Union Pacific Corporation $UNP Shares Sold by Intech Investment Management LLC

Key Points

• Intech Investment Management LLC has reduced its stake in Union Pacific Corporation by 16% in the first quarter, holding 22,797 shares worth approximately $5.39 million.
• Union Pacific recently announced a quarterly dividend of $1.38, reflecting an increase from the previous dividend of $1.34, resulting in an annualized basis of $5.52 and a dividend yield of 2.6%.
• Analysts have mixed views on Union Pacific's stock, with a range of price targets being set, including a recent downgrade from Barclays, while Bank of America increased their target to $262, indicating a "buy" rating.

Intech Investment Management LLC lowered its position in shares of Union Pacific Corporation (NYSE:UNP - Free Report) by 16.0% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,797 shares of the railroad operator's stock after selling 4,333 shares during the period. Intech Investment Management LLC's holdings in Union Pacific were worth $5,386,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Highline Wealth Partners LLC grew its stake in Union Pacific by 103.5% during the 1st quarter. Highline Wealth Partners LLC now owns 116 shares of the railroad operator's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Financial Gravity Asset Management Inc. bought a new position in shares of Union Pacific during the first quarter worth about $32,000. WPG Advisers LLC bought a new position in shares of Union Pacific during the first quarter worth about $33,000. Cornerstone Planning Group LLC lifted its position in shares of Union Pacific by 50.5% during the first quarter. Cornerstone Planning Group LLC now owns 167 shares of the railroad operator's stock worth $37,000 after purchasing an additional 56 shares during the last quarter. Finally, IMA Advisory Services Inc. bought a new position in shares of Union Pacific during the first quarter worth about $43,000. Hedge funds and other institutional investors own 80.38% of the company's stock.

Wall Street Analyst Weigh In

UNP has been the topic of several research analyst reports. Wells Fargo & Company increased their price target 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. UBS Group upped their price objective on Union Pacific from $238.00 to $240.00 and gave the stock a "neutral" rating in a research note on Friday, July 25th. Barclays downgraded Union Pacific from an "overweight" rating to an "equal weight" rating in a research note on Wednesday, July 30th. BMO Capital Markets upped their price objective on Union Pacific from $270.00 to $277.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Finally, Susquehanna lowered their price objective on Union Pacific from $260.00 to $257.00 and set a "positive" rating for the company in a research note on Wednesday, July 30th. 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 given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $258.25.

Union Pacific Stock Performance

Shares of NYSE UNP traded up $1.27 during midday trading on Monday, hitting $216.18. 4,483,833 shares of the company's stock were exchanged, compared to its average volume of 3,484,925. 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 stock's 50 day moving average price is $224.46 and its 200-day moving average price is $225.79. The firm has a market cap of $128.20 billion, a P/E ratio of 18.78, a PEG ratio of 2.09 and a beta of 1.03. Union Pacific Corporation has a twelve month low of $204.66 and a twelve month high of $256.84.

Union Pacific (NYSE:UNP - Get Free Report) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $6.09 billion. During the same period in the previous year, the firm posted $2.74 earnings per share. The business's revenue was up 2.4% on a year-over-year basis. Equities research analysts anticipate that Union Pacific Corporation will post 11.99 EPS for the current year.

Union Pacific Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, August 29th will be given a dividend of $1.38 per share. This is a positive change from Union Pacific's previous quarterly dividend of $1.34. The ex-dividend date is Friday, August 29th. This represents a $5.52 dividend on an annualized basis and a dividend yield of 2.6%. Union Pacific's payout ratio is presently 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.