Greenleaf Trust Decreases Stake in Union Pacific Corporation $UNP

Key Points

• Greenleaf Trust has decreased its stake in Union Pacific Corporation by 34.4%, owning 13,604 shares worth approximately $3.13 million after selling 7,125 shares in Q2.
• Union Pacific reported earnings per share of $3.03 for the latest quarter, exceeding the estimated $2.84, with a revenue increase to $6.15 billion.
• The company recently raised its quarterly dividend to $1.38 per share, marking a 2.3% dividend yield and indicating solid financial health with a payout ratio of 47.96%.

Greenleaf Trust reduced its stake in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 34.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,604 shares of the railroad operator's stock after selling 7,125 shares during the period. Greenleaf Trust's holdings in Union Pacific were worth $3,130,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in UNP. Nuveen LLC purchased a new stake in shares of Union Pacific during the 1st quarter worth $988,822,000. Goldman Sachs Group Inc. boosted its position in shares of Union Pacific by 29.8% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,699,109 shares of the railroad operator's stock worth $873,878,000 after buying an additional 850,025 shares in the last quarter. Auto Owners Insurance Co boosted its position in shares of Union Pacific by 61,054.6% in the 1st quarter. Auto Owners Insurance Co now owns 625,000 shares of the railroad operator's stock worth $147,650,000 after buying an additional 623,978 shares in the last quarter. Menora Mivtachim Holdings LTD. purchased a new stake in shares of Union Pacific in the 1st quarter worth about $115,096,000. Finally, Canada Pension Plan Investment Board boosted 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 buying an additional 452,788 shares in the last quarter. 80.38% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on UNP. BMO Capital Markets boosted their price objective on shares of Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Raymond James Financial reiterated a "strong-buy" rating on shares of Union Pacific in a research report on Tuesday, July 15th. Royal Bank Of Canada boosted their price objective on shares of Union Pacific from $257.00 to $276.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Wells Fargo & Company boosted their price objective on shares of Union Pacific from $250.00 to $260.00 and gave the stock an "overweight" rating in a research report on Friday, July 25th. Finally, Barclays lowered shares of Union Pacific from an "overweight" rating to an "equal weight" rating in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $260.00.

Union Pacific Price Performance

NYSE:UNP opened at $236.40 on Wednesday. The firm has a market cap of $140.19 billion, a price-to-earnings ratio of 20.54, a price-to-earnings-growth ratio of 2.46 and a beta of 1.03. Union Pacific Corporation has a 12-month low of $204.66 and a 12-month high of $256.84. The company has a current ratio of 0.65, a quick ratio of 0.53 and a debt-to-equity ratio of 1.86. The company's 50-day moving average is $223.07 and its two-hundred day moving average is $224.54.

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

Union Pacific Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Friday, August 29th were issued a dividend of $1.38 per share. This represents a $5.52 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Friday, August 29th. This is an increase from Union Pacific's previous quarterly dividend of $1.34. 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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