG Decreases Holdings in Union Pacific Corporation (NYSE:UNP)

Key Points

• Deutsche Bank AG reduced its stake in Union Pacific Corporation by 6.6%, owning approximately 3.43 million shares worth $810.83 million as of the latest SEC filing.
• Analysts have mixed opinions on Union Pacific, with 14 buy ratings, 11 holds, and 2 strong buy ratings, while Barclays recently downgraded the company from an "overweight" to an "equal weight" rating.
• The company has announced an increase in its quarterly dividend to $1.38, reflecting a yield of 2.4%, and will be paid on September 30th to shareholders on record as of August 29th.

Deutsche Bank AG trimmed its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 6.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,432,223 shares of the railroad operator's stock after selling 242,618 shares during the period. Deutsche Bank AG owned 0.57% of Union Pacific worth $810,828,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Chicago Partners Investment Group LLC grew its holdings in Union Pacific by 5.4% during the first quarter. Chicago Partners Investment Group LLC now owns 28,692 shares of the railroad operator's stock valued at $6,778,000 after purchasing an additional 1,482 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Union Pacific by 1.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,708,586 shares of the railroad operator's stock valued at $876,116,000 after purchasing an additional 45,802 shares during the period. ASR Vermogensbeheer N.V. bought a new position in Union Pacific during the first quarter valued at $12,093,000. Greykasell Wealth Strategies Inc. bought a new position in Union Pacific during the first quarter valued at $127,000. Finally, Strategy Asset Managers LLC grew its holdings in Union Pacific by 4.0% during the first quarter. Strategy Asset Managers LLC now owns 1,601 shares of the railroad operator's stock valued at $378,000 after purchasing an additional 61 shares during the period. 80.38% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on UNP. Stephens dropped their target price on Union Pacific from $275.00 to $255.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group restated a "neutral" rating and set a $263.00 price target on shares of Union Pacific in a research report on Monday, June 2nd. Bank of America raised their price objective on Union Pacific from $256.00 to $262.00 and gave the company a "buy" rating in a research note on Friday, May 16th. Jefferies Financial Group raised Union Pacific from a "hold" rating to a "buy" rating and raised their price objective for the company from $250.00 to $285.00 in a research note on Friday, July 25th. Finally, Susquehanna reduced their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research note on Wednesday, July 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Union Pacific currently has an average rating of "Moderate Buy" and an average target price of $258.21.

Union Pacific Stock Down 0.2%

Shares of UNP stock traded down $0.39 during trading hours on Friday, hitting $222.27. 2,345,506 shares of the company's stock traded hands, compared to its average volume of 5,336,163. The stock's fifty day simple moving average is $227.09 and its two-hundred day simple moving average is $230.48. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The stock has a market cap of $131.82 billion, a price-to-earnings ratio of 19.31, a PEG ratio of 2.17 and a beta of 1.05. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86.

Union Pacific (NYSE:UNP - Get Free Report) last released its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. During the same period last year, the business earned $2.74 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. On average, analysts expect that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed 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 dividend on an annualized basis and a yield of 2.5%. 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 (DPR) is presently 46.57%.

Union Pacific Company Profile

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.