Union Pacific Corporation (NYSE:UNP) Shares Sold by Forsta AP Fonden

Key Points

• Forsta AP Fonden sold 3,500 shares of Union Pacific Corporation, decreasing its holdings by 2.5%, resulting in 137,000 shares valued at approximately $32.37 million.
• Union Pacific reported earnings of $3.03 per share, exceeding analysts' estimates, with quarterly revenue reaching $6.15 billion, a 2.4% increase year-over-year.
• The company announced a quarterly dividend of $1.38 per share, marking an increase from the previous dividend, with a current yield of 2.5%.

Forsta AP Fonden reduced its stake in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 137,000 shares of the railroad operator's stock after selling 3,500 shares during the period. Forsta AP Fonden's holdings in Union Pacific were worth $32,365,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Nicholson Wealth Management Group LLC raised its stake in shares of Union Pacific by 2.0% in the first quarter. Nicholson Wealth Management Group LLC now owns 8,055 shares of the railroad operator's stock valued at $1,903,000 after acquiring an additional 160 shares in the last quarter. Savvy Advisors Inc. raised its stake in shares of Union Pacific by 6.5% in the first quarter. Savvy Advisors Inc. now owns 2,158 shares of the railroad operator's stock valued at $510,000 after acquiring an additional 131 shares in the last quarter. National Bank of Canada FI raised its stake in shares of Union Pacific by 28.3% in the first quarter. National Bank of Canada FI now owns 576,497 shares of the railroad operator's stock valued at $136,189,000 after acquiring an additional 127,060 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in Union Pacific in the first quarter valued at $469,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Union Pacific by 8.4% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,079,614 shares of the railroad operator's stock valued at $255,048,000 after buying an additional 83,532 shares in the last quarter. 80.38% of the stock is currently owned by institutional investors and hedge funds.

Union Pacific Stock Performance

Shares of NYSE UNP traded down $0.39 during midday trading on Friday, reaching $222.27. 2,345,506 shares of the company were exchanged, compared to its average volume of 5,336,163. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 1 year low of $204.66 and a 1 year high of $258.07. The stock has a fifty day simple moving average of $227.09 and a 200 day simple moving average of $230.45. The stock has a market cap of $131.82 billion, a P/E ratio of 19.31, a PEG ratio of 2.17 and a beta of 1.05.

Union Pacific (NYSE:UNP - Get Free Report) last released 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. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%. The firm had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter last year, the company posted $2.74 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. On average, research analysts forecast that Union Pacific Corporation will post 11.99 earnings per share for the current fiscal year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, August 29th will be issued a dividend of $1.38 per share. This is an increase 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 2.5%. The ex-dividend date of this dividend is Friday, August 29th. Union Pacific's dividend payout ratio is 46.57%.

Analyst Ratings Changes

UNP has been the topic of a number of analyst reports. Wells Fargo & Company raised their price target on Union Pacific from $250.00 to $260.00 and gave the company an "overweight" rating in a research note on Friday, July 25th. Argus upgraded Union Pacific to a "strong-buy" rating in a research note on Friday, May 16th. Sanford C. Bernstein raised their price target on Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a research note on Monday, July 21st. Royal Bank Of Canada raised their price target on Union Pacific from $257.00 to $276.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Finally, Jefferies Financial Group upgraded Union Pacific from a "hold" rating to a "buy" rating and raised their price target for the company from $250.00 to $285.00 in a research note on Friday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, fourteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.