Fulton Breakefield Broenniman LLC Sells 1,927 Shares of Union Pacific Corporation $UNP

Key Points

• Fulton Breakefield Broenniman LLC reduced its holdings in Union Pacific Corporation by 2.9%, now owning 65,420 shares valued at approximately $15 million.
• Analysts have varied ratings on Union Pacific, with one maintaining a strong buy rating while others set target prices ranging from $215 to $286.
• Union Pacific recently increased its quarterly dividend from $1.34 to $1.38 per share, reflecting a 2.4% yield based on an annualized payout of $5.52.

Fulton Breakefield Broenniman LLC decreased its holdings in Union Pacific Corporation (NYSE:UNP - Free Report) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 65,420 shares of the railroad operator's stock after selling 1,927 shares during the period. Fulton Breakefield Broenniman LLC's holdings in Union Pacific were worth $15,052,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the business. Northern Trust Corp grew its holdings in shares of Union Pacific by 2.0% during 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 last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Union Pacific by 5.4% during 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 last quarter. Royal Bank of Canada grew its holdings in shares of Union Pacific by 1.7% during 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 last quarter. Canada Pension Plan Investment Board grew its holdings in shares of Union Pacific by 10.8% during 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 last quarter. Finally, Nuveen LLC purchased a new stake in shares of Union Pacific during the first quarter valued at $988,822,000. 80.38% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on UNP shares. Robert W. Baird started coverage on shares of Union Pacific in a report on Tuesday, July 1st. They set a "neutral" rating and a $231.00 price objective on the stock. Morgan Stanley dropped their price objective on shares of Union Pacific from $220.00 to $215.00 and set an "equal weight" rating on the stock in a report on Monday, July 7th. Argus lowered shares of Union Pacific from a "buy" rating to a "hold" rating in a report on Tuesday, August 12th. Jefferies Financial Group raised shares of Union Pacific from a "hold" rating to a "buy" rating and upped their price target for the company from $250.00 to $285.00 in a report on Friday, July 25th. Finally, Sanford C. Bernstein upped their price target on shares of Union Pacific from $271.00 to $286.00 and gave the company an "outperform" rating in a report on Monday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have issued a Buy rating and eleven have issued 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.

Union Pacific Trading Up 0.4%

UNP stock opened at $232.72 on Thursday. The company's 50-day simple moving average is $224.14 and its 200-day simple moving average is $224.57. The company has a quick ratio of 0.53, a current ratio of 0.65 and a debt-to-equity ratio of 1.86. Union Pacific Corporation has a 52-week low of $204.66 and a 52-week high of $256.84. The firm has a market cap of $138.03 billion, a P/E ratio of 20.22, a PEG ratio of 2.41 and a beta of 1.07.

Union Pacific (NYSE:UNP - Get Free Report) last posted its earnings results on Thursday, July 24th. The railroad operator reported $3.03 earnings per share (EPS) for the quarter, topping 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 business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same period in the prior year, the company posted $2.74 EPS. The company's revenue for the quarter 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 fiscal year.

Union Pacific Increases Dividend

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

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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