Diamond Hill Capital Management LLC Investment Advisor Has $183.29 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• Diamond Hill Capital Management cut its Union Pacific position by 34.8% in the second quarter, selling 359,938 shares and retaining 673,859 shares worth approximately $183.29 million.
• Union Pacific reported stronger-than-expected quarterly results, with EPS of $3.41 and revenue of $6.86 billion, up 11.5% year over year. Shares recently traded at $299.10, near their 52-week high of $315.99.
• The company raised its quarterly dividend to $1.42 per share, equivalent to a 1.9% yield, while analysts maintained a “Moderate Buy” consensus with an average price target of $320.89.

Diamond Hill Capital Management LLC Investment Advisor trimmed its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 34.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 673,859 shares of the railroad operator's stock after selling 359,938 shares during the quarter. Union Pacific accounts for about 1.5% of Diamond Hill Capital Management LLC Investment Advisor's portfolio, making the stock its 23rd largest position. Diamond Hill Capital Management LLC Investment Advisor owned 0.11% of Union Pacific worth $183,290,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. TFR Capital LLC. increased its position in Union Pacific by 3.8% during the 2nd quarter. TFR Capital LLC. now owns 979 shares of the railroad operator's stock valued at $266,000 after purchasing an additional 36 shares during the period. Key Financial Inc grew its holdings in Union Pacific by 2.1% in the first quarter. Key Financial Inc now owns 1,821 shares of the railroad operator's stock worth $442,000 after purchasing an additional 38 shares during the period. Members Trust Co increased its position in Union Pacific by 2.5% in the 1st quarter. Members Trust Co now owns 1,573 shares of the railroad operator's stock valued at $382,000 after buying an additional 38 shares in the last quarter. EJMK Ventures LLC increased its holdings in shares of Union Pacific by 4.0% during the first quarter. EJMK Ventures LLC now owns 1,016 shares of the railroad operator's stock valued at $247,000 after acquiring an additional 39 shares in the last quarter. Finally, PDS Planning Inc increased its stake in Union Pacific by 0.7% during the 2nd quarter. PDS Planning Inc now owns 5,469 shares of the railroad operator's stock valued at $1,488,000 after purchasing an additional 39 shares in the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

Shares of Union Pacific stock opened at $299.10 on Wednesday. The business has a 50 day moving average of $284.18 and a 200 day moving average of $266.34. 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 company has a market cap of $177.69 billion, a PE ratio of 24.22, a P/E/G ratio of 3.00 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, beating the consensus estimate of $3.26 by $0.15. Union Pacific had a net margin of 28.85% and a return on equity of 38.46%. The company had revenue of $6.86 billion for the quarter, compared to analysts' expectations of $6.72 billion. During the same quarter in the previous year, the company earned $3.03 earnings per share. Union Pacific's quarterly revenue was up 11.5% on a year-over-year basis. As a group, equities research analysts forecast that Union Pacific Corporation will post 12.93 earnings per share for the current year.

Union Pacific Increases Dividend

The firm 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. The ex-dividend date is Monday, August 31st. This is a positive change from Union Pacific's previous quarterly dividend of $1.38. This represents a $5.68 annualized dividend and a dividend yield of 1.9%. Union Pacific's dividend payout ratio (DPR) is 44.70%.

Insider Transactions at Union Pacific

In other Union Pacific news, EVP Eric J. Gehringer sold 2,991 shares of the business's stock in a transaction on 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 approximately $11,353,447.52. The trade was a 6.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.22% of the company's stock.

Analyst Ratings Changes

UNP has been the subject of several recent research reports. Citizens Jmp started coverage on Union Pacific in a report on Wednesday, July 15th. They set an "outperform" rating and a $350.00 price target for the company. Robert W. Baird raised their price target on shares of Union Pacific from $311.00 to $344.00 and gave the stock an "outperform" rating in a research note on Monday, July 27th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $335.00 price objective (up from $315.00) on shares of Union Pacific in a report on Friday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Union Pacific from $304.00 to $334.00 and gave the company a "neutral" rating in a research report on Friday, July 24th. Finally, The Goldman Sachs Group set a $317.00 price target on shares of Union Pacific and gave the stock a "neutral" rating in a report on Thursday, July 23rd. Two equities 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 company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price 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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