Fifth Third Wealth Advisors LLC Sells 3,084 Shares of Union Pacific Corporation $UNP

Key Points

• Fifth Third Wealth Advisors LLC has reduced its stake in Union Pacific Corporation by 19.7%, selling 3,084 shares to hold a total of 12,547 shares valued at approximately $2.89 million.
• Union Pacific announced a dividend increase, raising its quarterly payout from $1.34 to $1.38 per share, resulting in an annualized dividend yield of 2.4%.
• The company reported earnings of $3.03 per share for the last quarter, surpassing estimates, and experienced 2.4% revenue growth year-over-year with revenues reaching $6.15 billion.

Fifth Third Wealth Advisors LLC lowered its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 19.7% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,547 shares of the railroad operator's stock after selling 3,084 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Union Pacific were worth $2,887,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of UNP. Pallas Capital Advisors LLC boosted its holdings in Union Pacific by 22.1% in the 1st quarter. Pallas Capital Advisors LLC now owns 2,030 shares of the railroad operator's stock valued at $480,000 after purchasing an additional 368 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Union Pacific by 16.8% during the 1st quarter. GAMMA Investing LLC now owns 10,545 shares of the railroad operator's stock worth $2,491,000 after acquiring an additional 1,520 shares during the period. Focus Financial Network Inc. boosted its position in shares of Union Pacific by 4.1% during the 1st quarter. Focus Financial Network Inc. now owns 4,933 shares of the railroad operator's stock worth $1,165,000 after acquiring an additional 194 shares in the last quarter. Simon Quick Advisors LLC increased its stake in Union Pacific by 32.0% in the first quarter. Simon Quick Advisors LLC now owns 5,050 shares of the railroad operator's stock valued at $1,193,000 after acquiring an additional 1,224 shares during the last quarter. Finally, Rockland Trust Co. increased its stake in Union Pacific by 4.3% in the first quarter. Rockland Trust Co. now owns 127,369 shares of the railroad operator's stock valued at $30,090,000 after acquiring an additional 5,207 shares during the last quarter. Institutional investors own 80.38% of the company's stock.

Union Pacific Trading Down 2.6%

Shares of NYSE UNP opened at $225.54 on Friday. The company has a debt-to-equity ratio of 1.86, a quick ratio of 0.53 and a current ratio of 0.65. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a 50 day moving average price of $224.45 and a two-hundred day moving average price of $224.47. The stock has a market cap of $133.77 billion, a P/E ratio of 19.60, a price-to-earnings-growth ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.84 by $0.19. Union Pacific had a net margin of 28.43% and a return on equity of 41.73%. The firm had revenue of $6.15 billion during the quarter, compared to analysts' expectations of $6.09 billion. During the same period in the prior year, the company posted $2.74 EPS. The company's revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were given a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.4%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date was Friday, August 29th. Union Pacific's dividend payout ratio is currently 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UNP. Wells Fargo & Company lifted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Barclays cut shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. Argus cut shares of Union Pacific from a "buy" rating to a "hold" rating in a research note on Tuesday, August 12th. UBS Group set a $253.00 price objective on shares of Union Pacific and gave the company a "neutral" rating in a research note on Friday, October 3rd. Finally, Citigroup raised shares of Union Pacific from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $250.00 to $251.00 in a research note on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average target price of $261.08.

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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