First Hawaiian Bank Has $2.09 Million Stock Holdings in Union Pacific Corporation $UNP

Key Points

• First Hawaiian Bank has reduced its stake in Union Pacific Corporation by 13.3%, owning 8,855 shares valued at $2.09 million as per its latest SEC disclosure.
• Union Pacific announced a quarterly dividend increase to $1.38, reflecting an annualized rate of $5.52, with a 2.6% yield.
• The company's stock recently reported earnings that exceeded analysts' expectations, with $3.03 per share, and a current consensus rating of "Moderate Buy".

First Hawaiian Bank decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 13.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,855 shares of the railroad operator's stock after selling 1,353 shares during the period. First Hawaiian Bank's holdings in Union Pacific were worth $2,092,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Northern Trust Corp raised its stake in Union Pacific by 2.0% in the first quarter. Northern Trust Corp now owns 7,105,382 shares of the railroad operator's stock valued at $1,678,575,000 after buying an additional 142,732 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Union Pacific by 5.4% in the first 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 buying an additional 354,463 shares during the period. Royal Bank of Canada raised its stake in Union Pacific by 1.7% in the first quarter. Royal Bank of Canada now owns 5,105,784 shares of the railroad operator's stock valued at $1,206,191,000 after buying an additional 86,292 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Union Pacific by 35.2% in the fourth 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 buying an additional 1,294,643 shares during the period. Finally, Canada Pension Plan Investment Board raised its stake in Union Pacific by 10.8% in the first 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 buying an additional 452,788 shares during the period. Institutional investors own 80.38% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Susquehanna dropped their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating on the stock in a research note on Wednesday, July 30th. Baird R W upgraded Union Pacific to a "hold" rating in a research note on Tuesday, July 1st. Robert W. Baird assumed coverage on Union Pacific in a research note on Tuesday, July 1st. They set a "neutral" rating and a $231.00 target price on the stock. Royal Bank Of Canada increased their target price on Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Morgan Stanley lowered their target price on Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a research note on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Union Pacific presently has a consensus rating of "Moderate Buy" and an average price target of $258.25.

Union Pacific Price Performance

NYSE:UNP traded up $1.27 during trading hours on Monday, reaching $216.18. 4,483,833 shares of the company were exchanged, compared to its average volume of 4,295,584. The company has a market capitalization of $128.20 billion, a P/E ratio of 18.78, a P/E/G ratio of 2.09 and a beta of 1.03. Union Pacific Corporation has a 1-year low of $204.66 and a 1-year high of $256.84. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53. The business has a 50 day moving average of $224.08 and a 200 day moving average of $225.57.

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

Union Pacific Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be issued a $1.38 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's dividend payout ratio (DPR) 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.