Eagle Rock Investment Company LLC Sells 4,440 Shares of Union Pacific Co. (NYSE:UNP)

Eagle Rock Investment Company LLC lowered its position in Union Pacific Co. (NYSE:UNP - Free Report) by 47.5% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,909 shares of the railroad operator's stock after selling 4,440 shares during the period. Eagle Rock Investment Company LLC's holdings in Union Pacific were worth $1,160,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC lifted its stake in Union Pacific by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 14,430,581 shares of the railroad operator's stock worth $3,282,305,000 after purchasing an additional 1,616,895 shares during the last quarter. Capital Research Global Investors increased its position in shares of Union Pacific by 14.3% during the fourth quarter. Capital Research Global Investors now owns 10,395,364 shares of the railroad operator's stock worth $2,370,559,000 after acquiring an additional 1,298,178 shares during the period. Norges Bank purchased a new position in shares of Union Pacific during the fourth quarter worth approximately $1,927,377,000. Franklin Resources Inc. increased its position in shares of Union Pacific by 5.0% during the fourth quarter. Franklin Resources Inc. now owns 7,686,387 shares of the railroad operator's stock worth $1,752,804,000 after acquiring an additional 363,937 shares during the period. Finally, Northern Trust Corp increased its position in shares of Union Pacific by 15.2% during the fourth quarter. Northern Trust Corp now owns 6,962,650 shares of the railroad operator's stock worth $1,587,763,000 after acquiring an additional 920,414 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Price Performance

NYSE UNP opened at $223.39 on Friday. The firm's fifty day simple moving average is $220.25 and its two-hundred day simple moving average is $232.23. The company has a current ratio of 0.77, a quick ratio of 0.62 and a debt-to-equity ratio of 1.76. Union Pacific Co. has a 12-month low of $204.66 and a 12-month high of $258.07. The firm has a market capitalization of $133.47 billion, a P/E ratio of 20.14, a P/E/G ratio of 2.15 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The railroad operator reported $2.70 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.73 by ($0.03). Union Pacific had a return on equity of 41.12% and a net margin of 27.82%. The firm had revenue of $6.03 billion during the quarter, compared to analysts' expectations of $6.11 billion. During the same period in the prior year, the firm posted $2.69 earnings per share. Union Pacific's revenue for the quarter was down .1% compared to the same quarter last year. Analysts forecast that Union Pacific Co. will post 11.99 EPS for the current fiscal year.

Union Pacific Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, May 30th will be issued a $1.34 dividend. This represents a $5.36 annualized dividend and a yield of 2.40%. The ex-dividend date is Friday, May 30th. Union Pacific's dividend payout ratio is currently 48.29%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on UNP shares. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Susquehanna reduced their target price on shares of Union Pacific from $255.00 to $245.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group reduced their target price on shares of Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a research report on Wednesday, April 9th. Deutsche Bank Aktiengesellschaft started coverage on shares of Union Pacific in a research report on Friday, March 7th. They set a "buy" rating and a $295.00 target price on the stock. Finally, Argus raised shares of Union Pacific to a "strong-buy" rating in a research report on Friday, May 16th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $257.74.

About Union Pacific

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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