Diamond Hill Capital Management Inc. Has $437.34 Million Holdings in Union Pacific Corporation (NYSE:UNP)

Diamond Hill Capital Management Inc. lowered its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,851,260 shares of the railroad operator's stock after selling 39,682 shares during the period. Union Pacific makes up 2.0% of Diamond Hill Capital Management Inc.'s holdings, making the stock its 17th biggest holding. Diamond Hill Capital Management Inc. owned approximately 0.31% of Union Pacific worth $437,342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UNP. Allred Capital Management LLC lifted its stake in Union Pacific by 0.5% in the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock valued at $1,904,000 after buying an additional 40 shares during the last quarter. Palogic Value Management L.P. lifted its stake in Union Pacific by 1.5% in the fourth quarter. Palogic Value Management L.P. now owns 2,823 shares of the railroad operator's stock valued at $644,000 after buying an additional 42 shares during the last quarter. Strategic Investment Solutions Inc. IL lifted its stake in Union Pacific by 38.8% in the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after buying an additional 45 shares during the last quarter. Foster Dykema Cabot & Partners LLC lifted its stake in Union Pacific by 1.6% in the fourth quarter. Foster Dykema Cabot & Partners LLC now owns 2,922 shares of the railroad operator's stock valued at $666,000 after buying an additional 47 shares during the last quarter. Finally, First Financial Bank Trust Division lifted its stake in Union Pacific by 1.7% in the first quarter. First Financial Bank Trust Division now owns 2,803 shares of the railroad operator's stock valued at $662,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Price Performance

Union Pacific stock traded up $4.19 during midday trading on Friday, hitting $224.71. The company's stock had a trading volume of 8,254,381 shares, compared to its average volume of 3,405,370. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. The stock's 50-day moving average price is $227.17 and its 200-day moving average price is $231.03. Union Pacific Corporation has a 12 month low of $204.66 and a 12 month high of $258.07. The company has a market capitalization of $134.26 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.84 by $0.19. The firm had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The business's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.74 EPS. Analysts anticipate that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a yield of 2.46%. 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 payout ratio is presently 47.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday. Morgan Stanley cut their price objective 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. BMO Capital Markets upped their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a report on Friday. Bank of America upped their price objective on shares of Union Pacific from $256.00 to $262.00 and gave the stock a "buy" rating in a report on Friday, May 16th. Finally, Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price objective for the stock from $250.00 to $285.00 in a report on Friday. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Union Pacific has an average rating of "Moderate Buy" and a consensus price target of $259.46.

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.