E. Ohman J or Asset Management AB Decreases Stake in Union Pacific Corporation $UNP

Key Points

• E. Ohman J or Asset Management AB reduced its stake in Union Pacific Corporation by 5.3% in the second quarter, now holding 25,030 shares valued at approximately $5.76 million.
• Union Pacific recently reported quarterly earnings of $3.03 per share, exceeding expectations, with revenues of $6.15 billion, up 2.4% year-over-year.
• The company has announced a quarterly dividend increase to $1.38 per share, representing an annualized dividend yield of 2.6%.

E. Ohman J or Asset Management AB decreased its position in Union Pacific Corporation (NYSE:UNP - Free Report) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,030 shares of the railroad operator's stock after selling 1,400 shares during the period. E. Ohman J or Asset Management AB's holdings in Union Pacific were worth $5,759,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Northern Trust Corp boosted its holdings in Union Pacific by 2.0% in the 1st quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock worth $1,678,575,000 after buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in Union Pacific by 5.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,949,345 shares of the railroad operator's stock valued at $1,641,715,000 after purchasing an additional 354,463 shares during the period. Royal Bank of Canada boosted its holdings in Union Pacific by 1.7% in the 1st quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after purchasing an additional 86,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Union Pacific by 35.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,968,658 shares of the railroad operator's stock valued at $1,133,053,000 after purchasing an additional 1,294,643 shares during the period. Finally, Canada Pension Plan Investment Board boosted its holdings in Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock valued at $1,092,893,000 after purchasing an additional 452,788 shares during the period. 80.38% of the stock is owned by institutional investors.

Union Pacific Stock Performance

NYSE UNP opened at $214.73 on Monday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. The company has a market capitalization of $127.34 billion, a P/E ratio of 18.66, a P/E/G ratio of 2.09 and a beta of 1.03. The company has a fifty day moving average of $224.46 and a 200-day moving average of $225.79. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share 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 the consensus estimate of $6.09 billion. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm's revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the firm posted $2.74 earnings per share. As a group, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a $1.38 dividend. The ex-dividend date is Friday, August 29th. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific's dividend payout ratio is presently 47.96%.

Analysts Set New Price Targets

Several research analysts have commented on UNP shares. Morgan Stanley cut their price target on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating for the company in a report on Monday, July 7th. Evercore ISI cut their price target on shares of Union Pacific from $244.00 to $238.00 and set an "in-line" rating for the company in a report on Friday, July 25th. Citigroup downgraded shares of Union Pacific from a "strong-buy" rating to a "hold" rating and cut their price target for the company from $270.00 to $250.00 in a report on Wednesday, July 30th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 price objective on shares of Union Pacific in a report on Monday, June 2nd. Finally, BMO Capital Markets lifted 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, July 25th. One equities research analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $258.21.

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.

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