Fifth Third Bancorp Trims Position in Union Pacific Co. (NYSE:UNP)

Fifth Third Bancorp decreased its holdings in Union Pacific Co. (NYSE:UNP - Free Report) by 3.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 592,820 shares of the railroad operator's stock after selling 18,404 shares during the period. Fifth Third Bancorp owned approximately 0.10% of Union Pacific worth $140,048,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of UNP. Allred Capital Management LLC increased its stake in shares of Union Pacific by 0.5% in the fourth quarter. Allred Capital Management LLC now owns 8,349 shares of the railroad operator's stock worth $1,904,000 after buying an additional 40 shares during the period. Palogic Value Management L.P. increased its position in shares of 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 acquiring an additional 42 shares during the period. Mystic Asset Management Inc. raised its stake in shares of Union Pacific by 2.0% during the fourth quarter. Mystic Asset Management Inc. now owns 2,309 shares of the railroad operator's stock valued at $527,000 after acquiring an additional 45 shares during the last quarter. Strategic Investment Solutions Inc. IL raised its stake in shares of Union Pacific by 38.8% during the fourth quarter. Strategic Investment Solutions Inc. IL now owns 161 shares of the railroad operator's stock valued at $39,000 after acquiring an additional 45 shares during the last quarter. Finally, Ironwood Investment Counsel LLC boosted its holdings in shares of Union Pacific by 1.3% during the fourth quarter. Ironwood Investment Counsel LLC now owns 3,458 shares of the railroad operator's stock worth $789,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds own 80.38% of the company's stock.

Union Pacific Stock Performance

NYSE:UNP traded down $2.38 on Friday, hitting $223.11. The stock had a trading volume of 825,908 shares, compared to its average volume of 2,682,292. Union Pacific Co. has a 52-week low of $204.66 and a 52-week high of $258.07. The stock has a market cap of $133.30 billion, a price-to-earnings ratio of 20.11, a price-to-earnings-growth ratio of 2.15 and a beta of 1.05. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 1.76. The business's 50-day simple moving average is $220.59 and its two-hundred day simple moving average is $231.80.

Union Pacific (NYSE:UNP - Get Free Report) last announced its 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). The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $6.11 billion. Union Pacific had a net margin of 27.82% and a return on equity of 41.12%. The business's quarterly revenue was down .1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. As a group, research analysts predict that Union Pacific Co. will post 11.99 earnings per share for the current year.

Union Pacific Announces Dividend

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

Wall Street Analyst Weigh In

Several research firms have recently commented on UNP. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $263.00 target price on shares of Union Pacific in a research report on Monday, June 2nd. Raymond James reissued a "strong-buy" rating on shares of Union Pacific in a research report on Friday, April 25th. Redburn Atlantic upgraded Union Pacific from a "neutral" rating to a "buy" rating and set a $259.00 price target on the stock in a research note on Wednesday, April 16th. Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Finally, Jefferies Financial Group dropped their target price on Union Pacific from $255.00 to $230.00 and set a "hold" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $257.74.

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.