Global Assets Advisory LLC Sells 1,462 Shares of Union Pacific Corporation $UNP

Key Points

• Global Assets Advisory LLC has reduced its ownership in Union Pacific Corporation by 59.8%, selling 1,462 shares and now holding 981 shares valued at approximately $231,000.
• Union Pacific reported $3.03 earnings per share (EPS) for the last quarter, exceeding expectations, with a revenue of $6.15 billion, marking a 2.4% increase year-over-year.
• The company recently increased its quarterly dividend to $1.38, yielding 2.3%, up from the previous $1.34 per share, with a payout ratio of 47.96%.

Global Assets Advisory LLC lowered its holdings in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 59.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 981 shares of the railroad operator's stock after selling 1,462 shares during the period. Global Assets Advisory LLC's holdings in Union Pacific were worth $231,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Nuveen LLC bought a new position in shares of Union Pacific during the first quarter worth about $988,822,000. Goldman Sachs Group Inc. increased its position in Union Pacific by 29.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock valued at $873,878,000 after purchasing an additional 850,025 shares during the period. Auto Owners Insurance Co increased its position in Union Pacific by 61,054.6% during the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock valued at $147,650,000 after purchasing an additional 623,978 shares during the period. Menora Mivtachim Holdings LTD. bought a new position in Union Pacific during the 1st quarter worth approximately $115,096,000. Finally, Canada Pension Plan Investment Board lifted its position in shares of Union Pacific by 10.8% in the 1st quarter. Canada Pension Plan Investment Board now owns 4,626,200 shares of the railroad operator's stock worth $1,092,893,000 after purchasing an additional 452,788 shares during the period. Institutional investors own 80.38% of the company's stock.

Union Pacific Stock Performance

Shares of UNP opened at $237.33 on Tuesday. Union Pacific Corporation has a one year low of $204.66 and a one year high of $256.84. The company has a market cap of $140.77 billion, a PE ratio of 20.62, a P/E/G ratio of 2.47 and a beta of 1.07. The stock has a 50-day moving average of $223.83 and a 200-day moving average of $224.46. The company has a debt-to-equity ratio of 1.86, a current ratio of 0.65 and a quick ratio of 0.53.

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, topping the consensus estimate of $2.84 by $0.19. Union Pacific had a return on equity of 41.73% and a net margin of 28.43%.The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.09 billion. During the same quarter in the prior year, the company earned $2.74 earnings per share. The company's quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts predict that Union Pacific Corporation will post 11.99 EPS for the current fiscal year.

Union Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Friday, August 29th were given a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. Union Pacific's payout ratio is 47.96%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Baird R W upgraded shares of Union Pacific to a "hold" rating in a research report on Tuesday, July 1st. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a report on Tuesday, July 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Union Pacific in a research report on Saturday, September 27th. BMO Capital Markets upped their target price on Union Pacific from $270.00 to $277.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Loop Capital raised Union Pacific from a "sell" rating to a "hold" rating and raised their target price for the stock from $214.00 to $227.00 in a research note on Tuesday, September 16th. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $260.54.

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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