Deutsche Bank AG Sells 133,475 Shares of Union Pacific Corporation $UNP

Key Points

• Deutsche Bank reduced its Union Pacific stake by 3.3%, selling 133,475 shares during the second quarter. It still held 3.92 million shares worth approximately $1.07 billion, while institutional investors collectively owned 80.38% of the company.
• Union Pacific reported quarterly EPS of $3.41 and revenue of $6.86 billion, exceeding analyst estimates; revenue increased 11.5% year over year. The stock opened at $301.69, near its 52-week high of $315.99.
• The company raised its quarterly dividend from $1.38 to $1.42 per share, equivalent to an annualized $5.68 dividend and a 1.9% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $320.89.

Deutsche Bank AG reduced its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 3.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,921,166 shares of the railroad operator's stock after selling 133,475 shares during the quarter. Deutsche Bank AG owned about 0.66% of Union Pacific worth $1,066,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Cambient Family Office LLC bought a new stake in shares of Union Pacific in the 4th quarter worth approximately $1,319,000. First National Bank of Omaha grew its holdings in shares of Union Pacific by 35.8% during the 4th quarter. First National Bank of Omaha now owns 54,635 shares of the railroad operator's stock valued at $12,665,000 after purchasing an additional 14,399 shares during the last quarter. North Dakota State Investment Board bought a new position in shares of Union Pacific during the 4th quarter valued at $4,746,000. Sage Investment Advisers LLC purchased a new position in Union Pacific in the 4th quarter worth $997,000. Finally, Truist Financial Corp raised its position in Union Pacific by 3.1% in the 4th quarter. Truist Financial Corp now owns 1,016,071 shares of the railroad operator's stock worth $235,038,000 after purchasing an additional 30,079 shares during the period. 80.38% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Union Pacific

In related news, EVP Eric J. Gehringer sold 2,991 shares of the firm's stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $263.96, for a total value of $789,504.36. Following the sale, the executive vice president directly owned 43,012 shares of the company's stock, valued at $11,353,447.52. This trade represents a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.22% of the company's stock.

Union Pacific Trading Up 1.0%

NYSE:UNP opened at $301.69 on Thursday. The company has a fifty day moving average of $284.87 and a 200 day moving average of $266.83. Union Pacific Corporation has a 52 week low of $210.84 and a 52 week high of $315.99. The company has a quick ratio of 0.82, a current ratio of 0.99 and a debt-to-equity ratio of 1.40. The firm has a market capitalization of $179.23 billion, a P/E ratio of 24.43, a P/E/G ratio of 3.05 and a beta of 0.96.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The railroad operator reported $3.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.26 by $0.15. The business had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.72 billion. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company's revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $3.03 EPS. On average, research analysts predict that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 31st will be issued a dividend of $1.42 per share. This is an increase from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, August 31st. Union Pacific's dividend payout ratio (DPR) is currently 44.70%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Benchmark upped their price target on shares of Union Pacific from $325.00 to $335.00 and gave the company a "buy" rating in a research report on Friday, July 24th. Citizens Jmp began coverage on Union Pacific in a report on Wednesday, July 15th. They issued an "outperform" rating and a $350.00 price objective on the stock. BMO Capital Markets reissued a "market perform" rating and issued a $320.00 target price (up from $285.00) on shares of Union Pacific in a research note on Friday, July 24th. Bank of America boosted their target price on Union Pacific from $301.00 to $334.00 and gave the company a "buy" rating in a research note on Thursday, July 23rd. Finally, Evercore restated an "outperform" rating and set a $294.00 target price on shares of Union Pacific in a report on Thursday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $320.89.

Union Pacific Company Profile

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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