DRW Securities LLC Has $424,000 Position in Union Pacific Corporation $UNP

Key Points

• DRW Securities LLC reduced its stake in Union Pacific Corporation by 42.6% in Q1, now holding a position worth $424,000.
• Analysts have varied opinions on Union Pacific, with Citigroup downgrading its rating from "strong-buy" to "hold" and a consensus target price of $258.21.
• Union Pacific recently announced a quarterly dividend increase to $1.38 per share, representing an annualized dividend of $5.52 with a yield of 2.5%.

DRW Securities LLC lowered its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 42.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,793 shares of the railroad operator's stock after selling 1,330 shares during the quarter. DRW Securities LLC's holdings in Union Pacific were worth $424,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of UNP. Highline Wealth Partners LLC boosted its holdings in shares of Union Pacific by 103.5% in the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at $32,000. WPG Advisers LLC acquired a new stake in shares of Union Pacific in the 1st quarter valued at $33,000. Cornerstone Planning Group LLC boosted its holdings in shares of Union Pacific by 50.5% in the 1st quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock valued at $37,000 after purchasing an additional 56 shares in the last quarter. Finally, IMA Advisory Services Inc. acquired a new stake in shares of Union Pacific in the 1st quarter valued at $43,000. Institutional investors and hedge funds own 80.38% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on UNP. Citigroup downgraded Union Pacific from a "strong-buy" rating to a "hold" rating and reduced their target price for the company from $270.00 to $250.00 in a report on Wednesday, July 30th. Royal Bank Of Canada raised their target price on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. Baird R W raised Union Pacific to a "hold" rating in a report on Tuesday, July 1st. Finally, Morgan Stanley cut their price objective on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $258.21.

Union Pacific Stock Up 0.5%

Shares of NYSE:UNP opened at $223.56 on Monday. The firm has a market cap of $132.58 billion, a P/E ratio of 19.42, a P/E/G ratio of 2.17 and a beta of 1.03. 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 Corporation has a 12-month low of $204.66 and a 12-month high of $258.07. The business has a fifty day simple moving average of $227.03 and a 200 day simple moving average of $227.74.

Union Pacific (NYSE:UNP - Get Free Report) last announced its earnings results 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 business had revenue of $6.15 billion during the quarter, compared to analyst estimates of $6.09 billion. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.Union Pacific's revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period last year, the company earned $2.74 EPS. Analysts predict that Union Pacific Corporation will post 11.99 earnings per share for the current year.

Union Pacific Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be given a dividend of $1.38 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 annualized dividend and a yield of 2.5%. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio is 47.96%.

Union Pacific 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.

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